Missouri  |  Credit and Debt Law

Legal Question

Asked on: 3/20/13, 6:15 pm

I cosigned a car loan for my daughter. It was repossessed. My husband has a savings account for our profit we make on our farm from the sell of cows. My name was added on that account in case something were to ever happen to him. All of the sudden with no warning the bank withdrew $17,000.00 from my husbands account! That was more than the loan, they didnt deduct the $6,400.00 they sold the vehicle for and I was the cosigner. Not my husband. He put all the money into that account over a 6 year period and had nothing to do with that loan. Is there anything that protects him?

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