June 18th, 2009 by Questions
How long can you be held to a co-signed loan if the bank and borrower make changes to the loan after 7 years or so without your consent because the borrower has never repaid it. Now after appx 11 years I find out my name is still on this loan and the changes were made while I lived outside the country for 6+ years so I never signed the second set of papers. The borrower is declaring bankruptcy with this loan still at the orginal amount because they changed it to a line of credit without me signing. How can I still be held to this if I I did not sign for the changes?
Posted from: Alberta