Legal Question in Credit and Debt Law in Indiana
Fraud Signature
A collection agency wants to collect a loan that I never signed for. My ex-wife and son signed for car but I used my motorcycle for the trade in. I believe one of the two signed my signature to the loan at this point I am not sure who signed. Am I responsible for the loan? The collection agency states that if I my signature is not on the loan, I must agree to prosecute whoever signed the loan before they will remove it off my credit report. Please provide feedback.
1 Answer from Attorneys
Re: Fraud Signature
"I used my motorcycle for the trade-in."! And you didn't sign for the loan? Why would anyone take your motorcycle as a trade-in if you were not buying the car? Did you sign something saying you were donating the motorcycle to your son or ex-wife?
As you may guess, I have as hard a time believing you as the collection agent. Maybe you forgot what documents you signed, or you signed blank documents, which people often do at car dealers.
You can hire an expert to examine your signature on the loan document and compare it to signatures you admit are yours from around the same time, if you have any. That will be expensive, especially if you have to have the expert testify.
Or, if you are eligible and have enough debt to make it worthwhile, you can file for bankruptcy and get rid of all of them.
For a small fee, I'll be happy to look at your evidence and discuss the alternatives in detail.