Legal Question in Credit and Debt Law in Florida
My daughter defaulted on a car loan that I cosigned for. She is now being sued by Ford. Because I cosigned, I am part of the suit. She is not around and they can't serve her the papers but they have knocked on my door and left a paper taped to my door to call the process server. If they can't serve her, will the suit still be valid? Am I to be solely responsible?
3 Answers from Attorneys
You are on the hook for the full amount, just as your daughter is on the hook for the same amount. Signer and co-signer are equal in liability.
As a co-signer you are responsible for the payment of the loan. I hope that you can locate your daughter and that she is willing to help you out here.
Ignoring the papers will not help you. They will do by publication and the next thing you know your credit will be affected. I suggest you contact the process server and get the papers served on you and then go from there. You are equally responsible for the debt since you are co-signer . However, if you are living on a pension along with other factors, you may not be garnished for the debt.
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