My Mother co-signed for my cousin (her niece) a year ago to purchase a vehicle. My cousin really isn’t committed or responsible as she should with making car payments. She will fall behind every 2 months and my Mom gets after her and she seems to be forced to pay because my Mom threatens to take the car away. My Mom hates to do this to her but my Mom’s credit is on the line and nowadays, credit is everything. My Mother just found out today with phone calls and a letter that the vehicle is close to being repossessed if she doesn’t pay the balance of 4 months and it is $1200. My cousin, on the exterior, is a responsible respectable adult (as ironic as it sounds) but her bad habit of not paying is annoying my Mother. My Mom and cousin live on a reservation so the laws are a bit different. Principally, my Mom wants to seize that vehicle from her and either keep it or give it to my sister who needs a car for school to make payments. First of all, that’s what my Mom gets for co-signing for my financially irresponsible cousin, and not co-signing for me and my husband and now we’re on our second vehicle by building our own credit & we’re doing very good, lol. Anyway, what do you think she should do? Does my Mom have a right and obligation to take the car away and save it by rectifying the payments or let my cousin keep screwing up and tarnishing her credit and the possibility of repossession. I personally would take the car from her. My Mom is only a co-signer but the thing is, she gets all communication from the finance company as if she were the actual signer. It’s at a point where my cousin is ignoring my Mom’s phone calls, my Mom also got mad at her brother & wife to get on her and now they’re ignoring her calls. I swear, my Mom seems like a collections representative, lol. My Mom was trying to get my brother a four-wheeler for a graduation gift but got denied and discovered it was for that car. It’s ridiculous. What do you think? (Please, no sarcastic answers.) Thanks.
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