Legal Question in Credit and Debt Law in California

Co-signing gone wrong

I Co-signed for a friend. She didn't make the payments. When I asked her about the payments, she took off with the car. I reported reposest. They still didn't find the car. It's going on two months late. What should I do to protect myself and my credit? Can I sue her or do I have to pay for a car I don't have? Can I write a letter to the credit berual?


Asked on 8/21/00, 6:27 pm

1 Answer from Attorneys
Ken Koury Kenneth P. Koury, Esq.

Re: Co-signing gone wrong

You are legally obligated to make the car payments and the only way to protect your credit is to make the payments. You can also sue your friend to recover whatever money you lost because of her default on the contract.

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Answered on 11/29/00, 4:39 am


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