The culprit is normally an ex-spouse, business partner, girlfriend, boyfriend, or family member.
Your home and your primary transportation should always be your first concern. Bad credit normally never is, as far as what we have been told.
Normally a charged off account means that all collection efforts attempted by the creditor were ignored and the creditor felt that the debt was un collectable. There is always an understandable reason why your car or home was repossessed or foreclosed upon, but the impact on your credit could not be worse.
If this person does not pay the debt, you are financially responsible, and the lending institution can come after you for the unpaid balance. Q: Can I Finance a Mobile Home for My Family Member with JCF Lending Group? We do not require previous mobile home ownership for an approval.
Multiple charged off accounts will result in a decline.