Results 1 to 3 of 3
  1. #1
    Join Date
    Aug 2009
    Posts
    1

    Unhappy How to Get Someone to Pay on a Co-Signed Loan

    My question involves collection proceedings in the State of: TN

    My elderly folks co-signed on a personal 45K loan with my sister and now ex-brother-in-law 4 years ago. The ex-brother-in-law stopped paying on the loan after about 1 year - and my poor folks have had to pay on it since then. How is the best way to legally get my ex-brother-in-law to pay on this ? Any guidance would be appriciated!

  2. #2
    Join Date
    Jan 2006
    Posts
    38,867

    Default Re: How to Get Someone to Pay on a Co-Signed Loan

    How is the best way to legally get my ex-brother-in-law to pay on this ?
    well, making him pay may be impossible. Your parents can sue the guy for the money which would give them a judgement they can try to collect. There may be some way to they can attach wages or property but other than that?

    Not much you can do.

  3. #3
    Join Date
    Apr 2007
    Location
    Il.(near StL,Mo.)
    Posts
    5,252

    Default Re: How to Get Someone to Pay on a Co-Signed Loan

    Agree, a lawsuit is probably the only option.

    1. Sponsored Links
       

Similar Threads

  1. Loan Agreements: I Signed First Loan Contract for a Car but Dealership Forged My Signature on New Loan
    By kss421 in forum Cars and Dealerships
    Replies: 8
    Last Post: 07-27-2011, 09:16 PM
  2. Student Loans: Co-Signed for Son and Daughter-in-Law and Now They Won't Pay the Loan
    By Chell19969 in forum Debts and Collections
    Replies: 2
    Last Post: 01-28-2011, 09:13 AM
  3. How to Get Out of Car Loan Where I Co-Signed
    By vbalmer in forum Cars and Dealerships
    Replies: 4
    Last Post: 11-01-2010, 05:08 PM
  4. Student Loans: I Co-Signed For A Student Loan
    By jack-o-trades in forum Debts and Collections
    Replies: 1
    Last Post: 03-14-2008, 06:22 AM
  5. Repossession: Co-Signed Car Loan
    By mustsee in forum Cars and Dealerships
    Replies: 4
    Last Post: 01-29-2007, 08:53 PM
 
 
Sponsored Links

Legal Help, Information and Resources