Legal Question in Credit and Debt Law in Georgia

It depends. Did you use this person a "reference" or as a "co-signer"?

I would consider filing for Bankruptcy.

Good luck!

A reference is NOT liable. A co-signer is.

If the cosigner owes a lot he may want to consider bankruptcy.

In order to be liable, the "reference" would have to be a co-signer as noted. However, these loan places do not ask for "references." This is not a resume. This is bad. Payday lenders are predators and if you are a co-signer that means that you agreed to be personally responsible for the debt just as much as the primary borrower in the event the primary borrower failed to pay.

Filing bankruptcy is a drastic remedy and is not without its own consequences. Unless the co-signer or borrower has other significant debts or unless this debt is over $10,000, I see no reason to file bankruptcy.

You do not indicate whether you are the primary borrower or co-signer. But either way, you need to get advice about your situation in the even of default.