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Co-signer troubles ...

Discussion in 'Questions To Truckers From The General Public' started by contiw, Apr 29, 2008.

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  1. Apr 29, 2008 #1
    contiw

    contiw Bobtail Member

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    Apr 29, 2008
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    Pardon the absolute OT ... but truckers are good people.

    California.
    Co-signer in the purchase of an automobile.
    Automobile totalled in accident. No Insurance. Payments defaulted.
    Credit agency wants to get to some agreements out of court.
    Amount due around 10K, impossible for me to repay at this moment.
    Court papers already served.
    Please, please advice.
    Norma Conti
     
    contiw, Apr 29, 2008
    contiw, Apr 29, 2008
    #1
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  3. Apr 29, 2008 #2
    BigDiesel

    BigDiesel Light Load Member

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    Somewhere....
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    Where a do I send my check !!!! :biggrin_25523:
     
    BigDiesel, Apr 29, 2008
    BigDiesel, Apr 29, 2008
    #2
  4. Apr 29, 2008 #3
    Brickman

    Brickman Trucker Forum STAFF Staff Member

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    Lesson learned.... never co-sign..................PRICELESS
     
    Brickman, Apr 29, 2008
    Brickman, Apr 29, 2008
    #3
  5. Apr 29, 2008 #4
    lostNfound

    lostNfound Road Train Member

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    lostNfound # paypal.com











    :biggrin_255:
     
    lostNfound, Apr 29, 2008
    lostNfound, Apr 29, 2008
    #4
  7. Apr 29, 2008 #5
    panhandlepat

    panhandlepat Road Train Member

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    afraid not much you can do, does the person you co-signed for have any way to pay?
    do you have any way to pay?
    i would get with those people ASAP and negotiate some kind of plan.
    i'm afraid you are going to be paying stupid tax (as dave ramsey calls it) one way or the other.
     
    panhandlepat, Apr 29, 2008
    panhandlepat, Apr 29, 2008
    #5
  8. Apr 29, 2008 #6
    Brickman

    Brickman Trucker Forum STAFF Staff Member

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    No doubt about it, thats what Dave calls it.
     
    Brickman, Apr 29, 2008
    Brickman, Apr 29, 2008
    #6
  9. Apr 29, 2008 #7
    panhandlepat

    panhandlepat Road Train Member

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    that man has done what no one else could have. he talked me into wanting to be debt free! LMAO:biggrin_25523: i would, no doubt be sitting in an 80/20 ARM right now with a new car i didn't need to boot if not for that guy.
     
    panhandlepat, Apr 29, 2008
    panhandlepat, Apr 29, 2008
    #7
  10. Apr 29, 2008 #8
    Brickman

    Brickman Trucker Forum STAFF Staff Member

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    If you get a chance go to a live event. My wife and I went this yr to the one in CO Springs, CO.

    LOTS of entertainment value along with learning some thing.
     
    Brickman, Apr 29, 2008
    Brickman, Apr 29, 2008
    #8
  11. Apr 29, 2008 #9
    panhandlepat

    panhandlepat Road Train Member

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    i've looked into it, not bad for 30 bucks.
     
    panhandlepat, Apr 29, 2008
    panhandlepat, Apr 29, 2008
    #9
  12. Apr 29, 2008 #10
    Lurchgs

    Lurchgs Road Train Member

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    Contiw

    Absolutely negotiate with the creditors. But you should also bring in the primary as well. If he's not willing (i.e. doing the duck and cover thing), take the sorry slob to court.
     
    Lurchgs, Apr 29, 2008
    Lurchgs, Apr 29, 2008
    #10
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