I have recently (June 2017) signed a joint application on a vehicle to help a friend out who had no credit. I am the primary on both the loan and the vehicle. However, we have since had a falling out involving violence and me having to call the police. Needless to say, I haven't even been granted to see that vehicle, let alone drive it. I have asked her to refinance it, to which she agreed, but then later retracted her agreement and basically told me "Too bad". I no longer wish to have this vehicle on my credit, since I have nothing to do with it and am looking to finance my own vehicle. I have briefly spoken with a local attorney who informed me that I can take said friend to general sessions without an attorney, but I am unsure how to go about that or if it is even in my best interest. Please help me figure out what I can do.
When you made the decision to co-sign, then you are liable on the loan if your friend does not pay. You can not get off of the loan unless the creditor agrees to let you off.
Consumers can use this platform to pose legal questions to real lawyers and receive free insights.
Participating legal professionals get the opportunity to speak directly with people who may need their services, as well as enhance their standing in the Lawyers.com community.