Legal Question in Credit and Debt Law in Ohio

''Co-signing for a loan''

I co-signed for a loan a few years ago. The applicant made regular payments until about 6 mo. ago. The loan was 3 mo. behind, I payed the loan current, now again the loan is delinquent. Is there any way I can have the applicant re-finance the loan so my name is removed as co-signer so my credit will not be ruined? If so will the court order this, and what are my cances of winning?


Asked on 9/16/01, 9:08 am

1 Answer from Attorneys
Gregg Manes Gregg A. Manes, Esq.

Re: ''Co-signing for a loan''

Unfortunately, this is the risk you take when you cosign on a loan. It appears as though you are stuck. You may be able to sue him for the payments you have made.

Good Luck!!!!!!!

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Answered on 10/26/01, 10:46 pm


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