Ziay!

needshelp63

...that loan when theydie? The second signer on the loan is the one has and drives the car. But has no credit.

dmbangel1981

If the primary on the car loan for whatever reason can not pay the debt, whether it be they are unemployed, divorced from the co signer, dead or whatever, the co-signer is then responsible for paying the loan. Insurance has *nothing* to do with it unless the vehicle was in an accident. If the person who is deceased didn't leave any money to pay for their past due debts, then unfortunately the co signer assumes responsibility or they will reposses the vehicle. That is why loan companies request cosigners, if the primary doesn't have good credit or little credit history, they ask for a cosigner that would be able to pay the debt if the primary person can not. The loan reflects on the co signers credit just the same as the primary's.

This goes both ways, if the co-signer dies or whatever, then obviously the primary is responsible.