“Dear Steve,
My mom cosigned on a car for me …to make a long story short this was in 2006 the car was repo and sold for less then owed ..and my mom is mentally ill what should I do?
Diana”
The Answer:
Dear Diana,
I’m afraid your options are limited. Someone will either need to pay the debt or she might have to go bankrupt to end her responsibility for the loan.
Does she have debt besides the loan?
If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.