Legal Question in Consumer Law in Texas
I co-signed on a car for my live-in friend, who has stopped making payments and Wells Fargo is making threats about coming after me, can I file auto theft charges against this person or can the auto company file any kind of criminal charges against me and make me pay for the car?
Asked on 6/24/10, 6:09 pm
1 Answer from Attorneys
Mark Dunn
Mark D. Dunn
If you co-signed the loan, then what happened that would justify you (or the company) filing criminal charges? What crime has been committed?
If you co-signed, you're on the hook for the debt, and Wells Fargo can sue you.
Think of it as a lesson learned: never co-sign on a debt.
Answered on 6/25/10, 10:50 am
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