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What can your daughter do if she cosigned on a motorcycle loan for her boyfriend and now they are broken up?
Wiki User
∙ 17y ago
Talk to the bank, let them know that she isn't planning to make payments, but that if the payments are late, she wants to know and she wants them to go ahead and repo the bike and then she'll sell the bike and make up the difference. She needs to be reasonable with the bank and sometimes they'll work with you. But the most important thing she can do is to never get herself in that position again. The simple truth is, if the bank doesn't want to work with her, she'll probably have to pay for the bike if she wants to save her credit.
Wiki User
∙ 17y ago
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