Timeline for Mom made me cosign a car with her because her credit is bad and now the account has gotten charged off
Current License: CC BY-SA 4.0
6 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Jul 19, 2021 at 16:26 | comment | added | chepner | @nick012000 From the mother's perspective, sure. I'd be willing to bet, however, that the OP is already feeling some strain on the relationship. | |
| Jul 19, 2021 at 14:35 | comment | added | nick012000 | Also, telling a court that you're not liable for the car because your mom forced you to sign it might cause a degree of strain in your relationship with her, especially if the bank then proceeds to repossess it... | |
| Jul 19, 2021 at 1:00 | comment | added | Kevin | If OP was a minor at the time they co-signed, then their signature would likely be voidable at their option (or, depending on the jurisdiction, it might be void ab initio). However, the lender would know this, and refuse to accept a minor's co-signature, so I doubt this is actually the case. | |
| Jul 18, 2021 at 21:27 | comment | added | gnasher729 | For example “you co-sign for the car or I’ll throw you out” could be duress. On the other hand, normally it would be the opposing party (the car dealer) putting you under duress, and the dealer can rightfully say they did nothing wrong. Therefore: A lawyer. | |
| Jul 18, 2021 at 18:42 | review | First posts | |||
| Jul 18, 2021 at 21:35 | |||||
| Jul 18, 2021 at 18:41 | history | answered | Xono | CC BY-SA 4.0 |