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How can I protect my credit if I am a consigner on a car

loan? My credit score has...
How can I protect my credit if I am a consigner on a car loan? My credit score has dropped due to missed payment by the other party. I do not have possession of the vehicle since I am just the consigner for my sister who owns the car.
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Answered in 23 minutes by:
11/23/2017
P. Simmons
P. Simmons, Lawyer
Category: Consumer Protection Law
Satisfied Customers: 35,433
Experience: 16+ yrs. of legal experience.
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Hi, My name is***** am an attorney with over 16 years experience. Hopefully I can help you with your legal question.

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If you have to pay money to the lender (either to protect your credit, or because the lender demands payment), you would be able to sue the borrower to recover the money you have to pay

Please let me know if you have more questions. I am happy to help if I can. Otherwise, please rate the answer so I may get credit for my work.

P. Simmons
P. Simmons, Lawyer
Category: Consumer Protection Law
Satisfied Customers: 35,433
Experience: 16+ yrs. of legal experience.
Verified
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P. Simmons
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Category: Consumer Protection Law
Satisfied Customers: 35,433
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