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-   -   Defaulting on car loan (https://www.askmehelpdesk.com/showthread.php?t=391189)

  • Aug 27, 2009, 06:22 PM
    nannyomy
    Defaulting on car loan
    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.
  • Aug 27, 2009, 06:46 PM
    Fr_Chuck

    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
  • Aug 27, 2009, 07:06 PM
    excon

    Hello n:

    Everything the Padre says is true. And, in answer to your question, they cannot attach your SSDI.

    excon
  • Aug 27, 2009, 07:07 PM
    JudyKayTee
    Quote:

    Originally Posted by excon View Post
    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.

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