Ex husband is filing for bankruptcy and the cosigner on auto loan
Q: 4 years ago my ex cosigned for my Nissan truck. That is a 60-month loan. We divorced 2.5 years ago now he is filing for Chapter 7. He told me the creditor would certainly come after my truck since as a cosigner he co-owns it. I will be trying to take him off the title very shortly. Still, can they come after my truck?
A: The creditors will certainly come as long as either of loan signatories misses a few payments or filing for bankruptcy. If you wish to keep your Nissan truck, try to sign a reaffirmation agreement. Or contact the lender to see if you can refinance the truck and get his name off the loan and title.
Sat Jul 31, 2010 01:07AM | Copyright: www.bad-credit-advisor.com | More in Personal Finance | Comments (0)
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