You wish to aid your grandson, but think twice before you put your profits and assets in danger by co-signing the loan. You should not experience pressured into co-signing the mortgage.
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Another choice will be to report this to your police to determine if Jacob will be charged with a crime, Most likely theft and/or felony trespass. It will probably be up to the prosecutor to choose when there is ample proof to bring any felony charges in opposition to Jacob.
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Equally of you should know what's going to materialize In case the personal loan isn’t paid out. The car can additional reading be repossessed. Once repossessed, the lender will auction it off at a value that should most likely not pay back the loan.
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