Hi All,
As my car was included in my Chapter 7 I needed a replacement shortly after. With my new loan I was required to have a co-signer for the first time. I’m the primary borrower on the loan and my SO is the co-signer.
His credit situation has since turned from bad to worse. He is now planning on filing Chapter 7. The loan is through Consumer Porfolio Services. Is there any AA that they will take because the co-signer filed? I just don’t want the entire loan to come due because he filed, I really don’t want the loan to report a BK status in my reports either.
It’s possible I could refi with NFCU in about 6 months as I now have 3+ tradelines. Should he wait and file after a refi with just me on the loan? Appreciate the advice in advance!
