Thursday, February 27, 2014

I put a car in my name for a friend.,That put the down payment on the car. They lost there job and felt like I should have paid the note cau...

Question

I put a car in my name for a friend.,That put the down payment on the car. They lost there job and felt like I should have paid the note cause I said I would.. Now they want to sue me for the car... Can they sue me?



Answer

You screwed up and unfortunately you don't know to tell us the important details. Who signed the note to pay for the car? That is who is responsible to the lender. Beyond that, since both of you likely violated a couple of laws with that scheme it probably is not a good idea for either of you to sue. Can the other person sue? Of course. Anyone can sue for anything.



Answer

If you signed the note, you participated in a fraud on the lender, and if you signed the note, you're liable. Quietly pay the entire car loan, and learn from this unfixable mistake, for which potentially you and your friend could have been prosecuted.



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