co-signer`s release from judgement
April 8th, 2009 by Questions
I co-signed a loan (about $14,000) in 1997 for a relative. I have since left the city, changed address and phone number. The person in question declared bankruptcy in 2003 and has now been cleared from that. Recently I inquired from my credit card company about my credit and was told that it was very good, however I had a judgement against me from 2003, no doubt from the relative`s bankruptcy. I never saw a cent of that loan however I now have a judgement against me. The creditor probably tried to contact me however was clearly unable because I had moved. I have a mark on my credit from Transunion that should be expunged after 7 years, which brings this to 2010. I am currently seeking employment with the Fed. Govt. and am concerned that this may affect my ability to get employment. Am I correct to be worried?
Posted from: Quebec