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If you filed for bankruptcy would the cosigner of your auto loan be forced to take over payment?

Bethany Evans

in Student Loans

1 answer

1 answer

Curtis Rhodes on September 2, 2019

The answer is that the surety is left responsible for taking over the payments. If the cosigner wants to maintain his credit score (which is, probably, the damaged due to its bankruptcy filing), If the consignor does not want the auto loan people to sue for any remaining balance, then he or she will have to continue making payments. If the auto loan company sues for any remaining balance and gets a judgment, then the auto loan company will go after the assets of the issuer and / or high-pitched of your winnings. attempt to or seize your property or garnish your earnings.

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