Legal Question in Credit and Debt Law in Florida

Re: co signer?

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You have unfortunately learned about the downside of helping someone by co-signing on a loan. The lendor did not have to notify you of the failure of the original borrower to pay. You have virtually no rights in this matter other than to be obligated for the losses incurred by the loan company. The only party you can sue is the original borrower who presumably is judgment proof anyway.

Scott R. Jay, Esq.