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Loren, Attorney
Category: Legal
Satisfied Customers: 33005
Experience:  30 years experience representing clients.
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I stupidly co signed an auto loan for a now former friend.

Customer Question

I stupidly co signed an auto loan for a now former friend. She has been defaulting on the loan regularly and my credit score is dramatically dropping. Can I take her to court since she refuses to take me off the loan ?
Submitted: 10 months ago.
Category: Legal
Expert:  Loren replied 10 months ago.

Good afternoon. I am Loren, a licensed attorney and I look forward to assisting you.

Are you on the title, or just a co-signor on the loan?

Customer: replied 10 months ago.
I am just a co-signer for the car I believe
Expert:  Loren replied 10 months ago.
When you say co-signor, do you mean the loan or the title?
Expert:  Loren replied 10 months ago.
If you are a cosignor on the loan only and there was an agreement that the other borrower would make payments then you can sue them for any sums that you are required to expend due to their breach.
If you are on the title of the car then you can take possession of the without the other owner's permission provided you can do so without breaching the peace or breaking into a locked garage.
Expert:  Loren replied 10 months ago.

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