Legal Question in Consumer Law in Texas
cosigning for loans
my wife initially cosign for a $3000.00 student for our son, he went back to the lender and get about 4 more loans without her knowledge and the lender gave it to him without notifiying her of those loan. now they want her to pay for them and she refused to because she didn't signed any contract authorizing them, is she responsible for them.
Asked on 1/20/07, 4:27 pm
2 Answers from Attorneys
Peter Bradie
Bradie, Bradie & Bradie
Re: cosigning for loans
She may be, if the loan document she signed also covered future loans. Get an attorney to look it over.
Answered on 1/21/07, 4:24 pm
Lewis Palomino
Law Office of Lewis Palomino
Re: cosigning for loans
Its impossible to say without reviewing the documents. She may have co-signed on a line of credit. Have your loan documents reviewed by an attorney.
Answered on 1/20/07, 6:53 pm
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