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
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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
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
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