View Full Version : Defaulting on car loan
nannyomy
Aug 27, 2009, 06:22 PM
My Question is I signed a car loan for my cousin. She now can't pay for the car and has taken it and I don't know where she is. The company intends to reposs the car and sell it at auction. My only income now is SSDI and a small pension I can't pay the loan. Can they put a lien on my SSDI income?
I need some help. Thanks.
Fr_Chuck
Aug 27, 2009, 06:46 PM
They can sue you in court, ruin your credit. If you can not afford to make the payments why did you promise ( co/sign) the loan
excon
Aug 27, 2009, 07:06 PM
Hello n:
Everything the Padre says is true. And, in answer to your question, they cannot attach your SSDI.
excon
JudyKayTee
Aug 27, 2009, 07:07 PM
Hello n:
Everything the Padre says is true. And, in answer to your question, they cannot attach your SSDI.
excon
- But they CAN attach the pension.