I Co-Signed for My Daughter's Car and It was Repo'd
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@jasonlee19790 3 жыл бұрын
My son did the same thing to me......except I had them think it was being repossessed......meanwhile it was my friend who towed it away......and I’m driving that car to this day.......and my son learned a lesson and since has straitened him self of out the hard way. And I’m proud of him.
@khangelwakhathi508 3 жыл бұрын
You did the right thing by repossesing it yourself!!!
@peeudo 3 жыл бұрын
Great job as a parent. You taught your son a valuable lesson.
@Kat89115 3 жыл бұрын
Good job!
@nancybennani2925 3 жыл бұрын
peeudo lo
@michaelmarquez6133 3 жыл бұрын
Wow finally someone smart!!! Genius actually! You saw he wasn't paying and you took action! Wow that's awesome!
@YouTubeUzername 3 жыл бұрын
Can’t believe it’s 2020 and people are still out here in deez streets co-signing SMH
@iPLAYtheSTATION 3 жыл бұрын
The subreddit r/personalfinance gets posts almost daily that go along the lines of "Family/friend wants me to co-sign for their mortgage" or "Help, I co-signed and the other person isn't paying, how do I get out of it?" The answers given are ALWAYS the same "No, don't cosign." "You have to get the other person to refinance the house/car/Rolex watch in their name." It's like people don't do any form of research before making a stupid decision.
@kadenen 3 жыл бұрын
I'm glad my parents cosigned for me, it was the only way for us to get a car at the time. They also hadnt started listening to Dave Ramsey yet lol But it's been 4 years today that we got the car and havent missed a single payment and we dont plan on it. I honor that cosign and appreciate it greatly
@aubreyloving6744 3 жыл бұрын
Co-sign... you may as well agree to make the payments, that's basically what you are agreeing to do. NEVER CO-SIGN...EVER,EVER,EVER...
@riverdaletales8457 3 жыл бұрын
If the person who you're co signing is reliable and trustworthy then sign
@YouTubeUzername 3 жыл бұрын
@@riverdaletales8457 if the person is reliable and trustworthy they probably wouldn’t need a co-signer in the first place. This is why it’s so dumb to co-sign.
@dete503 3 жыл бұрын
Signing loan documents means you agree to pay. Don’t sign if you’re not willing to pay. Let your word be your word.
@insideoutsideupsidedown2218 3 жыл бұрын
People also need to realize after the loan is paid off, unless you do something about it, the car is also your responsibility. If that person who drives the car has a parking ticket that does not get paid, the bench warrant has your name on it as well. Surprise! Would it not be great to get yourself pulled over for say a speeding and get hauled in for a warrant on a parking ticket someone else foegot to pay?
@bettysmith7045 3 жыл бұрын
@@insideoutsideupsidedown2218 That is not true, UNLESS the car is registered under your name AND the actual owner.
@mmonae6122 3 жыл бұрын
.35 cents on the dollar
@CycleThePuck 3 жыл бұрын
InsideOutside UpsideDown you have no idea what you’re talking about
@DisabilityExams 3 жыл бұрын
"I borrowed money and now I don't want to pay it back".
@ImVeryBrad 3 жыл бұрын
thats what i thought too but there was health issues which can be totally different
@arondag 3 жыл бұрын
ImVeryBrad The daughter wouldn’t have needed a co signer if she were in a good place to start. It sounds like the health issues are chronic and knowing that she has to deal with those, still chose to finance a car.
@mattcrouch9348 3 жыл бұрын
This is actually an underrated strategy. I did this sort of thing MANY times, sometimes for 6 or 7 figures! Now I'm president of the United States!
@michaelmarquez6133 3 жыл бұрын
Thank you he's acting like he's innocent man
@Kona_Blue 3 жыл бұрын
If your kids can't get it on their own then don't get it for them. Plain and simple
@silverdime6278 3 жыл бұрын
Oregon trail logo
@brendakrause5639 3 жыл бұрын
Just buy a car in cash for them.
