Timothy C. asked
I co-signed a motorcycle loan for my son in Illinois, and I recently discovered that he is in collections for over $20K, which I was unaware of at the time. If he declares bankruptcy, will it affect my credit rating? Is there a way to rescind my co-signatory status based on his poor credit report, which Harley Davidson pulled but did not inform me about?
February 26th, 2024
Julie G. answered
Your son's bankruptcy will not directly affect your credit rating. The only thing that will impact y...
February 26th, 2024
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