Ask The Get Out of Debt Experts Co-Signing

I Cosigned for My Sister’s Truck and Now She Can’t Make The Payments. – James

“Dear Steve,

Hello..my question is I co signed on a lease for a truck for my sister..dumbest thing I’ve ever done. It’s got bout 10 payments and she cannot Pay it either can I. What are my options what can I do to not hurt my credit anymore?

Screwed and regretful

Anything I can to not have keep making the $600 payment anymore and give it back

James”

Dear James,

The only thing I can think of is for you to find someone else the leasing company will qualify to take over the lease.

If you hand the truck back you should expect the leasing company to sue you for the balance due since you are the co-signer.

Please update me on your progress by posting updates here in the comments section of your question. I’m very interested in how this works out for you.

morehelp1 Choice1 Choice2 Choice3 Big Hug!
Get Out of Debt Guy - Twitter , G+ , Facebook
If you have a credit or debt question you'd like to ask just use the online form .

READ  Will They Go After My Son for the Car I Co-Signed For? - Dawn



About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

Share a Comment / Leave a Reply

Scroll to Top
%d bloggers like this: