Legal Question in Credit and Debt Law in New Hampshire
Co-signer's rights on delinquent auto loan
I co-signed on an auto loan for my stepson. He
has since moved to Montana (with the car), and
has stopped making payments. He doesn't return
my calls. Is there a way to get the car back so it
won't get repossessed and hurt my credit?
Asked on 8/29/01, 3:01 pm
1 Answer from Attorneys
Roy Weddleton
Granite Law
Re: Co-signer's rights on delinquent auto loan
The creditor is going to take the easy road and make you pay rather than chase your stepson. You can then go after your stepson if you can find him.
Never co-sign unless you are willing and able to pay the full debt.
Answered on 9/17/01, 10:05 am