What are my obligations if I co-sign a loan for another person?
What should you do if your twenty-something son asks you to co-sign his car loan? While you love your son, you’re not sure if he will be able to make the loan payments. What happens if you co-sign the loan, but your son doesn’t make the payments? Will you have to make the payments for your son? These all too common questions that parents and grandparents …
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Loan Default Litigation: How to Collect on a Defaulted Loan
It can be both frustrating and bad for business when you lend money to an individual or another business and they default on their loan payments. Many lenders experience frustration and are fearful that a borrower who stops repaying a loan will never repay a loan. That is not always the case, however, and there are different ways that lenders can legally encourage borrowers to pay …
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