Call Us Today for a Free Consultation
Tucson: (520) 745-4429 Mesa/Phoenix: (480) 788-0098
View Menu

Monthly Archives: November 2013

Can A Creditor Come After Me If I Co-Signed For A Loan?

The short answer is yes. I see this situation all the time: parents co-sign loans for their children, family members co-sign for each other, and friends co-sign for friends. Then, when the primary debtor stops paying, the creditor tries to collect from the co-signer. At that point, there are four basic ways for the co-signer to handle the debt: (1) dispute it (e.g. because the debt is too old, or because it is unenforceable for some other reason), (2) try to settle with the creditor, (3) file for bankruptcy, or (4) not do anything. The last option should only be used after careful consideration of all alternatives, and generally only if the co-signer is judgment-proof (meaning the co-signer does not have assets that could be taken by the creditor). Of course, there is also a fifth option—to get the primary debtor to pay the debt—but oftentimes the primary debtor simply does not have the resources to pay. Afterall, the likelihood of non-payment by the primary debtor is probably why the creditor required a co-signer in the first place.

Read More
Posted in Finances and Debt | Leave a comment

Contact Us

Tucson Location
Yusufov Law Firm PLLC
5151 E. Broadway Blvd, Suite 1600
Tucson, AZ 85711

Phone: (520) 745-4429

Mesa/Phoenix Location
Yusufov Law Firm PLLC
2266 South Dobson Road, Suite 200
Mesa, AZ 85202
Phone: (480) 788-0098

Free Consultation

To discuss your financial situation and learn more about your debt relief options, give us a call at (520) 745-4429 or (480) 788-0098 or contact us via our website to schedule a free consultation.

Intake Questionnaire

Already have a consultation scheduled with us? Click below to view and print the intake questionnaire.

Download: PDF DOC

We represent clients throughout Mesa, greater Phoenix area, Tucson, and Southern Arizona, including Maricopa, Pima, Pinal, Santa Cruz, Cochise, Graham, and Greenlee counties.

Disclaimer: Submitting information through this website or via e-mail does not create an attorney-client relationship, and the information submitted will not be confidential, privileged, or otherwise protected. Please do not submit any confidential or sensitive through this website or via e-mail until you have spoken to an attorney from our firm either by telephone or in person.

We are a debt relief agency. We help people file for bankruptcy under the Bankruptcy Code. The material and information contained on these pages and any pages linked to from these pages is intended to provide general information only and not legal advice. You should consult with an attorney licensed to practice in your jurisdiction before relying on any of the information presented here. You are advised that the acts of sending e-mail to or viewing or downloading information from this website does not constitute an attorney-client relationship.

© 2010-14 Yusufov Law Firm PLLC. All Rights Reserved | Disclaimer | Sitemap