What to do if a family member defaulting on cosigned loan?

Similar questions: family member defaulting cosigned loan.

You have two options, both of which involve unfortunate consequences. And the unfortunate consequences is probably why the family member isn't paying back the loan: he or she rightly suspects you won't take what's behind door number 2. I say "rightly suspects" because you're asking strangers what to do .. Instead of the first option of taking the family member to court and obtaining a judgment against him (her?

) for the full amount + fees spent getting the law involved to force repayment. "Oh, but how could you take your ________ to court?" "Easy: I made one mistake in loaning money to a family member but I'm not going to make a second mistake by letting that family member defraud a family member. " Or you could let it go because he (she?

) is a family member. Those are your choices. Choose wisely.

1 If you can't get them to pay, be prepared to do it yourself. That's all you've got.

If you can't get them to pay, be prepared to do it yourself. That's all you've got.

All you can do is put family pressure on him to repay, but don't be surprised if they walk away and leave you to pay the bill. Judge Judy handles cases like this all the time. All you can do is sue in small claims court to try to recover the loan money that you will be forced to pay.

Dang it, need to go make nice with Auntie Zelda.

Learn from your mistake. Sorry, but that may be all you can do.

My ex boyfriend took my car and says he has all the rights to it cause he cosigned a title loan, the title is in my name" "Every family has an embarrassing family member. Who is yours? " "My 18 yr.

Old son bought a car but his grandparents cosigned loan and put only their names on the title...HELP! " "am I responsible to pay my daughters student loan that I cosigned.

My ex boyfriend took my car and says he has all the rights to it cause he cosigned a title loan, the title is in my name.

Every family has an embarrassing family member. Who is yours?

My 18 yr. Old son bought a car but his grandparents cosigned loan and put only their names on the title...HELP!

Am I responsible to pay my daughters student loan that I cosigned.

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.