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Co-signing similar to Russian roulette

 
By Dave Ramsey    Comment on this article Leave a comment
Published: March 24, 2008

DEAR DAVE

  • I just found out that my mother co-signed the loan for my son’s new car. He defaulted, and now she’s making the payments. Does this mean she owns the car that was financed with the loan? If not, how do I go about taking over the car? I want to sell it.

    More Info

    E-mail questions for Dave Ramsey to davesays@ daveramsey.com. For more advice, go online to www.davesays.org or call (888) 227-3223.
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