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Totaled Lease Questions

Discussion in 'General Automotive' started by Cratical, Jun 13, 2019.

  1. Jun 13, 2019 at 7:56 AM
    #1
    Cratical

    #1
    Cratical [OP] Well-Known Member

    Joined:
    May 3, 2019
    Member:
    #292187
    Messages:
    168
    Gender:
    Male
    First Name:
    Corey
    Central FL
    Vehicle:
    ‘19 Cement TRD Sport DCSB 4x4
    So after making it 65+ years without ever being involved in a car accident(driver or passenger) my Mom totaled her 3 series the other day:

    999CECF3-C4BB-4424-B6B4-8E4B05229C0A.jpg

    How does this affect our credit? I co-signed with her so she could benefit from a great employer discount I received.

    Everything will be covered by insurance. I assume it wouldn’t be any different than if she had paid it off early herself, rather than the insurance company?

    My thinking is it will negatively impact it based on an account closing. However, it will ultimately be beneficial since my debt ratio with decrease

    Thanks all!
     
    Cratical, Jun 13, 2019
    #1
  2. Jun 13, 2019 at 1:03 PM
    #2
    Cratical

    #2
    Cratical [OP] Well-Known Member

    Joined:
    May 3, 2019
    Member:
    #292187
    Messages:
    168
    Gender:
    Male
    First Name:
    Corey
    Central FL
    Vehicle:
    ‘19 Cement TRD Sport DCSB 4x4
    Bump
     
    Cratical, Jun 13, 2019
    #2

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