Legal Question in Credit and Debt Law in Florida
Can I pleed ignorence?
Two years ago, my girlfriend and I cosigned a car. I had no credit and she had just established credit with a $200 limit card. I was the primary owner of the car and she was secondary. We since broke up, and she kept posession of the car, being that it was ''her car''. I had no need for the car because I had my own. She agreed to continue making payments on the car. Flash-foward to the present. I lost all contact with her, she is a drifter and hard to find. I received a call from the finacing company saying that she turned in the car and it sold for about $3000 leaving us with $9000 is debt. What I was wondering is there anything that could help me with this debt being that I was 19, never delt with credit.I believe the dealership should of never sold us the car in the first place if they actually thought they were not going to lose. It was a bad descision on my part. I was young, ''In love'', and she needed a car so I thought I'd be the hero. Being that I'm a student and have gotten bit by the dot com layoffs, Its hard for myself to make ends meet much less pay $250 a month for this debt. Is there anything I can do other than bite the bullet and live with the debt.
2 Answers from Attorneys
Re: Can I pleed ignorence?
Sorry your best bet is to try and work out a settlement or a bankruptcy filing.
www.helpwithlaw.com www.florida-bankruptcy-law.com
Re: Can I pleed ignorence?
You can always plead ignorance, but it wont let you escape your obligation. If this is the sum of your debt, bankruptcy is not a meaningful thought. You can sit back and hope the statute of limitations expires before you are sued. If sued , based upon your statement, your only real defense is that the vehicle was not sold in accordance with state law..If you are sued, do not default. Rather seek the aid of competent counsel to protect your interests.
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