QUESTION? MY WIFE AND I ARE ON A LOAN AT THE BANK FOR A SUV. IN THE SUMMER OF 2001, SHE GOES AN REFINANCES THE LOAN WITHOUT MY SIGNATURE, I AM THE CO-SIGNER, THE BANKS EXPLAINS TO ME THEY DID IT ON HER CREDIT AND NOT MINE. MY QUESTION IS WILL I BE RESPONSIBLE FOR THE PAYMENTS AND CAN I GET OF THE LOAN. THIS HAPPEN IN ALABAMA.
Need Help!!!!!!
- Thread Starter DHAMI
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What do you mean that she refinanced the loan? If you are saying that the old loan was paid off with a new loan, then it would seem that the loan you co-signed may have been paid off by the new loan that was established solely on her own credit. You should be able to verify this.
Hope it clarifies things for you. You will want to verify this but you seem very diligent and may have already done so. 
Similar thing happened to me - in Georgia. Now, Ex-husband did the refinance without my knowledge and when we he didn't make the payment and he tried to "force" me pay under the guise of I'm the "Co-signer" - since I wasn't on the paperwork, I didn't have to pay. Recommend you get a copy of the loan application for further references. Also, order a copy of your credit report and see if you're listed. How did you find out about the refinance?
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