vehicle loan defaulted on, I'm cosigner

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Savannah111

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Hello, I started a non-profit last Jan. 08. A 'friend' of mine volunteered to sponsor a vehicle for the non-profit. He immediately went out and bought another car after signing for the vehicle for the non-profit. Apparently he had more in mind and when I rejected his advances he started deafulting on the payments. What do I do please??? The dealership had me co-sign. Thank you for your time!!! I live in Raleigh, NC.
 
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