Legal Question in Credit and Debt Law in Missouri

cosighners legal rights

what are my rights as a cosighner to an auto loan if the other party does not make payments


Asked on 11/22/06, 11:03 am

1 Answer from Attorneys
Anthony DeWitt Bartimus, Frickleton Robertson & Gorny, PC

Re: cosighners legal rights

You have the right to pay the loan back, or, if there is property (like a car) involved, you have the right to surrender the property, have the property sold (and the debt reduced by that amount) and then pay the balance after the property is sold.

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Answered on 11/27/06, 11:04 am


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