My question involves a consumer/family law issue in the State of: Florida
In the process of a divorce (Florida), I cosigned an auto loan, husband Primary. We separated (not legally). He made the payments then decided to leave to South Africa...told me he surrendered the vehicle & satisified the loan. My credit stated Repo $0 balance. did not see any liability issue...
no letters, no contact. Checked credit again & found ONE agency reported acct closed/transferred. $5000 balance remaining after vehicle sold at auction. NO notification. Still $0 balance on credit report. Collection agency assumed $5000 & charges interest. $11,000!
How do i protect myself in case this haunts me at a later date & being he may not return from South Africa- I am the Target as the cosigner? Do I need to file docs prior to filing for a divorce?
Thanks so much.