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If a vehicle is repossessed is a cosigner responsible for 100 percent of the balance?
Wiki User
∙ 8y ago
Jason, you are just as responsible as the signor. Think about it, you knew the signor's credit wasnt good or you wouldn't have needed to co-sign. When you co-sign, you are saying "if they don't pay this loan,I WILL". Make sure the lender knows where the the whereabouts of the signor and how to get in contact with them. good luck
Wiki User
∙ 8y ago
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