Hi,
I was the cosigner of a student loan,Now if my friend(so called)does not repay the loan regularly.it will affect me as cosigner.
What should I do?

1.Should I pay the installment in every month to keep my credit history unaffected?If so how should i approach to get back from her?
2.By doing that I have to sue her every year to get back the amount i pay from my pocket or there will be a permanent settlement by court?

3.How should i proceed?by a collection agent or court?