I co-signed a credit approval for a friend/coworker and was approved and bought an$18,000 motorcycle. I am having second thought

Asked almost 2 years ago - Bronx, NY

Nov. 24, 2012, I co-signed a purchase of a motorcycle for a friend/co-worker for $18,000. Can I retract my signature?

Attorney answers (3)

  1. Jayson Lutzky


    Contributor Level 20


    Lawyer agrees

    Answered . See a kcal bankruptcy lawyer. Also, see a business lawyer as soon as possible and bring in the contract. Is e other person willing to get another cosigner or will to refinance?

    If this answer is helpful, then please mark the helpful button. If this is the best answer, then please indicate... more
  2. Eric Edward Rothstein

    Contributor Level 20

    Answered . I doubt it. Why would the lender let you off the hook after the motorcycle has been delivered?

    I am a former federal and State prosecutor and now handle criminal defense and personal injury/civil rights cases.... more
  3. Kevin V.K. Crick


    Contributor Level 9

    Answered . Contact a contract attorney in your area as soon as possible, there may be an opt out provision.

    Please do not take my answer to be legal advice that would establish any attorney-client relationship. Please... more

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