If my mom cosigned on a vehicle for my brother and she cancels the automatic bank draft from her account is she reliable if something happens. Her name is not on the insurance it just gets drafted from her bank account.
Answered on: 10/07/13, 8:25 am by Donald McLeaish
Cosigners are liable if the debtor does not pay...and name on insurance does not affect names on the debt...
Did you find this answer helpful?
0 Users found this answer helpful.
0 Attorneys agree with this answer.
McLeaish&Associates;, P.C. 402 West Wheatland Duncanville, TX 75116► Other answers from this attorney