Sovereign Bank collections practices are harrassing, threatening and personel extremely rude. Reading Pennsylvania

you catch up the payments on the auto loan for your son.

You co-signed on the loan and it will be YOUR CREDIT SCORE that will take the "delinquent" hit as well as your son. You can always "extract" repayment from your son when he is better able to catch up. Further, if you allow your credit score to get trashed, other credit lines you have may attempt to raise your interest rates (on current credit cards) on credit accounts because you're no longer as "credit worthy" as you were and they'll hit you with a default rate that's about 30%. Is it really worth the headache you'll go through because of this?

This is secured credit. As long as you're delinquent they can report it as such to the CRAs about YOU and they are free to come and repo the car. If that happens, it'll cost you MORE-it always does. If they repo it, they will sell it at AUCTION and YOU will still be responsible for any shortfall still on the loan, as well as repo fees and so forth.

I understand your frustration, but this is what happens when you co-sign on any credit for anyone and they fall behind on payments. At least they TOLD you about it. Some companies won't bother and they way you discover it is when you're served a summons for civil court.

If I were in your shoes, I'd catch up the payments and have a chat with my son. If necessary, he needs to find a temporary second job to get himself through this without causing HARM to YOU. Another alternative would be for him to sell the car (he'll need their permission to do so) and then get an older used car that he can afford with his current income.

Good luck.