Minnesota  |  Banking Law

Legal Question

Asked on: 2/26/09, 3:53 pm

Co-signing an auto loan

Does it matter who's name appears first on the paperwork of an auto loan ? I understand that even though I co-signed on a loan that we each share equal responsiblity, regardless who appears first on the paperwork. Is this a true statement ? Are there any ramifications to appearing first on the auto loan ? The person that I co-signed for had very limited credit and I just received the paperwork with my name on first. I await your response. Thanks

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