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I cosigned a loan under false pretenses

1 Answers. Asked on Mar 07th, 2017 on Debtor and Creditor - Florida
More details to this question:
I cosigned a student loan (private through Wells Fargo) for someone whom lied to me about his addiction issues and state of mind. He lied about everything. I never would have agreed to cosign if I was not given false information or false pretenses. I have been paying the loan for the past year as I have too and he was missing and homeless. I have learned through public records that he is employed again and child support is taking his payments out as he has w-2 legal employment. Is there anyway I can fight having to pay it at all due to the false pretenses now that he has a job or at least have an order that he needs to attempt to make his own payments now that he is employed and able? I realize cosigning was a mistake and I am limited, but I only signed due to his lying and falsification to me. He has not assets, but he has employment now and income. I am not sure I picked right legal topic below...
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Answered on Mar 08th, 2017 at 9:07 AM

Nope. It is not the lenders fault you made the decision you did. That is all your responsibility. You made a horribly poor financial choice and now, sadly, you get the rsponsbility of your decisons. 

All responses are NOT to be considered legal advice nor to be relied upon in any as such nor to establish any form of attorney/client relationship. Opinions expressed are solely informational and not a substitute for proper legal advice provided by a properly retained after thoroughly researching the issues presented.

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Just because you owe money to another person, a bank, credit card company, landlord or another party doesn't mean you've signed away your legal rights. Federal and state debtor-creditor laws explain both the legal rights and obligations of debtors (people who owe money) and creditors (those who are owed money). If you're being hounded by collection agencies and debt collectors, talk to a debtor and creditor attorney who can help you enforce your legal rights while also working to explore debt relief options. Your lawyer can discuss the pros and cons of debt settlement, garnishment, personal bankruptcy and other possible solutions.
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