Wednesday, May 26, 2010

He is the co signer of a car loan. She has defaulted.Can he seize the car?

If she cannot make the payments and the lender wants him to make the payments AND his name is on the title, then he should take the car from her.



NEVER NEVER NEVER CO-SIGN FOR ANYONE



EVER!!!!!!!!!!!!



He is the co signer of a car loan. She has defaulted.Can he seize the car?

Ohly if his name is on the Title



He is the co signer of a car loan. She has defaulted.Can he seize the car?

Don't think so. Cosigner simply guarantees payment will be made. only the person with owed the money can repo.



He is the co signer of a car loan. She has defaulted.Can he seize the car?

No. Only the lender can seize the car.



He is the co signer of a car loan. She has defaulted.Can he seize the car?

OF COURSE HE CAN!!!! He is then resposible for the purchse (car) and payment.

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