Core Insights - A Seattle woman, Mary, faced financial difficulties after co-signing a car loan for a partner, resulting in a remaining balance of approximately $29,000 after a voluntary repossession of a 2019 Volkswagen Jetta [1][3] - Mary earns $61,000 annually, has no savings, and carries $3,000 in credit card debt while still making payments on the vehicle [2] - Financial expert Dave Ramsey emphasized that co-signers become responsible for the loan if the primary borrower defaults, advising Mary to communicate her financial situation to creditors [4][6] Group 1 - Mary co-signed a vehicle loan in fall 2021 for her then-partner, who later failed to make payments, leading to the vehicle's repossession [3] - After the repossession, lenders will pursue the co-signer for any remaining balance once the vehicle is sold at auction, which often results in a deficit [6] - Ramsey advised Mary to inform creditors of her financial situation and suggested that repossession balances can often be settled for less than the full amount owed [7] Group 2 - Mary inquired about placing a lien on her former partner's expected settlement from a motorcycle accident, as she had co-signed for his Harley, which was paid off [4] - Ramsey cautioned against relying on another person's settlement to resolve her debt, indicating that such a strategy is not viable [5]