Legal Question in Banking Law in Wisconsin

Loan Payments

I co-signed for a boyfriend awhile back and now we've broken up and he won't allow me to contact him or give me the forwarding address to give to the bank. His father and him have both threaten to hurt me, because I gave the bank thier phone number. He also is threatening not to make payments because he says there is nothing I can do and he wants to screw me over. Is there anything I can do here to protect myself?


Asked on 11/07/06, 2:39 pm

2 Answers from Attorneys
Gerald Hershenson Law Office of Gerald M. Hershenson

Re: Loan Payments

I am not authorized to practice law in your state. My answer is for informational purposes only. You are responsible for the loan in the event of default. You can contact the loan company that if they repossess the vehicle you will resume the payments if you get the vehicle. You have very little protection and your credit will be ruined if you old boyfriend defaults. Never sign for a friend, relative, or other third person. You will face the danger that you now face.

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Answered on 11/07/06, 2:47 pm
David Anderson Anderson Business Law LLC

Re: Loan Payments

You should retain counsel to make demand against him (and to give him a Cease + Desist letter re:threats).

Also you have every right to bring action vs him and/or make deal with bank. I have 25 years of creditor/banking experience.

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Answered on 11/07/06, 2:47 pm


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