@dillonh321 3 жыл бұрын
@@brendakrause5639 No. Make them save to buy a car in cash doing summer work and when they have a good amount save match it for them. So if they save 3k, match 3k and help them buy a 6k car.
@dillonh321 3 жыл бұрын
@Slow Bucks Na, teach them how to live within their means.
@brendakrause5639 3 жыл бұрын
Sounds good.
@numanuma20 3 жыл бұрын
I heard from another financial show that when you co sign, the other person is likely to quit on it and leave the other 100% in the debt. I would never co sign. Heck, can’t afford any loan or CC.
@DaveZZilla 3 жыл бұрын
I'm sure that's true. If the other person could afford the payments, they wouldn't have needed a co-signer in the first place.
@jaidenshill8447 3 жыл бұрын
I did it for my daughter and totally learned from it. My daughter paid 2 monthly payments, after that I made the payments because she was irresponsible and did not have the money at the end of the month for the payment. The irony is that she totaled the car and that was the best thing that could have happened. I will never do it again.
@numanuma20 3 жыл бұрын
DaveZZilla True. If they had the money, they could pay in cash.
@DozensOfViewers 3 жыл бұрын
A lot of people co-sign for their kids, nieces, nephews, grandkids etc. Parents’ desire to help their kids gets them in trouble sometimes.
@numanuma20 3 жыл бұрын
DozensOfViewers Yep.
@bomb2themax 3 жыл бұрын
When we financed our car we asked my in laws if they would co sign so we could get a better interest rate. I'm glad they said no and after researching I felt bad we asked. We took the percentage and only 2 years later found Dave and paid it off March 2019. Won't ever ask for a cosigner and I will never be one either.
@moma5501 3 жыл бұрын
Wowwww. In my case. I got myself a high intrest rate. And I’m eager to pay it off. Well my in laws offered me a free car and I said no. Kinda glad I did. I’m prideful. But I also love them and respect them very much.
@Speedwayjay 3 жыл бұрын
How you try to use 11 kids as an excuse when only three live with you 🤔 he was looking for a way to just sweep it under the rug
@lyric2439 3 жыл бұрын
🤣🤣
@michaelmarquez6133 3 жыл бұрын
Yessss thank you and I wish they called him out on that and he offered a thousand bucks too I hope they she him! They can she either one or both they will choose him!!!
@valenciabradley7636 3 жыл бұрын
My dad actually helped me and co-sign for a car when I was in a rough spot, I payed the car off early within 2 years. I would never put my dad in the hole or leave him with my responsibilities, I keep my word. Thanks to this show it helped me get on track.
@joyherring81 2 жыл бұрын
Your dad is lucky my daughter left me in a bad spot!
@ChanelBrooke1994 2 жыл бұрын
Thats so sweet. My brother left me with a 16,515 car loan
@justtonee270 3 жыл бұрын
I would NEVER cosign for anyone. Had family members even try to guilt me into it, nope didnt work. My motto if you cant aford it on your own, dont get it. The consignee is always left w/the short end of the stick
@bp22470 3 жыл бұрын
Amen I learned that lesson in 1997 and this is biblical as well in the Book of Proverbs that unless you want to end up in Financial Ruin or better yet have a miserable existence, Do not take on A pledge for Somebody else's Financial Obligation because if the person that you co signed for can't make those payments, guess who they're going to come after?YOU!
@mercedeswilkins9085 4 ай бұрын
Amen
@canoe365 3 жыл бұрын
You guys are SO COOL! You explained that co-signing is a bad idea, without coming across like you are condemning or name-calling. And that bit of info about predatory loaning is crazy! THANK YOU FOR ALL YOU DO! Keep up the good work!
@KS-kr4ok 3 жыл бұрын
If you give your child a car your credit will not be hurt. If you cosign for a car for your child, count on your credit being destroyed. Just give them a car. If you can not give them a car, DO NOT EVER cosign a loan for anybody.
