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Maverick, Lawyer
Category: Family Law
Satisfied Customers: 6422
Experience:  20 years of professional experience
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Is there any away of getting out of being the cosigner for a

Customer Question

Is there any away of getting out of being the cosigner for a son who refuses to pay? Has not paid in over a year. We are retired and are struggling husband and I are 73 and 71 and had to go back to work because of this.
Submitted: 1 year ago.
Category: Family Law
Expert:  Maverick replied 1 year ago.

Welcome! My name is***** give me a few minutes to analyze and/or research your inquiry and I will be back.

Expert:  Maverick replied 1 year ago.

The only person that can let you out of the co-signor agreement is the lender. However, the lender typically does not have any incentive to do so since having 2 or more people on the hook for the debt is better than just one. If you cannot afford to pay, then you can try to file for a bankruptcy and discharge your obligations as co-signor.

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