In 2005, I cosigned for a friend on a student loan. I recently found out that she has not made a payment for over 3yrs. I contacted the law firm who is handling the process. In August of this year, I find out that my friend signed my name on an agreement document through this law firm which I knew nothing about because as far as I knew, the loan was already paid off.
Do I have any case against my friend for the recent matters regarding this agreement which she has not maintained?
Answer
Yes, you could sue your friend for fraud. But, if she can't pay the student loan, does she have any money for you to go after. You may also have defense against the apparent lawsuit (i.e., you did not sign the agreement).
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