@ozzymartinez3820 3 жыл бұрын
Or hava them work their butts off and pay for their own cars
@marisastoneobrien7834 3 жыл бұрын
Depends on the kid. I have one, that I would never sign for, she is a financial disaster. Another child I did, she paid perfectly on time for 2 years until a DUI driver hit and totaled her car. She then had perfect credit so was able to finance a car on her own.
@KS-kr4ok 3 жыл бұрын
@@marisastoneobrien7834 I did not say sign for them. I say give a person a car or not. NEVER EVER cosign a loan for anybody. My father was a banker. He taught me if you want someone to hate you, just cosign a loan or loan them money. You will want them to be responsible and pay the loan back and they will get mad at you for you being so unreasonable. Give money or a car, never cosign. If you do not want to give, then do not, but I repeat, cosigning is stupid.
@machintelligence 3 жыл бұрын
@@KS-kr4ok Definition of cosigner: idiot with a pen in hand.
@locobeatz8976 3 жыл бұрын
I totally agree. A $2000 dollar honda accord is better than destroying your credit.
@texan903 3 жыл бұрын
Being a cosigner or having a cosigner is always a poor arrangement. Eleven years ago, I was younger, had no credit, my dad graciously decided to cosign on a one year personal loan for a car for me. Each month, I was on time, but some months the payments were split, with one early in the month, the second was made later. When a partial payment was made early in the month, they would mail a letter to say the payment was late. My dad would come to my work to confront me over it, so I would be left explaining. Making the final payment in January 2010 was one of the best days of my life, never again though will I have a cosigner. Nor will I cosign for anyone.
@BigChuck525 3 жыл бұрын
What a coincidence 11 years ago I was younger too
@johnc2438 3 жыл бұрын
@@BigChuck525 🤣
@texan903 3 жыл бұрын
@@BigChuck525 You think you're clever but really you're an idiot if that is your takeaway. I assume you're special needs, so I will explain. 🤣🤣 Anyway, with your name, I'm guessing you were probably 60 in 2009, so your life circumstances were much different than those of a mere 20 something.
@47818 3 жыл бұрын
@@texan903 Chill dude, it's just a joke.
@edwinortiz1262 3 жыл бұрын
@@texan903 relax that ego man
@TheGearShots 3 жыл бұрын
I’ll never forget 6 years ago when my sister called me (she never calls) to ask if I could co-sign for a car for her. Even my pre-Dave brain knew that was a terrible idea and I said no and of course she got one and lost it less than a year later!
@Pk3_Garage 3 жыл бұрын
Yup, never co-sign for anybody. Been there done that. Never again. I repo'd the car from the person myself and took it back to the dealer. They sold it at action and I had to pay back the 6K over 5 years.
@dean4125 3 жыл бұрын
this happened to me!! learned my lesson the hard way. I cosigned for my brother when he bought a truck in 2008. in 2010 he couldnt afford the payments anymore and stopped paying and the truck got repossessed. after that they auctioned off the truck and there was still $6k due so I had to come up with the money. I ignored it until they finally decided to try and take money from my paychecks so they gave me a deal for $3k to make it go away so I took out half my savings to get rid of it. ever since that day I never co-signed for anyone ever again!! its not worth it.
@stevee8318 3 жыл бұрын
Never co-sign for anyone, for any reason.
@umairahmad4711 3 жыл бұрын
I’m never ever going to co-sign 🤣
@MrJames769 3 жыл бұрын
My little cousin ask me to cosign a car for her and I knew it was a bad idea told my pops not to do it now he is in a mess.
@ashleym6765 3 жыл бұрын
11 kids?? If you don't have the income, STOP.
@michaelmarquez6133 3 жыл бұрын
There adopted,some
@fhuber7507 3 жыл бұрын
Reality: The commitment was made to get the car and they are complaining that they have to pay for it. . Don't buy what you can't afford. . Don't co-sign if you don't mean that you are willing to pay the payments.
