Legal Question in Banking Law in Virginia
car loan
I co-signd an auto loan for a family friend, they defaulted. The bank came after me for the payments. I could not afford the payments I let them have the car. I reached a settlement with them, and paid the settlement. Can I go to court to recoup my money.
Asked on 10/09/08, 9:36 pm
1 Answer from Attorneys
Daniel Press
Chung & Press, P.C.
Re: car loan
Yes, you do have the right to go after the primary borrower if you have to pay on a guaranty on a loan.
Answered on 10/10/08, 11:04 am
Related Questions & Answers
-
Custodial Savings Account A child lives with her mother and stepfather. The child... Asked 8/13/08, 12:21 am in United States Virginia Banking Law
-
Reduce payments in my mortgage what i can write to my mortgage to explain that i can... Asked 12/27/07, 3:25 pm in United States Virginia Banking Law
-
Mortgage lending We bought a house and closed on it and the lender was unable to... Asked 12/01/07, 6:47 am in United States Virginia Banking Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
