Question about co-signers
Date: Thu, 02/25/2010 - 19:54
Well, its normal for the creditor to contact the co-signer for t
Well, its normal for the creditor to contact the co-signer for the loan payment even without contacting the debtor first.
Quote:
what sort of credit impact could her uncle expect from this? |
It may depend on how late she was on the payment. If it is only one missing payment and has been paid off, the impact can be minor.
Do they have a correct number for her? That would be a reason t
Do they have a correct number for her? That would be a reason to call the cosignor.
If she did not go 30 days, there will be no impact.
I know from my experiences they will call the co-signer before i
I know from my experiences they will call the co-signer before it goes past 30 days sometimes with a "courtesy" call, pretty much to get the co-signer to either get on your ass or for them to get ready to pay it. Its not a bad jester, just sucks when it happens.
And that can happen even with the correct number as well.
And that can happen even with the correct number as well.
i think it's normal for her uncle to be upset..her uncle agreed
i think it's normal for her uncle to be upset..her uncle agreed to be her co-signor because he trusted her niece to be responsible about the payment.. but if they talked about what happen and your girlfriend apologize for what had happened, everything will turn out fine..:)