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Suing someone if they failed to pay for a personal loan that was in my name?

It will be easy to sue them if you had it in writing that they were responsible for the loan. If not, it will be difficult to prove since the loan is in your name.


How can a cosigner get out of a bad personal loan left to him?

The best and the easiest way to get out of a loan is to PAY IT OFF ! You signed that you would be responsible for the debt !!!!!!


Does a spouse need to sign a loan modification if separated in GA?

If responsible for the loan- yes.If responsible for the loan- yes.If responsible for the loan- yes.If responsible for the loan- yes.


Are spouses responsible for employee loans after their death?

In most cases a waiver has to be signed that states the spouse will not be responsible. This is especially true for credit cards. If you have signed a statement in contract that states in case of death... it depends on what it states; responsible or not responsible, again it is all in the fine print. There may be a waiver on a loan if the spouse had no knowledge of said loan if loan was signed into being prior to a wedding date.


Can you be responsible for a loan that was given to your father before his death?

Your father's estate would be, not you personally.


Are you responsible to pay remaining balance of car loan after spouse death even if your name was not on bank loan note and no estate was left?

No if you send a copy af the death certifact to the loan company they should should stop collecting on it .


What is the statute of limitations on a personal loan to a friend?

There is no STATUTE of limitations on any loan. You will always be responsible for paying it back. Statutes of limitations is only for laws.


Is the suriving spouse responsible for her husband's car loan if she is not on the loan?

I live in Illinois and when my spouse passed away 7/31/08 I was not responsible. I just called them showed them the death certificate and had them pick it up.


What is a cosigner service for a personal loan and how can it help me secure a loan?

A cosigner service for a personal loan is when someone with a good credit history agrees to be responsible for the loan if the borrower is unable to make payments. This can help you secure a loan by providing the lender with additional assurance that the loan will be repaid, especially if you have a limited credit history or poor credit score.


What happens if you take a personal loan out from a family member and they pay the loan off through the banking institution are you still responsible to pay off loan?

The question doesn't make sense. If your family member gave you a loan, what "banking institution" was involved? Why did the person you took a loan out from have to pay off anything?If you took out a loan, yes you're responsible for paying it back.


Is the spouse responsible for the car loan?

In general, if the spouse's name is on the car loan agreement, they are responsible for the loan. If the loan is in one spouse's name only, that spouse is solely responsible for the loan.


Do you have to pay a personal loan off if the person dies?

The estate of the person who dies is responsible for paying off the debt.