@Je.rone_ 3 жыл бұрын
"What is your household income" mugs, hats, t- shirts coming to a e-store near you😁
@nourasaad3643 3 жыл бұрын
Hey! I seen you on the millenial CNBC make it video... i just gotta tell you seeing your video was very reassuring im in a very similar situation as you in the video and seeing you coming on here commenting on Dave's videos is really cool. Just wanted to pay my respects take care
@Pinkpolo85 3 жыл бұрын
Vito!!!!!
@Carolina_Berean 3 жыл бұрын
Don't cosign for anyone unless you're going to make the payments every month.
@chezshirecat1872 3 жыл бұрын
Learned this lesson the hard way and will never do it again.
@PaladinErik 3 жыл бұрын
I like these two guys!
@RyaZila 3 жыл бұрын
Weak pull out game.
@closcaz3867 3 жыл бұрын
😂😂
@blacklily624 3 жыл бұрын
I agree that you shouldn’t co sign. But it is def case by case. My mother co-signed for me on a loan and I never missed a payment.
@Thorny_Misanthrope 3 жыл бұрын
You signed the loan. You obligated yourself. That’s not just a legal contract. It’s a moral obligation.
@dominicankid1001 3 жыл бұрын
I finish pay my car thanks uber eats, dave Ramsey and these guys right here.
@awarepenguin3376 3 жыл бұрын
I hate co-signing personally maybe other people can make it work but I have so many stories. People will ask you to co-sign in such dumb, roundabout ways like “hey can I use you as a reference. Hey I’ll get another loan to take you off this one. Hey can I ‘borrow’ your credit for this car note.” Heck no. And then if you have the audacity to say no, the deadbeat will tell everyone that you are being selfish with your perfect credit score abs refuse to share. Never again. Not even once.
@The.Man.WithAPlan 3 жыл бұрын
11 kids yet co sign for something obviously can't afford.
@heatherjohnson5612 3 жыл бұрын
This exact thing happened to me and I was dealing with a non profit debt counselor and she was able to make a deal with the financial institution for WAYYY less. I’m currently almost done paying it off!
@MaGaTOW69 3 жыл бұрын
Fathers need to stop spoiling their daughters
@justinacase2623 3 жыл бұрын
I'm thinking one of two things happened here, 1, dad has no clue the meaning of co-signing, or 2, he thought this would not happen to him. Either way he is on the hook to the bank.
@JadeTrading 3 жыл бұрын
Thank you for sharing
@justinbowman2126 3 жыл бұрын
I had a friend co-sign for me once then they used my signature to get their own loan from the same lender. They fell behind. The debt collector called me and I refused to pay because I didn’t know they did that or even could do that. Long story short, do not co-sign
@travisferguson1721 3 жыл бұрын
Folks, never co-sign for anything for anybody not even for a relative or a friend, period! I know of two (2) bad examples involving relatives! And I know some of you likewise have simular stories. Its just not worth the risk!
@jslbrt 3 жыл бұрын
This is excellent advice
@prospersis4540 3 жыл бұрын
I would never co-sign for anyone. I also wouldn’t ever ask anyone co-sign for me. If you can’t get it on your own you don’t need it.
@jimroscovius 3 жыл бұрын
I have only cosigned for my adult kids on a low-priced car that I could pay for if something happened. But my kids aren't deadbeats and I offered. They qualified for the loan on their own. I only cosigned to get them a lower interest rate, and they have both paid off their cars. I've been asked, but have refused everyone else.
@frankm2385 3 жыл бұрын
If you need a co-signer for a car, then you probably need a less expensive car. Especially a teacher! Taught your daughter a lesson on what NOT to do. Obviously you lack morals and values when you agree to pay and then refuse to pay.
@michelhanson1500 3 жыл бұрын
Reason #18,789 why you DO NOT cosign on a loan for ANYONE. Especially for friends or family. And yes, they have pulled the old "I'm not the person, I'll never..." which might be true but I'll NEVER put myself in that situation again. Lost a cousin and a coworker because of it.
