Legal Question in Credit and Debt Law in Illinois

co signer on auto that might be repossessed

How bad is it going to hurt my credit if a truck that I co signed for is repossessed? Thank you


Asked on 3/17/09, 1:13 pm

1 Answer from Attorneys
John Lee John D. Lee and Associates, LLC

Re: co signer on auto that might be repossessed

I cannot give you a range of numbers by which your credit score could drop, but you may want to discuss this with the three credit reporting agencies before repossession of the truck. This is not legal advice because you are not as yet my client.

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Answered on 3/17/09, 2:14 pm


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