My husband has co-sign and auto loan for our son. My son was not able to pay the loan and now the car has been repossessed and sold. My son lives in TN and we live in OK. Just received a letter "Notice of Sale of Repossessed Property and Explanation of Calculation" which my husband now owes (as the co-signer) $10,000. The financial company sent all documents to us, indicating that they were going to sell the vehicle and that we still could get the vehicle back if we come up the outstanding amounts owed. Should my husband contact the financial company to make some type of payment? I told him to start paying at least $50 a month, until we can get some of our bills paid. Our son is neither reliable nor responsible to help pay this back. What is the right way in handing this matter?![]()

