co-sign responsibility

Status
Not open for further replies.

elyod72

New Member
My wife co-signed on a loan for my mother-in-law for veterinary work to be performed on my mother-in-law's cat.

The total bill came to over $4,000.

My mother-in-law is refusing to pay any portion of the bill as she feels she was wronged when the cat died. My wife and I think she has no basis for this claim since the complications from the care the cat received did not ultimately cause it's death. Therefore, we think it is my mother-in-laws responsibility to pay this debt and not ours.

How much responsibility does my wife and I have for repayment of this debt?
My wife's credit rating has already been ruined because of this.
What further action can they take against us if we do not repay the debt?
 
She is 100% responsible for the debt. If she signed on the dotted line she is just as responsible as your mother in law
 
Status
Not open for further replies.

Ask a Question

Back
Top