Legal Question in Consumer Law in New Jersey
I helped a friend by co-signing with her on a car purchase. The car title is under her name. She just passed away and the car company is telling me I am now resposible for the payments even though she got a debt cancellation agreement. They are telling us it was only if the car was a total loss, not if she passed away.
Asked on 1/12/10, 8:46 am
1 Answer from Attorneys
John Corbett
Corbett Law Firm LLC
More likely the cancellation agreement was based on a life insurance provision that the seller failed to fund. Demand a copy of the agreement. If that doesn't work, there may be ways to force the issue. See: http://info.corbettlaw.net/cosign.htm
See also: http://info.corbettlaw.net/lawguru.htm
Answered on 1/18/10, 7:48 pm
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