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Your father cosigned for your son on a new truck your father is angry and wants his name off truck can he do that and also can he have some one take the truck your son makes all payments early every m?

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2005-11-15 20:30:04
2005-11-15 20:30:04

When you cosign for someone it is 100% legal and binding. Cosigning is never a good idea because if the person the loan is going too defaults in any way the Cosigner is responsible for that total debt. I have no idea why your father is angry and it appears there is more to this story. My bet is your son may not deserve the truck and is getting into trouble. As long as the payments are paid on time your father doesn't have a leg to stand on. If your son has missed even one or two payments on the car loan then your father has the right to take the truck away and sell it, but will have to pay off the debt himself.

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