Legal Question in Credit and Debt Law in Minnesota

Co-sign

A few years back I cosigned for someone's student loans and I have been making the payments to avoid ruining my credit. Is there anything I can do? This person is working and has since married, but I am afraid to not pay and ruin my credit. HELP please :)


Asked on 8/04/10, 12:21 pm

2 Answers from Attorneys
David Anderson Anderson Business Law LLC

You should have an attorney send the person a Demand Letter, followed up by a lawsuit if they do not pay. What is balance?

Do you have any written agreement with them>?

Read more
Answered on 8/09/10, 12:33 pm
Sam Calvert Calvert Law Office

If you are paying more than "your fair share" you may be able to sue the other signer. It would be worth trying to talk to him or her to point out the obligation and that you feel compelled to protect your interest.

Read more
Answered on 8/09/10, 8:33 pm


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in Minnesota