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Loan guarantee problem

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jesdreamer

Junior Member
In Gulliford county North Carolina --
Landlord signed for loan (from a 3rd party) at dentist office to enable emergency dental work needed by tenant who verbally agreed to make all payments. After several payments, tenant moved out and quit making payments at around $2000 balance. Landlord got notice from the 3rd party after a couple months of no payments. How can Landlord escape this debt??
 


Silverplum

Senior Member
In Gulliford county North Carolina --
Landlord signed for loan (from a 3rd party) at dentist office to enable emergency dental work needed by tenant who verbally agreed to make all payments. After several payments, tenant moved out and quit making payments at around $2000 balance. Landlord got notice from the 3rd party after a couple months of no payments. How can Landlord escape this debt??
Pay the dentist and sue the former tenant. https://www.legalaidnc.org/Public/learn/publications/Small_Claims_Court/default.aspx
 

jesdreamer

Junior Member
This is the same Landlord/Tenant as in the Sears credit card thread. Landlord is a rather vulnerable single mom living hand to mouth -- could there be a more creative way in the dental loan situation than to pay and sue?? (she just doesn't have the funds). Feasible to get the debt transferred in some way?? Might the dentist agree as to who got the dental work & should really be the responsible one, etc, etc?? (Not likely since he washed his hands of the financial side by using a 3rd party loan shark in the first place).
 

Silverplum

Senior Member
This is the same Landlord/Tenant as in the Sears credit card thread. Landlord is a rather vulnerable single mom living hand to mouth -- could there be a more creative way in the dental loan situation than to pay and sue?? (she just doesn't have the funds). Feasible to get the debt transferred in some way?? Might the dentist agree as to who got the dental work & should really be the responsible one, etc, etc?? (Not likely since he washed his hands of the financial side by using a 3rd party loan shark in the first place).
We do "legal answers," not "creative" ones.
 

tranquility

Senior Member
This is the same Landlord/Tenant as in the Sears credit card thread. Landlord is a rather vulnerable single mom living hand to mouth -- could there be a more creative way in the dental loan situation than to pay and sue?? (she just doesn't have the funds). Feasible to get the debt transferred in some way?? Might the dentist agree as to who got the dental work & should really be the responsible one, etc, etc?? (Not likely since he washed his hands of the financial side by using a 3rd party loan shark in the first place).
No. She guaranteed payment on a debt that is unpaid. Sue for indemnification (after paying the bill) is the only option other than negotiation with the holder of the debt.
 

Zigner

Senior Member, Non-Attorney
This is the same Landlord/Tenant as in the Sears credit card thread. Landlord is a rather vulnerable single mom living hand to mouth -- could there be a more creative way in the dental loan situation than to pay and sue?? (she just doesn't have the funds). Feasible to get the debt transferred in some way?? Might the dentist agree as to who got the dental work & should really be the responsible one, etc, etc?? (Not likely since he washed his hands of the financial side by using a 3rd party loan shark in the first place).
"3rd party loan shark"?

What, exactly, do you mean?
 

Eekamouse

Senior Member
This is the same Landlord/Tenant as in the Sears credit card thread. Landlord is a rather vulnerable single mom living hand to mouth -- could there be a more creative way in the dental loan situation than to pay and sue?? (she just doesn't have the funds). Feasible to get the debt transferred in some way?? Might the dentist agree as to who got the dental work & should really be the responsible one, etc, etc?? (Not likely since he washed his hands of the financial side by using a 3rd party loan shark in the first place).
The dentist is using a 3rd party loan shark? Is that how you view it? Is the dentist wrong to expect payment for his services?
 

Zigner

Senior Member, Non-Attorney
The dentist is using a 3rd party loan shark? Is that how you view it? Is the dentist wrong to expect payment for his services?
I am thinking that the daughter of the OP co-signed for a Carecredit account. Carecredit has a fairly high interest rate, but it is hardly a "loan shark".
 

LdiJ

Senior Member
This is the same Landlord/Tenant as in the Sears credit card thread. Landlord is a rather vulnerable single mom living hand to mouth -- could there be a more creative way in the dental loan situation than to pay and sue?? (she just doesn't have the funds). Feasible to get the debt transferred in some way?? Might the dentist agree as to who got the dental work & should really be the responsible one, etc, etc?? (Not likely since he washed his hands of the financial side by using a 3rd party loan shark in the first place).
Look dad, I understand that you want to help your daughter, any parent would. However, you won't be giving her any valid help unless the people answering the questions have the whole story. She obviously got "taken" by a user. Whether or not she can do anything about it other than what you have already been advised depends on information that you do not have. Have her sign up and post herself.
 

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