What happens to my car loan if my co-signer files bankruptcy?

Wednesday, May 18th, 2011 at 21:38

Question by butterfly31201: What happens to my car loan if my co-signer files bankruptcy?
I have a car loan of about $ 10,000. I got this loan about 9 months ago. I am just wondering how it will affect me if my co-signer files bankruptcy.
The car is in my name and she is the co-signer. So with all this new stuff I know does this mean they can come take my car too? Even though I make the payments .

Best answer:

Answer by sup
The question is ...who has the title? Did you default on the loan so the co-signer took it over? If that is the case, I would say he has more rights to the car than you.

Add your own answer in the comments!

Finance your car here onsite if you need help buying one of these beauties :)