Dawnnette Koonc
Junior Member
I live in Texas, & my dad cosigned for my nephew to get a car. He's on social security, & three different credit check companies said he wasn't qualified to be a cosigner, but because my nephews brother works there, they allowed him to consign. They used my dad's bank account as collateral, but because I am co-owner of that account, they asked me to get a printout with JUST my dad's name on it. First of all, is that legal ? And second, can they take money out of our account ? My dad is 75 yrs old, & since my nephew hasn't made a payment since may, $750 a month, he doesn't need the harassment.
Basically, what can they do ?
Basically, what can they do ?