@Junejer wrote:
@Jnbmom wrote:
@Lou-natic wrote:
@Junejer wrote:
Here is the story:
My mom co-signed a car loan for a relative. Shortly thereafter, he and his wife filed BK7 as they were going through a divorce. The car loan was discharged in the BK7. Somehow a CA got hold of the debt and used guerilla tactics on mom to get her to pay. She has been paying this for over a year and has agreed to pay until next May. I just found out about this on Thursday.
I'm questioning whether or not it is legal for the CA to collect on a debt that was discharged in BK7. If not legal, what are the recourses for her to get her $ back? Has she screwed herself by making payments?
Totally po'd by this, because I didn't even know whe was planning to co-sign on a loan. She usually gets my opinion on financial moves she is thinking about making.
Any advice from folks who have faced this situation would be appreciated.
The best advice is...NEVER EVER co-sign anything. No matter how much someone begs, pleads, cries to you.
If you aren't willing to just hand over cash for however much the loan is for, then you shouldn't be co-signing the loan either.
Obviously it's never best to co-sign but this was the OP's mother and he just found out and is looking for advice on what her options may be , not how bad co-signing is .
Thanks @Jnbmom. I've been away from the forums for a few days otherwise I would have addressed this myself.
It's a great idea for forum members to stick to the question that was asked and reserve personal feelings about what one does or doesn't do until someone asks the question.
@Junejer You are welcome and your observation is spot on 💯
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