Legal Question in Credit and Debt Law in Indiana

I cosigned for a car that was never paid for or returned to the dealership, can they sue me for 6times the amount owed


Asked on 2/19/14, 9:04 am

1 Answer from Attorneys
Kenneth Wilk Rubino Ruman Crosmer & Polen

Not necessarily, but they can sue for damages to the vehicle, costs of collection plus accrued interest on the loan. This can sometimes exceed the original face value of the loan.

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Answered on 2/19/14, 4:27 pm


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