Car Repossession question (short and sweet)?
January 16th, 2011 by admin
I co-signed on a car loan with my dad. My dad had the car, he was the primary. The car was repossessed. Now a year later my wife and I want to buy a house but the repossession obviously looks bad on my credit. He still owes about $5,000 to the bank.
What do I do? Do I pay the $5,000? How can I take this off of my credit? Will it hurt my chance for getting a house loan because I was technically only the co-signer.
Ok people, I did this as a favor to my Dad, I never thought this man would purposely, yes purposely let this happen because he didn’t like my wife. He did it to “ruin our lives” I don’t need a lecture, I need helpful advice, so if you don’t have helpful advice, shut up and don’t answer.
Repossession
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