Legal Question in Consumer Law in Maryland

Car loan with co-signer

In 1994, I purchased a car and my ex-boyfriend co-signed for it. The car was totalled and I didn't pay the balance, it went into default. The co. got a judgement against me and I agreed to make payments. Recently, I received a letter telling me I could pay 50% of the balance, which I payed. The problem is at the time I thought this would clear the matter up for both of us. However, when I called the law office they said only my portion of the debt was paid off. They said the ex still owes the other half. My question is can the ex sue me to make me pay for the unpaid half of the loan?


Asked on 12/05/02, 10:50 pm

1 Answer from Attorneys
G. Joseph Holthaus III Law Offices of G. Joseph Holthaus

Re: Car loan with co-signer

It all depends on what capacity you signed the note. If you signed joint and several then you remain liable for the other half unless an accord and satisfaction was made. Otherwise, you may have satisified your responsibility. Have an attorney request a release.

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Answered on 12/06/02, 12:39 am


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