Hi any help would be much grateful ive known this person since he was young mother has passed so ive kept my promise to my friend/mother of this young man i would help if i could he was put in jail hes not a really bad kid more like wrong place yes he could have fixed that problem iam on SSI car accident blessed to be alive he was put in jail for something i co sighed him to get out with the promise he would pay the bail bond man told me he was good about that i told him i was on SSI and was worried he sounded like this young man would make good of this and he hasent iam not able to give the amount there asking for would they if you know accept a small monthly payment thanks ever so much i feel the tears coming so i have to stop writeing all the best Happy & Safe Holiday thanks
2007-11-29 17:46:44 · 10 answers · asked by bonniesa@sbcglobal.net 2 in Politics & Government ➔ Law & Ethics
Agreeing to be a co-signer is a suckers bet and a financial mistake!
If nothing else hopefully, you have learned a valuable lesson.
As co-signer you promise the lender to repay debt in the event the borrower defaults without exception for any reason.
2007-11-29 17:56:59 · answer #1 · answered by Anonymous · 0⤊ 2⤋
I'm so sorry you're going through this. You sound like a jewel. You would be responsible for it if you co-signed but since all you receive is SSI, I don't think there is much anyone can do to make you pay.
By the way, I know you say he is a good person. I'm sure he probably is but what he is doing is wrong and you really should at least say something to him. I would not help him anymore unless he pays you back and mends his ways.
2007-11-29 18:31:00 · answer #2 · answered by Cindy 1 · 0⤊ 0⤋
Hmm, I'm surprised that SSI qualified you as a cosigner. And I wonder if the bails bond man is just using scare tactics now. Saves them the work looking for him. Which they would have to do otherwise in order to get their money back. Call your local legal aid office to find out if they can garnish SSI, but I doubt it and don't let those guys harass you. Most of them are crooks anyways. I admire you trying to keep your promise to your friend, but now you might help the kid more by helping him learn his lesson and spending some time in jail.
2007-11-29 18:10:25 · answer #3 · answered by sabina-2004@sbcglobal.net 4 · 1⤊ 0⤋
If he doesn't appear, you have to pay the amount you promised. I don't know if they will take payments or not but you have to ask. This is the problem with signing for someone. I'm so sorry that you're going through this and pray that you'll be able to fix this problem. Perhaps someone can turn him in. Check all your options and see if the courts can assist you.
2007-11-29 17:53:45 · answer #4 · answered by CUrias 5 · 0⤊ 0⤋
I understand your desire to help this young man, but if you really want to help him, don't enable him. He has now gone back on his word to you. You clearly do not have the financial resources to help him in this way, or probably any other considering your limited means.
It may suck to hear this, but you need to see if you can have your name removed from the bond. It will mean that a warrant will be issued for his arrest, and he will have to make amends in whatever way the court sees fit. He is an inconsiderate child for putting you in this type of position. It saddens me that he doesn't have more respect or concern for you than this. He needs to be responsible for his own mistakes. You do not need to be, and you don't need to feel badly about doing what you NEED to do.
Hope you do what needs to be done. Good luck.
2007-11-29 18:07:55 · answer #5 · answered by class act 4 · 0⤊ 0⤋
Sorry for the problems..... but.... if SSI is all you receive, and you can not pay, the the bondsman is just out the money.
SS and SSI can not be garnished for bills or other such debts.
All he can do, is go after the guy mentioned.
2007-11-29 17:53:22 · answer #6 · answered by Ronnie j 4 · 1⤊ 0⤋
I think since you signed it, it's your debt. You might want to ask a lawyer, though. Think of the poor bail bondsman. He's gotta pay the government. They don't take excuses.
You should have tough-loved him. Jail would have been better.
2007-11-29 17:56:22 · answer #7 · answered by Firebird 7 · 0⤊ 0⤋
As far as I am aware, cosigning a note says that you agree to pay the debt in full in the event the original debtor defaults.
2007-11-29 17:51:16 · answer #8 · answered by Anonymous · 1⤊ 0⤋
Pull your promise to pay and have the punk thrown in jail until his trial.
2007-11-29 22:59:33 · answer #9 · answered by Gray Wanderer 7 · 1⤊ 0⤋
hope you learned your listen. you well have to pay and if you put your house up your on the streets.
2007-11-29 17:57:31 · answer #10 · answered by Anonymous · 0⤊ 2⤋