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Co-signer--If I am a co-signer on a persons loan and that person deceases, am I still responsible to pay debt?


Co-signer--If I am a co-signer on a persons loan and that person deceases, am I still responsible to pay debt?

yesyup, your screwed
Yes you certainly are.
YUPPERS...I paid off a 6800.00 loan due to being dumb and co-signing.
YES SIRRR
you may want to check with your lender. however, i do believe that there should be a section regarding death or sudden illness that prohibits payments being made. You can always call and say that you would like a pay-off price which will be considerably lower than the principle balance.
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