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C0-signed a loan, now the other person stopped paying.

This is a discussion on C0-signed a loan, now the other person stopped paying. within the Credit Cards, Banking, Securities forum, part of the Other Business & Finance Law Issues category; I co-signed a loan with another person. We dissoveld our partnership, but he stopped paying toward the loan. I have ...

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Old Apr 3rd, 2007, 09:50 PM   #1
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Default 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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Old Apr 5th, 2007, 01:09 PM   #2
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Default 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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