What happens to a co-signer when a car is repossessed?
If the car you co-signed for gets repossessed, your credit will take a hit.
4 min read
Sep 30, 2022
EXPERTISE
- Loans
- Home equity
- Debt management
EDUCATION
- Bachelor's of Engineering degree, University of Cincinnati
Highlights
- Founder of PointsWithACrew.com
- Featured in Forbes, NerdWallet, Quicken Loans, Intuit Mint, Business Insider, Yahoo and CBS Sunday Morning show
- Covered topics like loans, debt management and credit card rewards
Experience
Dan Miller is a former contributing writer for Bankrate. His work has been featured in Forbes, NerdWallet, Quicken Loans, Intuit Mint, Business Insider and Yahoo. Along with his family, Dan's usage of credit card rewards has been featured on the CBS Sunday Morning show.
Dan is the founder of PointsWithACrew.com, a site that helps families to travel for free or cheap. In 2013, faced with an expensive Lake Tahoe extended family reunion, he made his first foray into the world of credit card rewards. By the next summer, with a few well-timed credit card applications, he used 170,000 Southwest Rapid Rewards points to purchase eight round-trip cross-country plane tickets. He started Points With a Crew to help others realize that thanks to credit card rewards, their next family vacation might be closer than they think.
Dan's Latest Articles
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Mistakes to avoid when leasing a car
Car leasing can make financial sense, but not if you overlook these details.
7 min read Sep 23, 2022 -
A student’s guide to car buying
Without established credit, you could get caught in student car loan limbo. But there are still options.
7 min read Aug 31, 2022 -
Risks of home equity loans and how to avoid them
Tapping home equity can be a smart move, but know what surprises could be lurking.
6 min read Aug 22, 2022 -
Do you pay sales tax on a lease buyout?
Unsure whether you’ll be taxed if you buy your leased car? You may not owe anything.
3 min read Aug 17, 2022 -
What is a personal line of credit and how does it work?
Taking out a personal line of credit is different from obtaining a personal loan.
7 min read May 14, 2021 -
Loan origination fees
The interest rate alone doesn’t necessarily tell the whole story about what you owe.
5 min read May 11, 2022 -
Should you use a home equity loan for debt consolidation?
Using home equity to consolidate debt can be a smart choice.
6 min read May 06, 2022 -
What to know about getting a personal loan with a cosigner
Before getting a personal loan with a cosigner, consider its impacts.
5 min read May 28, 2021 -
What to do when you can’t afford your car payment
About to miss a car payment? Try one of these methods to lessen the financial burden.
4 min read Apr 19, 2022 -
What is an emergency loan?
Some types of emergency loans come with sky-high fees and interest rates.
5 min read Apr 19, 2022 -
Is buying a luxury car worth the cost?
Weigh these factors when deciding whether to buy a fully loaded standard car versus a luxury car brand.
3 min read Mar 28, 2022 -
Saving money on auto insurance
Auto insurance is expensive, legally mandatory and essential protection for anyone looking to keep their wallet safe while on the road.
4 min read Mar 22, 2022 -
Home equity loan or HELOC vs. reverse mortgage: Which is right for you?
What’s the best way for older homeowners to tap home equity for cash?
4 min read Mar 22, 2022 -
Should you carry a balance on a 0% APR credit card?
There are some clear pros to carrying a balance without paying interest, but there are some potential downsides.
6 min read Mar 11, 2022 -
How to get equity out of your house
Your home isn’t a piggy bank, but there are wise ways to use its equity.
11 min read Feb 28, 2022 -
4 tips to get paid back for a personal loan to friends or family
Asking someone close to you to repay a loan can be touchy. Here are tips for making it easier.
4 min read Feb 22, 2022 -
How does the coronavirus crisis affect HELOCs?
Here’s what to do if you have a HELOC or have considered applying.
3 min read Jan 26, 2022 -
8 steps to get old debt off your credit report
Find out what you must do to clear your name and your credit report of old debt.
7 min read Jan 26, 2022 -
How soon can you file Chapter 13 after Chapter 7 bankruptcy?
A past Chapter 7 case won’t stop you from a future Chapter 13 bankruptcy.
5 min read Aug 17, 2021