Q: OH-I signed & Owe $3000 debt from my ex's bike. He signed & notarized a doc assuming the debt. Is this document legal?
I financed this bike using 2 separate financial agencies. One agency was paid off, the second the bike went to repo. While I was out of the country, my ex. stopped paying the motorbike payments in 2010. A third party company purchased the debt in 2014 and are now contacting me. My ex did sign and notarize a document stating that the motorbike debt was his. Can I use this document as evidence to transfer the debt out of my name.
A: The signed/notarized agreement with your ex might allow you to collect from him, but it has no effect on your debt to the finance company. They can collect that from you. Then it is up to you to try to collect from him.
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