Legal Question in Wills and Trusts in Georgia

co sign a loan
I co sign a loan for my niece so that she can go to college. The loan is $25,000 and I don't have any documents on the loan. I am now worried if she decides not to pay, the loan company would come after me. She applied in June 2007 and was approved. Now I need to know how I can make sure she will pay for it when the time comes. I live in Georgia and she goes to school in Washington DC. Is there anyway I can get the documents for the loan and if there is any legal action I could take if the above situation happens. Also if I get her to sign a promissory on the loan amount will it be acceptable legally.

Asked on 10/10/07, 7:03 pm

Glen Ashman Ashman Law Office also dba Glen Ashman Attorney

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Re: co sign a loan

When you cosign a loan, it means they can come after you if she does not pay. Nothing can change that.

Answered on 10/10/07, 7:41 pm

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