Mesa, AZ asked in Consumer Law, Estate Planning, Collections and Small Claims for Arizona

Q: Is a loan company supposed to pursue the executive of state of a deceased person before pursuing co-signer.

Loan company was paid 19k from insurance. Deceased person left remaining balance of 1k due to late payments. Company asked for death certificate to pursue the executive of state but insist that I am liable for the remaining balance.

1 Lawyer Answer
Andre L. Pennington
Andre L. Pennington
  • Estate Planning Lawyer
  • Surprise, AZ
  • Licensed in Arizona

A: There are 2 areas of law here. If you co-signed for the loan, you are jointly and severally liable, which means they can come after you, as well as affect your credit score. Sorry for the bad news.

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