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advice regarding cosigned loan verbal agreement in Florida

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  • advice regarding cosigned loan verbal agreement in Florida

    I helped a friend by cosigning a student loan about a year ago. The agreement was I would cosign, but he get the loan consolidated and remove me as cosigner.

    He has not returned my calls in more than 3 months, not responded to emails, etc., etc. And he moved (he lives in Tallahassee, I live in Tampa). I know where he works, I just have to find out what branch, otherwise I have no idea where he is or how to contact him.

    I just arrived home from out of state last weekend and had a delinquency notice from the Collections department regarding his loan being past due. When I called, they wouldn't talk to me (which I was irate about because technically I am on the loan).

    I am paying what is owed tomorrow, but my question is, is there any way I can legally "make" him remove me as cosigner. I am pretty sure the Florida Statue of Limitations for verbal agreements is 4 years, or is this wrong?

    Thank you to anyone who responds to this

  • #2
    Re: advice regarding cosigned loan verbal agreement in Florida

    You have to have the lender agree or pay it off; but you can sue the co-signer in small claims

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