What are my rights as a co-signer if the person I co-signed for rarely makes payments?

What are my rights as a co-signer if the person I co-signed for rarely makes payments?

The primary person on a loan rarely makes payments. We had a verbal agreement that he would repay any amount that I had to make. I have now made $2000 in payments and he has only given me $2,000 in 3 years. There is $8,000 left on the loan.

Asked on February 25, 2012 under Bankruptcy Law, Missouri

Answers:

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