Legal Question in Consumer Law in New Jersey
car repossession
I co-signed a loan with my daughter for a car. This car has been repossessed. How will this affect my credit.
1 Answer from Attorneys
Re: car repossession
If it is reported as a delinquency on your credit report, the answer is: Badly.
Did they follow the law in doing the repossession? Did they send the required notices?
You may want a lawyer to look it over and see if the damage can be minimized. You might, perhaps, get them to report it only on her credit and not report it against you.
Disclaimer: Your question and any response does NOT create an attorney-client relationship between you and this law firm. You can not rely on the statements made by an attorney given over the internet. The exact facts of your situation, including facts which you have not mentioned in your question, may completely change the result for your situation.
Related Questions & Answers
-
Waivers I signed a waiver for a video tape interview and gave over (donated) some... Asked 6/24/07, 11:33 pm in United States New Jersey Consumer Law