Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Auto Loans
Profile Image

Question By
charlene2712

0 Contributions
0 People Helped
I want to know what to do with a car i help my sisterlaw buy.
I want to know what to with a car I help my sister law, but it is two month behind I cant afford it what can be the best thing for me to do.

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
7362 Contributions
3808 People Helped

NEVER COSIGN!!

When you cosigned for your sister-in-law, you guaranteed that you would take over the payments should she default.  That is what cosigning means. 

Talk to your banker or an attorney about how to deal with this for the benefit of all concerned.                                                                                                                                                                                      

Top Contributor
7362 Contributions
3808 People Helped

Your best option might be to sell the vehicle to pay off as much of the loan as possible and let your sister in law use mass transit until she can afford to buy a vehicle on her own.

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.