Legal Question in Credit and Debt Law in California

Credit Card Troubles

I found out I was still a Co-applicant on a old credit card with a friend from college. Back in 1999 we called and had me removed form the card. Now the Credit Card co. says I am still a co-app. responsible for a large debt. I had never received any knowledge of this account being active for me until now. What options do I have, this is killing my good credit. I also, am tired of their Threats. If my friend declares a Bank Ruptsy, am I still held liable?


Asked on 2/11/03, 5:37 pm

1 Answer from Attorneys
Robert Miller Robert L. Miller & Associates, A Law Corporation

Re: Credit Card Troubles

Thanks for your posting.

If you received confirmation in writing, or there was an agreement in writing to remove you as a co-signer on the debt, then you can use that to challenge the negative information on your credit report, or sue for damages, if need be.

If your friend declares bankruptcy, then the credit card company (or its agent, such as a collections agency), cannot go after your friend, but can still after you for the full amount of the debt.

Your only options at this point are to prove with some document that you were removed, negotiate with them to pay off the debt, or declare bankruptcy yourself.

I hope that this information helps, but if you have other questions, need more information, or feel that you need legal representation, please feel free to contact me directly at [email protected]. I�m happy to help if I can.

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Answered on 2/11/03, 5:50 pm


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