Legal Question in Credit and Debt Law in Iowa
I co-signed a car loan with my ex-fiancee. When we seperated, he agreed to take the car and continue to make all the payments. I recently received a call from our lendor stating that this month's payment hasn't been received. I have not been in contact with my ex-fiancee for years and can't locate any contact information from him.
Is there anything I can do to have my name removed from the loan to protect my own credit? Can I take any legal action to force him to make this payment?
1 Answer from Attorneys
You are responsible for the payments as between you and the lender. The only way to protect your credit is to make the payments. You certainly can sue him, but you will either need to find him, or serve him by publication. You will also need to ask if you sue him and win, will you be able to collect?
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