Hi, all! It's been awhile. I just went through hospice care & death of my dad. Life stopped for me for awhile. Does anyone know..... my dad co-signed for my car over a year ago. What now? Do I just not tell them, or will I need to refi it? With his cosigning, I got great interest, so I really don't want to if I don't have to. I was going to call & see if now that my credit is more improved & I have a good payment history with them if they'll just remove his name. I'm not sure if I should. Any advice? Have you all discovered www.savekaryn.com? The site is self-explanatory. Very amusing. I like the way the girl thinks (she's keeping her head up & dealing with it, rather than burying her head in the sand like I would do).
Hi nursie! WB!! So sorry about your Dad. I will wait and let the legal beagles answer about the car loan. My answers might get you in trouble, hehe.
I'm no legal beagle. In fact, I'm not even a beagle, but alas I digress. Anyway, I would think they may never discover that your father had passed. If it were me, I probably wouldn't even mention it until they did. Again, since I'm not a beagle (I'm a spaniel), please don't regard this as solid legal counsel. If that's what you're after, seek out a real beagle. Doc
Nurse, sorry about your Dad. I lost my father several years ago and his effects when through probate (no will) however the SSA reported to all CRA's that he is deceased, in case anyone tried to use his SSN for any purpose. However though, you have to tell the SSA. I agree with Doc on the informing them portion. I have only been here a while, however welcome back. I hope I helped a bit, I know this board has helped me tremendously so anything I can give back I try.
When my father died, we never told the mortgage company. No use rocking the boat and having them call the loan. Mom just kept making the house payments until last year when she sold the house. If you are happy with the loan terms are are making the payments, then don't say anything.
Ok, so I'll just keep quiet about it. I'd rather keep it the way it is. I just wanted to be prepared in case I had to do something different. Thanks guys!
Again - this isn't a legal opinion, but it would seem to me as long as the payments are being made and on time - they won't care. After all, he was not the primary person on the loan. And sorry to hear about your loss. May he be in peace and joy now with an Angel by his side.... Mommy2cats