@robertrudisill5777 3 жыл бұрын
Anthony is wrong on his advice in this situation. The debtor is gainfully employed at a school district. The bank won't sell the debt, they'll take him to court and garnish his check for the full amount plus legal fees. I'm surprised that they have offered a settlement when it's actually more profitable for the bank to garnish his wages...the bank loan manager is being lazy on this....
@mike990 3 жыл бұрын
"Number one Shaun, this is a lesson about wrapping it up."
@donaldrichey3318 3 жыл бұрын
I miss Chris. I liked his enthusiasm.
@jpdst29 3 жыл бұрын
How did he not realize it was going to be repo? As soon as his daughter was late multiple times they would’ve started coming after him for payments. I think he decided not to pay either. Now he’s paying the price.
@VlauableFather 3 жыл бұрын
I owed $11500 on a repo once. After a year they took $3
@queen.kristal8395 3 жыл бұрын
Lol your credit is trashed tho
@bobbysanchezlive659 3 жыл бұрын
You’re really proud that you destroyed your credit? Good job😂😂🤷♂️
@VlauableFather 3 жыл бұрын
@@bobbysanchezlive659 I haven’t needed a credit score for 6 years.
@bobbysanchezlive659 3 жыл бұрын
Nathan Manns yea Goodluck ever buying a house I’m sure you’re content living a 5 roommates in your mid 30s
@Fred1294 3 жыл бұрын
11 Kids, sheesh somebodies in the mood all the time
@goddessmelanisia 3 жыл бұрын
Morally, he gave his word. He said he would pay it if his daughter didn't. How is bargaining them down, so THEY take a loss, moral?
@jordanaubrey-realestateinv334 3 жыл бұрын
My goodness 😳 this is a killer. Just add her to a authorized user on a credit card for credit history. I've realized co-signing is a terrible thing
@BossYourMoney 3 жыл бұрын
Its sad that banks can't be a little bit more understanding. From the banks point of view, they're just doing their job... at the end of the day they are a business. But at the end of the day, this purely shows us all the importance of BUDGETING and being out of debt AS MUCH AS POSSIBLE!
@Fred1294 3 жыл бұрын
Where is Mr Better then I Deserve?🤔
@usernameluis305 3 жыл бұрын
Hes living on our viewer money now, he doesnt have to be showing up for you anymore
@koreanplayboy 3 жыл бұрын
Car Dealerships are an arm of the IRS
@bagadonuts7114 3 жыл бұрын
This is why I teach my kids how to build credit and manage there own money.
@InvestwithWesley 3 жыл бұрын
Never Cosign, even for family, if your family needs credit help there's plenty of ways to build beginner credit without a cosign
@bp22470 3 жыл бұрын
Amen!
@cammims7645 3 жыл бұрын
Missing a payment to the Point they come after you for the Difference seems like a never ending Nightmare.
@davidcarter9211 3 жыл бұрын
Get ready for a 1099 for the difference from amount owed and settlement amount.
@johnallen3497 3 жыл бұрын
People don’t get that discharged debt is treated as income
@irawr256 3 жыл бұрын
@@johnallen3497 I didn't know anything about this. Thank you both for educating me with your comments.
@jazzkatt7083 3 жыл бұрын
Yep, I did a settlement off the settlement amount. Basically, they're gonna take any "reasonable" offer.
@anthonylozano8035 3 жыл бұрын
“We also have 11 kids” .... 🤦🏿♀️
@fallguy4209 3 жыл бұрын
Children are the worst debt. Stop having children
@Painfulwhale360 9 ай бұрын
What an awful thing to say. Shame on you.
@Yihooni 3 жыл бұрын
Chris and Anthony have great chemistry.
@blackworldtraveler3711 3 жыл бұрын
Another person that apparently did not read the documents before signing. And don’t know math.
@arondag 3 жыл бұрын
I hope he’s not a math or English teacher.
@mojomaster5003 3 жыл бұрын
Correct. With 11 kids, he REALLY doesnt understand math, at all!
