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Can a furniture store use my name again eleven years after a loan as co signer for the same borrower without my knowledge or approval?
Wiki User
∙ 16y ago
Not for a new loan. Your name as co-signer for a loan can only be applied if you signed the original loan document as co-signer. Now, 11 years later if the person you co-signed for the first time tries to open another loan using you as co-signer they will have to get you to sign a loan document again, just like the first time. If you find that you are a co-signer without having signed the document you should ask the furniture store to see the loan document. You may find that your signature has been forged.
Wiki User
∙ 16y ago
Wiki User
∙ 6y agoThe store cannot hold you responsible for a new loan. However, if you co-signed so the person could open a credit account with the store, your name may still be a guarantor on the account. In that case you should contact the store to determine if it still has your name listed on the account.
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Refinance the lending agreement without the person's being a participant.
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Yes.
