Legal Question in Consumer Law in Virginia

finance issues

If a person is used as a co-signer for a car does the finance company suppose to use the co-signers credit or the signers. And if the co-signer has excellent credit and is showing that they are the signer with the finance company why was the amount financed used with signers credit if the bank is showing the signer is not the main

person used?


Asked on 5/02/09, 8:58 pm

1 Answer from Attorneys
Michael Hendrickson Law Office Michael E. Hendrickson

Re: finance issues

Both of the co-signors are equally obligated for the loan in the situation described, and neither the credit of the one or the other is apportioned out in any particular way to back the financing of the loan at issue.

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Answered on 5/03/09, 12:27 pm


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