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The contract does state that I would be given the option to take over payments in the event the buyer stop paying the loan. It only refers to me as cosigner says nothing about co-borrower. To be honest I don't know the difference.
I failed to explain what I meant as far as the repossession I understand what's expected of a cosigner my issue was the lender gave me no opportunity to take over payments on the loan even though my name was also on the title. I found out only after the car had already been sold at a auction...
i cosigned a auto loan for a friend and the auto was reprocessed and I received no notices about the car being delinquent on payments or being sold at a auction back in feburary till today I got a call saying they were going to garnish wages for leftover money owed on vehicle. what are my legal...
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