More details to this question:
My elderly parents in Indiana co signed on their grand daughter in FL. On 10/31/14 the grand daughter was in an automobile accident in FL. We don't believe she had car insurance at this time...wish we knew that months ago. I have called the salvage yard and found the car and they are treating it as an abandoned vehichle. She has cut off communication with the family and even put the bank on the do not call list (nice girl). My father has made 3 payments since this time but they are on fixed income and my mother is in rehab from cancer. Is there any instance the the lien holder might settle for a lesser amount than what the pay off is? do they have any grounds to try to fight this?
1 ANSWER
Consumer Debt Collector Harassment & Abuse Attorney serving Tampa, FL
Partner at
Tischhauser Law Group
2 Awards
They may take less, you'll just have to reach out and see, though they may opt to demand full payment from your parents as thats what a co-signor means. As to grounds to "fight it", this would require a lawyer being retained to review the agreements etc, but the starting point is no.
Answered on Feb 05th, 2015 at 1:10 PM
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