Can a collection agency sue a co-signer on a credit card even if the main signer is alive?

Yes, the primary borrower and the cosigner are both equally and legally responsible for repaying the debt in question A creditor/collector will take legal action against the party which they believe they are most likely to be successful in collecting monies owed For example, if the cosigner is currently employed and the primary borrower is not, the creditor might "go after" the cosigner in the hopes of obtaining a judgment that can be executed as a wage garnishment.

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