The question is do you have valid grounds to win a lawsuit? The charge of harassment is very subjective. The FDCPA does not apply to original creditors. The majority however adhere to the regulations because it is good business practice. If you sue and lose, you end up with more expense added to the original debt. Be that as it may, you can contact and attorney who specializes in creditor and debtor issues. Most offer free consultation or at a minimal fee. Or you can contact the clerk of the circuit/civil court of jurisdiction for procedural information.
The actions of the credit card company do not constitute harassment if it is pursuing you for payment on a debt that you co-signed for. When you co-signed the contract you agreed to be responsible for paying the debt if the primary borrower failed to pay.
The credit card company has the right to sue you. You are not being harassed. You need to pay up because the debt will continue to grow the longer you wait.
Oh yes it does. That person put their credit on the line when they signed the contract making me a cosigner.
That is why the cosigner is there. To back up the contract if you bail.
A cosigner cannot simply remove their name from the contract. The cosigner is obligated equally with the primary borrower until the loan is paid. A cosigner's credit history will be affected, hopefully in a positive way.
The contract cannot be changed without refinancing, your cosighner is stuck with it unless the loan is paid off one way or another.
The way it may impact on the credit report depends on if the person pays the rent as agreed. It will also play a part in the cosigner's DTI. Usually the only way of being removed as a cosigner is if the agreement is reaffirmed by the primary holder and the lender. In the instance of rental agreements, a cosigner can sometimes be relieved of obligation if there is a breach of contract. For example, if the person moves someone not on the original rental contract into the apartment.
no...only two parties are required to make a contract, a cosigner is only required in special cases.
No, one can not remove a cosigner from any contract after 6 months. The cosigner will have to stay on the contract until the contract is paid.
Yes, you can rework the contract under only one name. Ask the dealer to rework the deal as long as the cosigner can qualify by themselves.
An auto cosigner, in the state of Indiana, has to meet all of the requirements of the contract. In most cases the cosigner has the same obligations as the primary signer.
Oh yes it does. That person put their credit on the line when they signed the contract making me a cosigner.
According to the law, a cosigner signs for someone else that they think might not pay off the load. The cosigner signs a contract agreeing to pay the loan off if the other person does not. He can be solely responsible becase he signs a contract promising to do so.
untill its paid off * The other option is for the primary borrower to have the loan refinanced without the participation of the original cosigner.
The cosigner must be present at the time the contract is signed. Before a cosigner is accepted by the lender him or her must meet the lender's requirements which will include a check of their complete credit history, employment status, etc.
That is why the cosigner is there. To back up the contract if you bail.
None. A cosigner is entering into a legally binding contract to repay the debt if the primary borrower defaults on the lending agreement. The cosigner does not have any other obligation nor ownership rights to the property.
The cosigner did not have a contract with the primary borrower, only with the lender; that being the case the cosigner would sue for his or her financial losses not for a breach of contract.
No, you have a contract and the only way to change it is for both parties to agree to the change.