Timeline for A deceased signed a car loan on behalf of a relative with poor credit- what happens?
Current License: CC BY-SA 4.0
5 events
| when toggle format | what | by | license | comment | |
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| Dec 11, 2020 at 12:40 | comment | added | Trish | @gnasher729 estates have to be settled in a timely fashion. 22 months are not timely. State and country laws differ a lot. Assuming some time is up, the outstanding amount is owed, not the total. | |
| Dec 11, 2020 at 12:34 | comment | added | gnasher729 | If I signed a $10,000 car loan and with interest have to make 22 monthly payments of $500, I would assume that the loan is not in default as long as my estate makes the 22 monthly payments, and the estate doesn't have to pay the $10,000 there and then. Do you have evidence that says otherwise? Especially since son Bob made regular payments, and there is no reason why he would stop after his father died. | |
| Dec 10, 2020 at 19:23 | history | edited | Trish | CC BY-SA 4.0 |
added 18 characters in body
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| Dec 10, 2020 at 18:51 | comment | added | David Siegel | It would be nice if the answer cited a source, especially relevant sections of federal or provincial law, or perhaps a text or essay from a reputably source. | |
| Dec 10, 2020 at 16:58 | history | answered | Trish | CC BY-SA 4.0 |