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My brother got laid off and I co signed for the car and he won't be able to make payments he still owes 15k
That's a solid $5,000+ Upside down.
Unless you have the money, he's going to have to default on it and they will come after the two of you for the difference....
Does he have Gap insurance coverage? I'd tell him to drive it into a lake (Not even kidding).
If he got laid off, is he not getting unemployment? I'd imagine making sure you don't burn bridges with your family should be an important piece of that money until he finds a new job.
I think it already didSeriously tho, before this thread goes full retard...look elsewhere.
I have the 15k but if I pay it off for him i just feel like he won't learn
I told him I got him on the payments and and yeah he's got rap insurance but I hear that, that never worksThat's a solid $5,000+ Upside down.
Unless you have the money, he's going to have to default on it and they will come after the two of you for the difference....
Does he have Gap insurance coverage? I'd tell him to drive it into a lake (Not even kidding).
If he got laid off, is he not getting unemployment? I'd imagine making sure you don't burn bridges with your family should be an important piece of that money until he finds a new job.
I have the 15k but if I pay it off for him i just feel like he won't learn