Legal Question in Credit and Debt Law in Massachusetts

car lease default

My wife co-signed a lease for a new car 9 months ago for my daughter. If my daughter defaults what happens to my wife''s credit? How much will they pursue her? There are 30 months left on the lease.


Asked on 4/13/09, 10:19 am

2 Answers from Attorneys
Christopher Vaughn-Martel Charles River Law Partners, LLC

Re: car lease default

If your daughter is late on her payments or defaults, it will be reported to your wife's credit. If your daughter were to default, the creditor can use all legal means of collection against either your daughter OR your wife.

Read more
Answered on 4/13/09, 10:58 am
JOHN TATOIAN LAW OFFICE OF JOHN A. TATOIAN ESQ.*Licensed Only in Massachusetts

Re: car lease default

In the event of default, the leasing company has the option of pursuaing any and all obligors on the lease agreement.;))

Read more
Answered on 4/13/09, 3:55 pm


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in Massachusetts