Ziay!
General Discussion Forum
Default on car loan?
This is a discussion on Default on car loan? within the General Chat forums, part of the Main Category category; My boyfriend has two adult daughters. Six or seven years ago, he co-signed on car loans for both of ...
| |||||||
| FAQ | Members List | Mark Forums Read |
06-12-2008, 06:06 AM
| #1 |
| Junior Member Join Date: Jun 2008
Posts: 1
| My boyfriend has two adult daughters. Six or seven years ago, he co-signed on car loans for both of them. Within the space of a year, they both lost their jobs, and defaulted on the loans. The cars were re-possessed and sold. Even though the cars were re-possessed and sold, the creditors keep coming after my boyfriend for the total amounts of the loans. He paid them $3000, which was all that he could handle at the time, but they keep coming after him. His credit rating is totally ruined. Now he's talking about filing for bankruptcy to get the debts erased. Does this make any sense? How can they keep coming back to him for the total amount when they took the cars back? Is this legal? |
|  |
 |
« If you watch American Idol, what entertainment value do you get from it?
|
In Oklahoma, what would the charge be if driving without a license (because of DUI) »
| Thread Tools | |
| Display Modes | |
Linear Mode
| |