Consumer Protection Law
Consumer Protection Law Questions? Ask a Lawyer Now.
HelloThis is Samuel and I will discuss this and provide you information in this regard.It is unfortunate, but your aunt will not be removed as a Co Signer. The only way is to find out who holds the collection and then negotiate with them a payment in full to close the matter. You should be able to call Citi Bank and find out which agency has it for collections?But because your aunt is a co signer, it is possible she could be contacted by the agency before you or before you find out who holds the note now. I suggest you try to find out where it is so you can work something out to have the loan paid in full. At that time, your aunt will no longer be a co signer, obviously.
That is correct. The lender, Citi Bank, will require her to file charges of fraud and forgery. Otherwise, Citi Bank will hold her just as responsible.
And it is also possible that if she makes that statement to Citi Bank to get off the hook, Citi Bank will investigate and bring criminal charges against you.