Hi all!
I am in a similar position. My brother left the country after graduation (about two years ago) and has not cared much about his loan. I forgot that I was the co-signer on the loan. The CA called me yesterday and said I was the co-signer and I am responsible.
I do not have a lot of experience with dealing with CAs. I immidiately asked them to show me proof that I was the co-signer and they said that they will do that within couple days. In the mean time,
a.) I don't think that CA has reported to CRAs yet. What steps can I take to ensure that that stays this way?
b.) How can I bypass CA and go back to dealing with OC and try to come up with a plan to pay off the debt? I was never given a chance from OC, they have never contacted me about the loan. Now I am being reminded by CA that I was the co-signer. When I asked the CA on the phone, they said that I cannot go back to dealing with OC, they would not talk to me. How accurate is this? Would sending a cease&desist letter keep them from reporting to CRA?
c.) I am planning to hire a lawyer. Consumer attorneys are the right people to talk to in this case?
Any insight/recommendation greatly appreciated.
Thanks,
 |