In Jan 2001, at the age of 23, I purchased a car. At the time, I had an excellent job and very good credit. I did not need a cosigner for this loan. The dealer suggested adding my boyfriend to the loan to help build his credit. Well, a year later, for medical reasons, I quit my job. The car was repoed and I filed bk.
For the following reasons, I don't why the bank allowed this...
Bf did not have a job at the time and in 2000 only made $923.
He had absolutely no credit.
My question, can the collection agency come after him for the full amount of the loan due or only for what the bank did not recover during the auction.
Next year will be 7 years, will it come off of his credit report in January when we purchased the car or when it was repoed?
Has anyone ever been in this situation and the bank removed it from their credit report.
Due to my mistake he is unable to get any credit. We were unable to get the money to get the car back.
Yes I made a mistake but I have learned!
2007-03-22
05:03:21
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6 answers
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asked by
Brandi
1