My brother co-signed on a car for our trouble-making youngest brother. Troublemaker totaled the car and refuses to help pay back the loan.
Good brother in bad financial bind at moment, job just cut back on hours, has debt and can't afford the payments. He stopped paying a few months ago, credit rating at 400 now.
Loan is willing to offer new loan at better rate with co-signer. However no one is willing or is not able to assist.
He also recently enlisted in air force and will be shipped off to bootcamp in 6 months.
Really want to avoid bankruptcy, any other options?
2006-12-14
16:51:32
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8 answers
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asked by
hw
2
in
Credit