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I signed for a loan for my Grandson for a car. He lost his…

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I signed for a...

I signed for a loan for my Grandson for a car. He lost his job, and I can't make the payments for him. I am 77 yrs. old and on Social Security, so I was going to let the car go back. The loan company informed me the car would but put up for auction and I had to pay the difference. Is this correct?

Lawyer's Assistant: What state are you in? And is a local attorney or other consumer protection advocate helping with this?

WV. No

Lawyer's Assistant: What steps have you taken so far?

Just talking to loan company

Submitted: 7 months ago.Category: Legal
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Answered in 5 minutes by:
12/22/2017
Lawyer: Loren, Attorney replied 7 months ago
Loren
Loren, Attorney
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Lawyer: Loren, Attorney replied 7 months ago

Do you have any assets besides the social security you receive?

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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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