@unfairsanic5089 3 жыл бұрын
Some people just get fooled by advertisement or whatever people say to them just to get what they want until they get manipulated like this co sign bs
@bettysmith7045 3 жыл бұрын
OK show hosts stop blaming banks and car dealerships for people's stupidity!! If people are stupid enough to buy a car they cannot afford, and on top of it they find someone stupid enough to co-sign that isn't the banks fault, that would be the stupidity of the people making the purchase!
@khangelwakhathi508 3 жыл бұрын
Banks are responsible for verifying affordability and dealership will do anything to get a sale so they will absolutely try to get you to buy a car you cant really afford bcoz they know for most people have emotional attachments to cars.
@samcohen99 3 жыл бұрын
Where's Dave been??
@Area559Duh 3 жыл бұрын
They want to eventually replace him. He’s not eternal. He’ll pop in and out though
@alexc5369 3 жыл бұрын
He's gone SC 😢
@TimeisUp22 3 жыл бұрын
Retired.
@rbraxton00 3 жыл бұрын
Thank God i was able to buy my daughter a car cash. Not new, but a nice car, So this didn’t happen.
@TheMetalmachine467 3 жыл бұрын
My moms car got repossessed and they tried coming after her for the difference Took her to court and he asked the bank do you have the car They said yes and he dismissed it right there and told them you have the car what more do you want . Depends on your situation
@gemechannel2899 3 жыл бұрын
11 Kids on Teachers salary, oh boy the guy is so brave!
@KS-cl8br 3 жыл бұрын
You mean stupid.
@nephiedocteur8633 3 жыл бұрын
Am I the only one missing Dave ?😭😩
@echoo9787 3 жыл бұрын
We love Dave but his co hosts are doing a great job.
@ellenricks2029 3 жыл бұрын
I miss Dave, but he definitely deserves to direct his attention elsewhere and take time off. 👍🏼👍🏼 and I agree. The hosts each day are great.
@justsaying4451 3 жыл бұрын
Yes.
@shawnreed4859 3 жыл бұрын
Nephie Docteur these guy are hilarious though. I enjoy watching them.
@alexc5369 3 жыл бұрын
I still can't believe he's gone😢
@alexanderroberts8579 3 жыл бұрын
Dave must be trying to retire
@Coananlover 3 жыл бұрын
Idk why I find the thumbnail hilarious.
@Wall2000x 16 күн бұрын
What is the statute of limitations on car repossession debt in Arizona? 4 years Statute of Limitations The creditor has 4 years from the time it repossessed your car to sue for a deficiency. If more than 4 years have passed, the statute of limitations has run.
@jvolstad 3 жыл бұрын
My Mom co-signed a mortgage. OMG, what a nightmare!
@moma5501 3 жыл бұрын
Wowww how did that turn out
@theblackknight9783 3 жыл бұрын
Daughter should have gotten a reliable car for $2K or less.
@JORDIIMusic Ай бұрын
Coming from a country where medical care is free and of a high standard, I feel a lot of sympathy for the Americans who have to go in massive debt or even bankrupt to be able to afford something that should be a human right in the Western World!
@steve41557 3 жыл бұрын
The daughter's ruined for the other 10 kids who wanted Dad to be a co-signer.
@dlewis11380 3 жыл бұрын
Right lol💀💀💀😂😂😂
@PInk77W1 3 жыл бұрын
I co signed for my daughters vehicle And paid for it. It’s easier than going thru the Re po thing
@BusArch42 3 жыл бұрын
Him Bike one of my friends co signed his younger brother’s car. The bank was supposed to tell him the second it had a late payment. It was in the loan. They didn’t and he found out they were going to repo in 3 days! He ended up having to bring the loan current and the title and loan were transferred to him. He ended keeping the truck. His parents were super mad because he “took” his brothers car! You cannot win with this stuff
@khanhcao3123 3 жыл бұрын
I co sign 100k for my wife to finish school. Everything worked out fine. We paid off her school loan and our mortgage. Not everyone is irresponsible.
@katieonlyusernameavailable 3 жыл бұрын
And most of those 11 kids are adults, and they're still living at home?????
@traditionalgirl3943 3 жыл бұрын
Supposedly 51% of young adults are living at home.
