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Old 10-11-2007, 04:15 PM
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Default Cosigner of an auto loan responsible??

Is the cosigner of an auto loan responsible for the loan if the loan was refinanced by the buyer without the knowledge or consent of the cosigner?Is the cosigner of an auto loan responsible for the loan if the loan was refinanced by the buyer without the knowledge or consent of the cosigner?The auto loan was refinance, but we (as the co-signers) didn't sign any new paperwork or agree to the refinance. I think our signatures were forged and returned to the company by the buyer, as her address was the primary and all paperwork was mailed to her. The company then refinanced her for another year instead of repoing her car. We had no prior knowledge of the refinanced loan and don't think we should be responsible for the new loan if our signatures were forged.
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Old 10-11-2007, 07:32 PM
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If the co-signer signed it, yes. If not then there is a possible fraud.
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