Co-Signers Lack of Notice Upon Default

Posted by on Mar 23, 2011 in Bankruptcy, Consumer Debt, Debt Collections Defense, News | 4 comments If you are a co-signer on a loan, there are a few things you should know. The only reason why you were asked to be a co-signer in the first place is the fact that your loved one, whether daughter, son, niece, nephew, or friend, quite simply could not afford the payments on what they wanted to buy. Your loved one was over-extending himself or herself. Most lenders are clever and are very good at...
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To Co-Sign or Not To Co-Sign that is the Question, part 2 of 2

Posted by on Mar 8, 2011 in Bankruptcy, Consumer Debt, Debt Collections Defense, News | 0 comments A creditor is only obligated to send you written notice of delinquency if separate addresses for you and your loved one are reflected in the creditor’s records. Many times, your child, niece, or nephew go to college and you take in the mail every day and simply do not pay attention to their mail. They may actually see their mail once a week on the weekends. However, it is important for...
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