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...
read more

To Co-Sign or Not To Co-Sign that is the Question, part 1 of 2

Posted by on Mar 4, 2011 in Bankruptcy, Consumer Debt, Debt Collections Defense, News | 0 comments You may have been asked lately by your child, niece or nephew, boyfriend or girlfriend, or even your best friend to do them a “favor” and simply co-sign a car loan for them.  In today’s day in age, many people blindly overlook the severity of co-signing a loan and sometimes ask you to do so as if you were getting them a cup of coffee at Starbucks.  We can assure you that co-signing a...
read more