AboutDavid Expertise I can help answer questions on how to raise credit scores. I can educate you on all areas of credit scoring. My specialty is helping people recover from Bankruptcy and low credit scores quickly.
Experience I own a credit repair company and have helped hundreds of my clients raise their scores to purchase homes, cars and qualify for other loans.
Education/Credentials My background is in Financial planning.
Question My mom cosigned a loan with my husband, and now we find ourselve having to file chapter 13. How will this affect her credit. I'm very concerned and I don't want her harmed.
Thank You
Answer The account will be shown as included in bankruptcy for all signers. As a result it will impact her credit score.
Also, as a cosigner she is fully responsible for the loan if your husband defaults. Therefore, the company could legally pursue her for the full amount if they'd like to.
