Legal Question in Credit and Debt Law in New York
What are my options
Stupidly i co-signed an auto loan for someone who i no long speak with. I have asked that he either sell the car or get a new loan co-signed by someone else to get my name off. He swore to me that it would be paid on time.
Every month i call and it has yet to be paid by the due date. I don't think it fair that i need to go through this every month is there any legal action i can take to force him to either refinance or sell so that my name comes off and my credit won't get hurt if he defaults?
Asked on 12/28/05, 12:54 pm
1 Answer from Attorneys
Guy Lewit
Guy Mitchell Lewit, Esq.
Re: What are my options
You have none. There is nothing that I can think of that has any force of law to make your ex-friend sell the car or refinance.
Sorry.
Answered on 12/28/05, 3:07 pm
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