 Will a foreclosure effect your credit rating worse than bankruptcy? |
| We are filing for bankruptcy and will lose the house one way or another. If the foreclosure goes through, we can live in the home rent-free for perhaps up to 10 months. Or we can try to do one of ... |
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 Cosgined for my sisters engagement ring? |
| My sisters BF bought her an engagaement ring in October. He doesnt own a credit card so he has no credit history, good or bad. He opened an account with the jeweler and I ended up cosigning with him. ... |
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| What is the deal with these online advance payday loans? |
The bills aren't added up right and i need some extra cash for my shots for LPN school.
My question is: Do these things work and how? Do they go off credit? How do they determine how much ... |
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 How do I get on welfare.? |
| My mom thinks that I've been working enough now and I do too. I'm looking to take some time off for a while from work and get some relaxing time in. I need something to cover our mortgage,... |
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 Why are people getting in over their heads regarding credit cards? |
if you cannot pay it with cash now, do not buy it now. you are only hurting yourself by charging something you cannot afford.
Additional Details
interesting how many responders look to ... |
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 How long till something goes off your credit report? |
| I lived in an apartment for 11 out of the 12 months on my lease and we only moved early because my 1 year old was always getting sick, I mean every 2 weeks we were at the doctor. It got so bad that ... |
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 Bad Credit at the age of 16? |
Okay, when I was 14-15
My brothers used my social security number and I blv my name aswell to get cable, cellphones and stuff. Since they had bad credit.
And they did get those ... |
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 Can a 15 year old get a credit card? |
i mean i heard of the 7 yr old getting a credit card and my friend actually got a letter in the mail that said kitty (his BIRD!!!) was approved.....
Additional Details
ok then what ... |
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 A im 10,000 dollars in debt and all my stuff has went to collections how should i pay this debt off ? |
| i have a loan that is 2,000.00 and the rest are credit cards. how much should i pay on them each week and how do i rebuild my credit because i want to buy a house in the next 2 to 3 years?... |
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 Credit Cards.? |
| Why do Credit Card companies allow so many people to get into debt?? People nowadays are using them as if it were there own cash. Then when its too late, they realise they're in big trouble and ... |
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 Do you think it is necessary to view ones credit information when applying for job? |
| In my opinion it is not. I don't have horrifying credit but I have a few items on my credit report. I think it is unfair because they could turn down a very qualified candidate because of ... |
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 What is the best credit card to apply for if you have good credit? |
| Which credit card do you think it's best for those with good credit? Chase, American Express, Citi, Capital One?... |
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 Can u go to jail for not paying on a payday loan? Or does it go towards ur credit? |
| I do not have the cash in my bank account to pay anymore. I do not want to do this, but i would rather have the cash to pay food and stuff than just go to a loan.... |
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 Will the amount of purchases I make on a credit card make my credit better if I just got a credt card???? |
| will the amount of purchases I make on a credit card make my credit better if I just got a credt card????... |
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 Is there any way to remove bad marks from your credit report once youve paid the creditor? |
| I have paid my debts off over two years ago and would hate to wait 7 years....please help!! T... |
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 Paypal?????? |
| when selling items on ebay when someone buys something from you does the money go into your bank account or your paypal account? if into paypal account is it easy to get back into your bank account?... |
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Denise A | Can i sue someone for my down payment if they got my car repossessed, and they were a co-signer? |
Additional Details
I was out of work and the cosigner told the dealer they were going to make the payment for that month and they didnt...I didnt hurt anyone's credit because it showed up my credit report...by the time i was able to make the payment again the repossession was out of hand and they were nowhere in site, and they did this out of spite...
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Pengy
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If they co-signed and the car was repo'd yes it did show up on their credit report also |
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john_carlton06
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this is america, you can sue anyone for anything.
I don't think you'd have much luck, since the co-signer was doing YOU a favor on the car note. perhaps if you'd kept the payments current... |
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DaMan
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Denise,
Take a step back.
If you weren't making payments on the car, then it is subject to repossession.
This isn't about your intentions. This isn't about who you did and didn't hurt.
This situation is about action and consequence.
If you don't pay the car note, then you risk your "ownership" of the vehicle as well as any down payments you made.
Accountability first.
Trying to blame the consequences for non-payment of debt on the co-signer is diverting the main issue. You don't have a legal basis to sue as repossession is a natural outcome of defaulting on the debt.
You signed the car note. You promised to pay. You could not pay because of your unemployment. The creditor reclaimed the asset to stem his losses and contain the default situation.
This is how our credit system works. If you don't like the outcome, you are always free to seek other types of financing arrangements.
I would use the money you were thinking about giving to a "no-good" lawyer to buy a hooptie in the meantine.
You will get more "bang" for your buck. |
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Jason B
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If they were the co-signer it is your responsibility to make the payments, not theirs. If anything they should sue you for hurting their credit. |
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Pojo
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How did someone else gwet YOUR car repoed weren't YOU making the payments? |
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src50
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How did THEY "get your car repossed"? YOU were the primary borrower, correct? So YOU defaulted, correct? |
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golferwhoworks
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yes as you can sue any one for any thing but be prepared if you loose that the cost will be on you so go ahead |
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Deliah
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FYI it showed up on the co-signers credit report as well. You have nothing to sue for the payments were your's to make, you didn't the car went bye, bye.
I'm suspecting boyfriend got ticked and that is the spite issue. |
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venus
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The money you will spend for a lawyer to sue for a down payment (so that you could have what should have been affordable monthly payments for you) should be going towards the defaulted car payment itself. If they repo the car they will never get what it is actually worth if they sell it since cars depreciate enormously. The car will be sold at an auction and if, for example, you owe $10,000 and they only get $5000 at the auction, guess what??? You will still owe them $5000 because that is what they expected to get from you when you bought it. The company loans you the money to make money and they will stop at nothing until they get what is at least owed to them. Your credit will go right to the porcelain goddess and you will still have to pay the $5000 owed debt which will now be on your credit report for the repo. BTW- This WILL affect the cosigners credit as much as it will yours which is why intelligent people don't cosign on loans for people that have the bad credit situation in the first place. Bad credit means that you are unreliable to pay it back. I wish you the best of luck but I would just try to work it out with the lender and see what you have to do to get the car back, if it's not too late already! |
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Ed Atun
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Judge Judy says you can; in certain circumstances.. |
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