I lost my driver's license, my car is financed and required to have insurance,...

  • Thread starter Thread starter Edgar S
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Edgar S

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...what would happen to my loan? I purchased my car with a friend co-signing a little over 2 years ago and my loan is in great standing... one of the stipulations on the loan was for both of us to be insured under our insurance policy. I recently lost my license due to a DUI (I know argh!), which is of course affecting my elegibility to be insured because I have no license. How would this affect my car loan? My friend is still fully cover under the policy.
 
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