davidmi711
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Ok, first things first, what you did was VERY unwise. You borrowed money for your cousin and made no legal requirement on him to pay anything. The only thing you can do without getting sued is to make payments to the bank and makeup the past due balance. Hopefully you will learn from this experience.
You have a loan with the bank that you applied for and signed a contract with. The bank is not required to verify that you have a license to give you a loan. There is no requirement about where the documents can be signed.
You could possibly sue your cousin, however since you don't have any written contract with him, it will be difficult. Maybe he will just give you the car. |
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skinny
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yes u can sue a bank but expect to spend alot of money more than the cars worth its not a smart choice |
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elderkesler
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legally, you took co-responsibility with your cousin for the car loan. If he defaults, you are the next one held responsible. sounds like you should have made a better judgement call. these situations are alwasy risky, and it will definitely effect your credit and your future. All you can do is get your cousin to pay the loan, or you must pay it yourself. Good luck. |
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johnny_amato
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Nothing you can do... Since you signed it, you're bound by the terms of the contract... Sorry... |
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dd
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of course you can |
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jadedheart
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no, not in this case anyway. You signed the paper, therefore are legally required to pay this. Sue the cousin, but since he/she has no $ will not do much good. |
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Fast Chick
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Speak to your local citizens advice ASAP and then speak to the bank - don't just ignore it, It can cause you major probs in future. |
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thylawyer
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You should honor your contract. You did not make your reservations known to the bank when you signed them, so they can't be held to know you really thought it wouldn't be approved.
If you cannot, there is always bankruptcy. |
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grateful6979
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well you helped your cousin commit a crime. i don't think you can sue someone for that. its you fault anyway, you never lie on goverment documents! of course you will be caught! |
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jmminnc
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NO you can not sue your cousin yes but not the bank. You knew and let him get the car in your name your a sucker. Go get the car it is in your name any way and PAY the bank. |
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Opus
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You (co-)signed the loan papers. You HAVE to make the payment, if your cousin doesn't. You could try to go to court, but you'd lose. This situation comes up all the time and unless your cousin defrauded you, you HAVE TO PAY. Sorry. |
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Fairy Codswallop
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If it's all legally done, the forms you signed were legal and everything then you can sue, but won't get anywhere, If however it was illegally done, then you have more chance of suing.
I'm afraid to say though, this looks like it was your fault, so don't hold out too much hope. |
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nighthawk
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How old are you? If you were a minor when you signed the papers you may have an out. I can't see how they approved the loan though if you you weren't of age or employed gainfully.
I think the best option for you is to see a lawyer on consultation. I don't really see it not costing you somehow. Where is the vehicle? If it is your loan, your name should be on the title to the car. I would think this is mandatory for any financial institution.
It sounds like you have really gotten yourself into a can of worms. Maybe the best you can hope for out of all this is a cheap lesson in trust and accountability.
You need to share more details with someone qualified to help you in this matter. Good luck. |
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cutienoz
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No way out of this one Dude,, unless your cousin refinances the car... And last but not least, if that car is repossessed, it will be on your credit record as well. |
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yes_its_me
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You cannot sue a bank for your own stupidity and your cousins deceit. You are liable for the loan. Go get the car and sell it and then if there is anything still owed make payments and admit to the bank what happened. |
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♫ ♪♫ ♪ Queen_Of_Music♫ ♪♫ ♪
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of course you can id sue them someone did dat 2 me |
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wordnerd27x
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Sounds like you took out a loan for your cousin. You should be suing him, not the bank. There's probably not a lot you could do, unless you were willing to lie and accuse your cousin of fraud. |
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trebs
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Methinks my friend that the bank can most likely sue you. |
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Mike is me
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i suggest suing your cousin who defualted on the agreement you set up at the bus stop. if you signed legal documentaiton then you gave permission right there. It might look bad on your credit report but dont be afraid of letting them repo the car, that might send a message to your cousin that your not there to pick up the slack |
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Addie B
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pay the note .If he dont pay you back go get the car its yours.
nothing else you can do since what you did is a crime and you can go to jail for it. |
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fiendforever31
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go for it! |
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massiveandlarge
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irrespect of the fact that you signed, it at a bus stop dosn`t make any difference, you where aware of it; and allowed it to go through.Your to blame, you silly plonker. |
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