Georgia  |  Credit and Debt Law

Legal Question

Asked on: 9/19/13, 2:27 pm

I live in Georgia and recently co-signed on a loan for a motorcycle. The person I co-signed with has been missing the paymenys and the loan company is comming to me for the payment, which is expected. When I spoke with a represenative they told me that I am only on the loan not the title, therefore if he does not make the payment I am responsible for making it,but according to the loan company since I am not on the title I cannot be in possession of the motorcycle even if I am making the payment. Is there any way I can get out of th loan or gain possession of the bike? I do not want a repossession on my credit.

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