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Good morning. I certainly understand the situation and your concern. It is possible that the finance company which was used, gave the loan, based upon the credit score. It is at their discretion to finance the purchase of the vehicle and if you did sign as a co-signor and he has failed to pay, they could turn around and sue you both, to collect on what is owed. I understand the argument you are making regarding lack of income BUT it is their decision to fund the loan and often times, these finance company take on higher risk loans, hoping the borrower(s) will pay and they will not have any issues. Now, if your argument is that you did not know you were a co-signor, you need to go back and review the documents which you signed, to see what they say, as there is a presumption if you signed them, you read them and understood them and agreed to be liable.
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I just wanted to follow up and see if you had any other questions or needed me to clarify something. I am here to help, so please let me know. Thanks!