Quote:
Originally posted by JupZChris
hmm he wasnt there when she bought the car - what she did was got a loan from the bank and took the money fromt he bank and bought the car striaght off a lot ......
so are you saying if he isnt on the car at all we should be fine ?
also i dont understand what you mean by
"However his credit is crap for the co-signing so the bank is perfectly within it right to call the loan immediately."
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car loans are demand loans (at least in ontario at the big 5 banks), if credit conditions change (like the guarrentor declaring bankruptcy) the bank has the right to demand payment in full right now.
you don't have the money your screwed.