Appellate Practice Attorney serving New York, NY
No. The dispute is between you and your co-signer, and doesn't affect your obligations to the lender.The lender advanced money based, at least in part, on your credit. It has done nothing to justify forfeiting that benefit.
I assume that when you say "co-signer" you mean on the motorcycle loan, not title. If so, you can sue your co-signer for failing to make his/her share of the payments, if your agreement was that he/she was to pay part or all of the loan. Also, depending on how title to the motorcycle is held, you can sue your co-signer for the value of his/her use of the motorcycle and/or to return the motorcycle.
Answered on Sep 16th, 2015 at 11:33 AM