Legal Question in Credit and Debt Law in Wisconsin

Rights of a Cosigner

I was a cosigner on a student loan which was defaulted

on and I ended up paying. Do I have the right in

Wisconsin to take the person who took the loan out to

court in order to recover my loss?


Asked on 12/30/03, 6:07 pm

1 Answer from Attorneys
Mark Mahoney Cassiani Law Office, Wise Shepherd Law Office

Re: Rights of a Cosigner

Hello,

Yes you should have a remedy against the party that defaulted. Depending on the amount you may be in small claims court or regular court. You should see a lawyer to see what your options are.

Best wishes, Mark J. Mahoney

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Answered on 12/31/03, 9:00 am


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