Legal Question in Credit and Debt Law in Florida

Co-signing a loan

I co-signed a loan which ended up in repossesion. The finance company never notified me of late payments, intent to repossess, or for any reason what-so-ever. My address never changed since the signing. Also, the finance company's own payment schedule reveals that at the time of repossession there were no payments in arrears. Florida statutes state that a judgement can be inforced for twenty years of which time I most likely will be dead. I do not own property. Do I have a case against the finance company for not permiting me a chance to prevent the repo, or do I have a case against the original signee?


Asked on 8/31/03, 8:55 pm

1 Answer from Attorneys
Alexander M. Rosenfeld Rosenfeld & Stein, P.A.

Re: Co-signing a loan

Yes to both. The first for improper repossession and the second for contribution. Seek an appointment with competent counsel in your area.

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Answered on 9/12/03, 2:58 pm


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