@TwoCents 3 жыл бұрын
Only three of them are still living at home...
@ericstewart517 3 жыл бұрын
Why make things up.....he said 3 of 11 A lot of ppl have 2 outta 3
@mecheckraise 3 жыл бұрын
@@traditionalgirl3943 because they are still collecting participation trophies.
@chrishart8548 3 жыл бұрын
Bet the ones that have moved out are not financially independent. Sounds like he pays their health insurance if not other things.
@lionelhuts875 3 жыл бұрын
This teacher just got schooled.
@jimroscovius 3 жыл бұрын
Eleven kids, three adult kids still living at home, and he cosigns for a loan? What was he thinking?? Don't do stupid things!!
@maureenpluthero8543 3 жыл бұрын
When his daughter got in trouble with the payments why did he not pay them?
@joyherring81 2 жыл бұрын
I did this for my daughter and now it’s repossessed…….
@billwessels417 3 жыл бұрын
they are not being greedy by asking him to pay the debt he agreed to pay. he is being greedy by scheming on ways to pay less than he promised to pay.
@Naturalbeautytoo 3 жыл бұрын
The problem is he is still counting 11 adult kids as if they are still part of his financial responsibility. 3 live at home and besides cosigning on a car loan he's paying medical bills as well Time to cut the apron strings. Unfortunately, my mom has done this for my siblings and they were well into their thirties still tied to her pocket book. Some she still pays their cellphone bill.
@NeoAndersonReloaded 3 жыл бұрын
Always say no. They will be mad for a bit but it will move on and u wont have any problems later
@carlkpsplucky5554 3 жыл бұрын
Stop co-signing. If they were buying a car they could afford, there would be no need for a co sign.
@introvertelectrician17 3 жыл бұрын
Guess who’s getting a new Truck with this advice!
@xsgtxbigboy1655 4 ай бұрын
Why tf would they accept 1k guy deserves everything coming
@altimax9091 Жыл бұрын
Co signer is always risky... unless you full trust the family member...
@yofinance1777 3 жыл бұрын
11 kids. F me :( He’s a busy guy
@fallguy4209 3 жыл бұрын
Best advice have the Osmond family all raise money and pitch in.
@jojo-eb1ib 3 жыл бұрын
They will accept a lesser payment. But don't they put the remaining balance on next year's taxes?
@TheDjcarter1966 3 жыл бұрын
If they need a cosigner that means the bank thinks they can't pay...but $11k they literally just towed it to auction which is ridiculous as a dealer their used car lot could have got my uch more.
@avocadogaming3942 3 жыл бұрын
11 Kids, Jesus!
@matthewwilliams9200 3 жыл бұрын
if they still have the car pay them and get the car back and sell the car once you get it. if they sold the car then try to get as much as you can and make offer if you can or pay it off before collections gets it then your good to go. if you can't because there's nothing left after 4 walls then there's nothing you can do. if I was papa pay it and have daughter pay half back to you
@jaynette2011 3 жыл бұрын
Alright Anthony! Brining in some good insight
@jcrowley1985 3 жыл бұрын
Cosigning should just be outright made illegal. There is no scenario where it's a good idea
@joeyg7458 3 жыл бұрын
Wrong advice...Your credit is already effected..I would let it go to collections and then you deal with the collection agency...When doing so a part of the deal should be that they report it as paid off for a lesser amount on your credit report...DO NOT START MAKING MONTHLY PAYMENTS..
@williamegler8771 2 ай бұрын
If you co-sign for something just assume you're going to end up paying for it!
@brianmay660 3 жыл бұрын
I'm completely ignorant about the debt collection world/laws/etc, but why wouldn't they just come after them for the 11k? That seems like a good ROI if I'm the creditor. Not paying? Ok, suing you and garnishing your wages. Why would I "negotiate" as the creditor? He owes them 11k; end of story. No negotiating; pay what you owe. I'm guessing there's something I'm missing that makes that option not possible, feasible, or profitable for the creditor?
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