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consequences?? you still have to pay the balance due after the lender sells it at auction. NOT good. options??? Better idea. SELL the car,get all you can and pay the difference then even if you have to borrow the money. It will be much cheaper than idea above and you will reduce the payments,still have good CR. takes a little time, work with the lender but a MUCH better idea. MERRY Christmas

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โˆ™ 2004-12-22 18:38:46
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Q: What are the consequences of a voluntary reposession if one is current on their payments but just tired of paying a 560 car note?
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If you cosigned on a loan and voluntary have it returned can the company still come after you if the primary signer is making payments?

Don't understand what you mean by the phrase, "...voluntary have it returned..." However, as long as the primary indebted party is current in their payments there would be no reason for the loan company to contact you for payments.


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