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Parent Support Forums
Parent Emeritus
ALL IS GOING WELL, THEN BAM IN THE FACE
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<blockquote data-quote="DazedandConfused" data-source="post: 13134" data-attributes="member: 831"><p>YOU can reposess the car, yourselves, if he is late on payemnts. I know, I have done it (long time ago, and long story).f you can afford to take over the payments. As co-signer, late payments WILL show up on your credit report. You are considered "co-owner" of the loan, AND the car.</p><p></p><p>Cancel the phone, ASAP. Take the cancellation hit. Your difficult child could run up a huge bill.</p><p></p><p>I'm so sorry. My own father pulled this stunt on me. It would be the last straw if it were my difficult child.</p></blockquote><p></p>
[QUOTE="DazedandConfused, post: 13134, member: 831"] YOU can reposess the car, yourselves, if he is late on payemnts. I know, I have done it (long time ago, and long story).f you can afford to take over the payments. As co-signer, late payments WILL show up on your credit report. You are considered "co-owner" of the loan, AND the car. Cancel the phone, ASAP. Take the cancellation hit. Your difficult child could run up a huge bill. I'm so sorry. My own father pulled this stunt on me. It would be the last straw if it were my difficult child. [/QUOTE]
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Parent Emeritus
ALL IS GOING WELL, THEN BAM IN THE FACE
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