I Cosigned On A Loan With My Daughter, Can They Take My Possessions?
I cosigned with my daughter and she used her car as collateral. The car was worth around 10k at the time and the loan was only for $3800. However, they still wanted collateral from me and used a camera and some household stuff. Now she lost her job and can't pay. I am in foreclosure myself and can't pay either. I know they can take her car but can they still also take my possessions? What if I have sold them?
Reply from DebtCollectionAnswers.com: What kind of loan is this? It's not a car loan is it? Or is it a payday loan or something similar? What kind of household goods are talking about? Please use the comments link below to reply.