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04-03-2007, 09:50 PM
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#1 |
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C0-signed a loan, now the other person stopped paying.
I co-signed a loan with another person. We dissoveld our partnership, but he stopped paying toward the loan. I have been paying it up to now, so my credit won't suffer, but is there any way to make him pay his share? I believe since I signed, I am responsible if he doesn't live up to the agreement? He was the primary on the loan, so can I stop paying it? Can I sue him? What is the best course to take?
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04-05-2007, 01:09 PM
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#2 |
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Top Level Member
Last Online:
07-11-2008 12:49 PM Join Date: Mar 2007
Posts: 694
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Re: C0-signed a loan, now the other person stopped paying.
Sue him in small claims for each payment you make or all amounts due from him.
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