co-signed took my stuff

[mamabear]

a friend co-signed a loan for me, I moved out of state and they took some of my belongings to hold as collateral for the loan. Stuff I need for work! which I had to replace. The first payment was due end of jan. I paid it two weeks early. They paid it off without consulting me. I sent them a check for the balance, less the cost of my stuff at fair market value. I'll pay them the rest when they return my stuff at their expense. Am I within my rights to do so? There was no agreement made for them to take my stuff as collateral so I feel it was basicly theft.

 

[Chas C]

Sounds about right, although they will say that was the deal. You could report the friend to the police, but let's face it.

If they were your friends, and only a friendf would sign for you, what has happened since to cause this rift? Something is missing from the stroy ----

 

[mamabear]

Only thing missing is that they found out via a third party that I was moving before I told them. That's why they decided to hold my stuff, they assumed I wouldn't pay when I moved. I always pay my dues, so I don't know why they assumed the worst, they trusted me enough to sign the loan they should have trusted me enough to pay it, moving or not. <BLOCKQUOTE><font size="1" face="Verdana, Arial">quote:</font><HR>Originally posted by Chas C:
Sounds about right, although they will say that was the deal. You could report the friend to the police, but let's face it.

If they were your friends, and only a friendf would sign for you, what has happened since to cause this rift? Something is missing from the stroy ----<HR></BLOCKQUOTE>