What to do if I am the co-signer on an auto loan and the primary loan holder hasn’t been paying the payments for months?
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What to do if I am the co-signer on an auto loan and the primary loan holder hasn’t been paying the payments for months?
Can I sue for ownership of the vehicle if I have paid over half the loan payments?
Asked on September 4, 2012 under Bankruptcy Law, New Hampshire
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
Generally speaking, Co signers have responsibility with out benefits. How the agreement read s will be key here but what you can probably do is to sue the primary borrower for the money that you have pad or in the alternative, for the vehicle. Good luck.
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