A 80yr old needs very much to retire, but she has co sign for a vehicle for a family member and now that person has now no income,can the 80yr.old take vechicles back….Don t know what to do???
Terry Says: No 80 year old “has|” to co-sign for any one, even a close family member! Let them figure it out on their own! Tell them Terry Savage said so!!! And, by the way, if this person defaults on the car loan, the lender can come after you for the entire balance of the payment. DONT DO IT!!