Suspira44
Jun 1, 2008, 10:25 PM
Well, I committed the cardinal sin of trying to help someone, a friend who was in desperate need of a car and needed a co-signer. I am in no position to co-sign, but I asked my boss, who is also a very good friend (still is - somehow) to co-sign. She did. It was a four or five-year loan. Anyway, after four years, my now ex-friend stopped paying, refused to turn the car in, and of course, they were going after my boss. Fortunately for me she was out of the country or I'd be dead now. The car was repossessed, and the final bill came to $7,500. I broke my IRA and paid it. Now I'd like some of the money back.
I know small claims has a cap, but here's my question. I can file in small claims for some of it and hopefully get a judgment if I show I paid the money - but this woman isn't going to pay me. So what are the options to collect? Can the court do anything besides further ruining her credit?
I know small claims has a cap, but here's my question. I can file in small claims for some of it and hopefully get a judgment if I show I paid the money - but this woman isn't going to pay me. So what are the options to collect? Can the court do anything besides further ruining her credit?