As many have adviced here: https://money.stackexchange.com/q/66311/32249 , but no one did so far, I'll ask it over here, as I'm curious aswell:
All I read is "Co-signing is the same level of risk, as giving the loan from your own money." But if it is my own money and I lent the money, I could sue the person if they would not pay as it was negotiated.
Is this given for co-signing aswell? Can I sue someone for the financial damage I took due to co-signing their loan?
Or does this depend on the circumstances making him not able to pay(in which case I would consider this even worse compared to giving the loan by yourself)?
@the comment, notifying me that I can sue anyone for anything: I was assuming it is implying that I'm asking about this beeing appropiate in respect of law. Not that I'm asking about beeing physically able to file it.
If this is widely location dependent, assume it to be as tagged, but a common answer is prefered if possible.