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??? hello, i cosigned for equipment for my ex a few years ago & now he hasnt paid the monthly amount due. Collection agency is now calling me to pay but i am unemployed. Can i sue the primary borrower? what action can the collection agency take against me?




As cosignor, you took on the same responsiblities as the borrower. You can be sued they same way your ex can be.

Sub: #1 posted on Tue, 11/02/2010 - 11:46

SOAPLADY SOAPLADY
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thanks soap lady. If i agree to pay a large portion of the debt can i be absolved from paying all of the debt

Sub: #2 posted on Tue, 11/02/2010 - 12:08

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I think you need to talk to the creditor and talk to them about this. If they agree, you can pay a lump sum and finish off the debt.

Sub: #3 posted on Tue, 11/02/2010 - 12:12

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