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Co-Signing

Nasty Niece Leaves Aunt Hanging on Sallie Mae Student Loans

Women fighting

“Dear Steve, My wife cosigned on several Sallie Mae loans for her niece. Her neice stopped repaying her loans several years ago and my wife has been paying the interest only since then, which Sallie Mae approved per a phone conversation. They never sent a paper confirmation of the agreement, now they claim she should start paying off principal. When ... Read More »

My Mother Cosigned My Son’s Student Loans. – Becky

White Picket Fence

“Dear Steve, My mother co-signed two private student loans for my son. One with Wells Fargo and one with Sallie Mae. She has now passed away. There is no estate. Will the loaners be willing to renegotiate the loans with my son? He has just graduated and not started making payments yet. Becky” Don’t miss our free Get Out of ... Read More »

Sallie Mae is Coming After My Son After His Co-Signer Passed Away. – Diane

Certain death

“Dear Steve, My father-in-law had co-signed sallie mae student loans for my son approximately seven to ten years ago My son has been paying interst only on these loans of 68,000 dollars. 40,000 dollars is the portion that was co-signed. In April of this year my father-in-law passed away and know sallie mae is telling us that this money is ... Read More »

How Do I Make Nelnet Remove My Father as a Cosigner. – Steve

Rejected stamp

“Dear Steve, I have a private loan through Nelnet with about $24k (from $35k) left. My father is in the process of buying a business and needs me to take him off as a cosigner but when I called Nelnet they would not do this because I was 15 days late on a payment back in 2008. Are there other ... Read More »

I Cosigned for a Private Student Loan and The Loan Has Gone Missing. – Jan

Woman in safari hat looking through binoculars

“Dear Steve, I cosigned a private school loan for someone, and upon being due she defaulted and I have been paying the payment now for about 1 1/2 years each month to the prior loan servicer AES. She never paid a payment, and has recently filed Chapter 13, and when I went into the AES site to make this month’s ... Read More »

Cosigned for Sisters Car. Collection Company Put Bad Debt on My Credit Report. – Harriett

car loan

“Dear Steve, Collection agency have placed a bad debt on my credit report because I co-signed for my sister. I co-signed for a car for my sister. she lost her job and the car was repo, since i have received letters from the collection agency for this debt. During that time I was not aware that if something happen this ... Read More »

An Old Bank of America Loan Has Surfaced And I’m Being Threatened With a Lawsuit. – Nancy

Divorce papers and cash with misc items

“Dear Steve, 56 yrs old getting a divorce, left with much Irs debt from husband have to go back to school to refresh my nursing skills. Selling my house to pay off Irs and morgage and car. Will have to start all over (small apt, work full time ect.) My bank of america loan from many years back was charged ... Read More »

I Co-Signed for a Sallie Mae Student Loan for an Ex-Boyfriend. – Lisa

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“Dear Steve, When I was 18 I co-signed a Sallie Mae loan for my boyfriend. I am now 29 and we broke up about 2 years ago. He has fallen on hard times and stopped paying his loans and they are coming after me for the money. It is damaging my credit and I may need to move back in ... Read More »

Sallie Mae Said They Were Willing to Release Me as a Co-Borrower. – David

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“Dear Steve, I’ve cosigned 3 Sallie Mae loans and had my signature forged on a fourth loan original principal was $32k. Now with interest, penalties, etc. the balance is about $50K. I’ve no idea where the primary borrower is and his mother (an ex-girlfriend) is somewhere in Florida, but not responded to any phone calls, texts, nor emails since May. ... Read More »

I Co-Signed for a Car for an Ex-Girlfriend. Now They Are Coming After Me. – Chase

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“Dear Steve, I co-signed for a car loan for an Ex-girlfriend about a year and a half ago. She has been late on at least 50% of her payments, wrecking havoc on my credit. A point to note is that, though I went in with the intention to co-sign, they made me co owner without me knowing. Looks like I ... Read More »

I Co-Signed for a Car Loan But Now I Need to Get One. – Wanda

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“Dear Steve, In 2011 I co-signed on a loan for my daughter. A few months later her fiance totaled the car. The insurance took care of everything. She was able to get another car, but I also co-signed for this one too. She’s good at making the payments. I have a 2005 Honda Element and the transmission has gone out ... Read More »

We Don’t Make Enough Money to Repay Our Debt. What Do We Do? – Melody

justball-144x125

“Dear Steve, I started out with nothing graduating from a private christian home. However I have accrued a $3,000 or more student loan. The first college I tried going to was a big money racket but i didn’t know that, now I do. I have about a $1,500 credit card debt that is already in collections. I have about a ... Read More »

Sallie Mae is Threatening to Garnish My SSDI Income. – Trudy

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“Dear Steve, A few years ago I co-signed two private student loans for my son through Sallie Mae. I am disabled and receiving SSDI. My son has now defaulted on the loans and Sallie Mae is demanding payment from me. The loan is now with a collector who is threatening judgement. I live in the state of Hawaii. My son ... Read More »

Can I Get My Truck My Father-In-Law Cosigned For In The Divorce? – Daryll

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“Dear Steve, Can I get the truck my father in law co signed for me, now that my wife and i are getting a divorce? Daryll” Don’t miss our free Get Out of Debt – “How To” Guide Series on a number of topics, for loads of practical advice, tips, and help to beat back debt. – Click Here The ... Read More »

My Wife is Getting Garnished for a Federal Student Loan She Cosigned For 23 Years Ago. – Robby

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My wife was married to her ex at the age of 20. It only lasted a year, but during that year she cosigned the joker’s student loans. They are fed loans. My wife is now 43 and with in the last six months they started drafting her paychecks. At first it was a huge amount, to the tune of $300 ... Read More »

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