Ask Experts Questions for FREE Help !
Ask
    Wondering again's Avatar
    Wondering again Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jan 30, 2009, 05:54 PM
    Can sueing someone hurt the co-signer?
    My son did not pay for a 4 wheeler he purchased. I had co-signed for his car. Now the seller of the 4 wheeler is sueing him. He claims he is going to put a lien on his car and since I am the co-signer of the car my credit will be reiuned... this makes no sense to me. Is it possible or is this guy trying to scare me into paying off my son's debts?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Jan 30, 2009, 06:32 PM
    If you are not co-signed for the 4 wheeler, then its unlikely he can affect you. He probably cannot get a lien on the car since there is already a loan against it.
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
    Uber Member
    		  
    #3

    Jan 30, 2009, 08:49 PM
    Quote Originally Posted by Wondering again View Post
    My son did not pay for a 4 wheeler he purchased. I had co-signed for his car. Now the seller of the 4 wheeler is sueing him. He claims he is going to put a lien on his car and since I am the co-signer of the car my credit will be reiuned...this makes no sense to me. Is it possible or is this guy trying to scare me into paying off my son's debts?

    Do you and your son co-own the car or does he own it and you are the co-signer?

    I can't imagine that the company would seize a car with an outstanding loan on it to pay this debt. More likely they will look at bank accounts and wage garnishment (if it's legal in your State), following a Judgment.

    Maybe the creditor will get a lien against the car - he could but I don't see it makes any sense.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Sueing Daughter [ 7 Answers ]

I am disabled from many chronic illnesses and have been mostly bedridden for 15 yrs. After my divorce I moved to FL and my daughter wanted to come with me. I am on SSID and I had a suv under her name. She tricked me into selling it and promised to buy me a used truck. The money from my suv was used...

Sueing someone out of state [ 1 Answers ]

How can I sue a company which is out of state where I am living without showing up in the court at the other party's state? Thanks.

Sueing for malpractice [ 2 Answers ]

A physian performed atoe nail removal surgery on me even though my toe was'nt numb. She used an electric saw and I pleaded with her to stop because my toe was'nt numb. It was unbearable pain and suffering. I screamed all the way home. My daughter called her and said she had never seen me in this...

Sueing family for $50,000 [ 3 Answers ]

I sold my half of my business to my brother two years ago. All paperwork was done with a lawyer and he signed an agreement to pay me $50,000. He now refuses to pay any of it saying that he lost money in a previous business venture with me over ten years ago and therefore does not owe me anything....

Mtg. Co sueing us [ 1 Answers ]

We have followed some bad advice from a trustee, now two years later we have lost everything we ever worked for, our land our house and now the bank is trying to put a judgement against us. What to do next?

View more questions Search