Can you be put in jail for co-signing someone for a car loan that went bad because repo man can'
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no you will not go to jail but the lien holder of the vehicle can take the registered owner to court to compel him to give the vehicle up but in no way can u go to jail for cosigning a loan
Can you be put in jail for co-signing someone for a car loan that went bad because repo man can't find the carNot likely, but you're on the hook for the debt.
Can you be put in jail for co-signing someone for a car loan that went bad because repo man can't find the carNo, it's a civil not criminal matter. You are still responsible for the loan and can be sued for the full amount plus costs.
Can you be put in jail for co-signing someone for a car loan that went bad because repo man can't find the carNo, but unless you pay for the loan then your credit will be shot!
Can you be put in jail for co-signing someone for a car loan that went bad because repo man can't find the carIf you co-signed, you accepted responsibility for the loan. If the original signer has flown the coop and taken the car with him, you are now responsible for that debt. You have the option of paying the bill, or waiting until they sue you. If they do that, and you refuse to pay the judgment, yes, you can go to jail. But the car company would likely ask that your wages be garnisheed instead, so they can get their money.
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