I would like to ask for legal advice regarding my husband's case.When we're not yet married (2003),my husband had a friend that asked him to sign his loan application to a lending company.At first my husband refused because he was afraid that he might be involve incase his friend couldn't pay.But his friend just said that it was just a proof that he was working in the same company and it was just an application and not yet granted.He was not knowledgeble that time about this thing because he was still young and it was his first work,so he signed it.His friend said they will interview him but it did not happen.
After a month,his friend told him that he received his loan already...He tempted my husband to lend money from this lending company but my husband did not because he didn't like it...After a 2 and 3 years the collector on that company went on our house and asked about this guy because he failed to pay his obligation,he closes the ATM account and they couldn't collect his payment. The collector asked us to find him,so my husband asked our fellow co workers about him. We told the collector about the information we got.The last time the collector went to our place,he said that he didnt find this guy,so my husband was worried. He asked the collector if they will force him to pay? The collector said they can't but they will submit his name to any credit company and mark as black listed,he also said that my husband can't go abroad because they will inform the DFA.In years after that,we did not heard about it and collector never went to our place anymore,until last may 30,2015 my husband received a notice informing that his friend loaned amount as of april reaches almost 94k from the balance of 10k because of the 5% monthly interest.We are very worried because we are just a production operator who earn less and have so much to pay for the needs of our family.My questions are : Is my husband is legally called co maker even if he is not present upon the approval and releasing of the said loan and didn't have an interview as what his friend said ?Can this company has right to hold my husband incase he applies abroad?Do we have right to refuse if they will ask us to pay for it ? We called the lending company and asked for a copy of the lending agreement where my husband signed it, if we can have a copy or atleast check and see what's in the agreement but the lending company said they can't let us have a copy nor see it because it is confidential, can we force or do we have the right to have a copy or see the agreement since my husband was part of it? When my husband get his retirement pay,can this lending company get his retirement pay without his approval and knowledge? We even asked the company if we can just pay for the principal amount but they said no. Last day I met the wife of this guy and she gave me the address where her husband is,and she said he had a work.What shall we do?
Please help me to clear this things?Thank you for the time and more power.
God bless you.
Pasensya na if may mali sa Grammar ko, I have a hard time speaking tagalog kasi.