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PostPosted: Wed Jun 24, 2009 6:20 pm   Post subject: repo  

if the car owner added a co signer and has past debt. can it be repossed
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PostPosted: Wed Jun 24, 2009 7:28 pm   Post subject:   

If you're asking can the car be reposessed to sell to pay off a debt of the co-signer, the answer is NO. Now if the payments are not made on the vehicle, then the car can be reposessed and it will negatively affect the credit of both individuals who have signed on the note.
ChrisBantly
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Chris Bantly
Joined: 11 Mar 2009
Posts: 381

Location: Upstate SC
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PostPosted: Thu Jun 25, 2009 8:08 am   Post subject:   

No the car won't be repoed to pay off the past debts of the co-signer. But I'd try to avoid a co-signer who has poor credit record. Smile
JeremyHolter
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Jeremy Holter
Joined: 06 Jun 2007
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