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castaj0958
Feb 21, 2007, 05:36 AM
I have to default on my car loan. I also have a co signer, the car is not running the engine has blown... I advised the insurance company of same... what are th elaws regarding this... is still repaying the loan my responsibility

excon
Feb 21, 2007, 05:40 AM
Hello castaj:

Yes. Yours AND the cosigners. Why would you inform the insurance company? They don't care. It's the BANK that cares!!

That's not a nice thing to do to your co signer.

excon