Legal Question in Consumer Law in Illinois
FTC says: The creditor can collect this debt from you without first trying to collect from the borrower." Is this the law in Illinois? I'm a co-signer for a car loan.
Asked on 12/09/10, 8:15 pm
1 Answer from Attorneys
Thomas Moens
Moens Law Offices, Chartered
Yes, unless your loan agreement says something to the contrary, which is probably does not. Lenders like to keep their options open.
Answered on 12/15/10, 9:16 am
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