Tag Archives: co-sign
- Can Sallie Mae Garnish My Social Security? – Pam
“Dear Steve, I have no taxable income I receive VA compensation for being 100% disabled and Social Security can these benefits be garnished for the debt, and if so once my benefits are garnished am i stuck paying forever and this kid gets away scott free? Do I have any options, like suing him or [...]
- I Co-Signed a Sallie Mae School Tuition Loan for a Friend But They Say They Can’t Pay. – Vincent
Hi, i co-signed a school tuition loan from sallie mae about 10 yrs ago for then a close family friend. I recently applied for an apartment and found out he didnt pay anything and it destroyed my credit. This person has a personal buisness and a BMW and only crys poverty when I beg him [...]
- Is It Wise to Sign For a Mortgage For My Parents? – Lisa
“Dear Steve, Married, mid-30′s and working to manage our credit and stay out of debt. I wanted to know if it is wise to sign a mortgage loan for parents. Recently, there has been a request to do so and I have a feeling in the pit of my stomach that it would not be [...]
- Will My Friend that Cosigned for My Motorcycle Be Stuck With My Debt When I Go Bankrupt? – Tommy
Tommy “Dear Steve, Currently have two accounts opened with Honda Card Services, financed through GE. On one of the cards I was charged for a motorcycle which later got stolen (No gap, no insurance), and the other card was used for maintenance of the bike (oil changes, etc). Both cards were co-signed with one of [...]
- How Long Will My Son’s Car Loan Hurt My Credit? – Merrilyn
“Dear Steve, I co signed for a GMAc loan for my son and he was late on the payment several times. We have since pd the car off. How long will this hurt MY credit? Merrilyn” The Answer: Dear Merrilyn, A negative entry on a credit report can appear for 7.5 years from the date [...]
- I Cosigned for a Car Loan and that Person Went to Jail. Now I Have to Pay it. – Noname
Noname “Dear Steve, I am in a distressed situation and i dont know what to do about it. I recently lost my job and I have 2 car payments that along with insurance is taking about 600.00 a month and recently a family member that i signed for a car went to jail so now [...]
- My Husband Cosigned for His Mothers Jeep. Guess What? She Defaulted. – Erin
Erin “Dear Steve, OK, here goes. My husband co-signed for his mom on a jeep in 2002 (he was 20). His mom then neglected on the payments and filed bankruptcy in 2005 (not sure weather 7 or 13). The car was repossessed without any contact to my husband (who no longer lived at home) to [...]
- I’m Willing to Co-Sign a Loan to Help Out My Guy. – Lou
Lou “Dear Steve, Asking for my guy. He’s currently about $50,000 in debt between his student loan, car loan, and using his credit card to pay bills while he was out of work. The card is a bit over $6k, car is between $10 and 11k, and the student loan is around $34k. He currently [...]
- I Cosigned on My Wife’s Car But Now I Can’t Get One. – Peter
“Dear Steve, I cosigned on my wifes car so she could get one and now i want to get my own car and cant because i cosigned for her and im not able to get a second car loan for myself, and her credit is not good enough to refinance in her own name, the [...]
- My Sister-In-Law is a Paranoid Schizophrenic With Student Loans We Cosigned For. – Sara
Sara “Dear Steve, My sister-in law has recently been diagnosed with paranoid schizophrenia and is currently locked up in in a mental hospital for the next few months, possibily years at this point. She owes about 6000 in student loans for which she has defaulted on. My husband is a co-signer on her loan so [...]
- My House is Paid Off. My Husband and I Are in Deep Debt. – Debbie
“Dear Steve, My house is paid off and has been for about 14 years. My husband and I are in debt deep. He is not able to work and does not draw disability or anything. He applied once about 2 years ago, was denied and has tried to hold down jobs since but he can’t [...]
- Will They Go After My Son for the Car I Co-Signed For? – Dawn
Dawn “Dear Steve, I co-signed for a car for my son. He wasn’t able to make the payments anymore because the engine blew up on the car. I know I’m responsible as a co-signer and all I can afford to do at this time is to turn it back into them. Is there any protection [...]
- My Father Cosigned for Our Truck. He Doesn’t Know He Owes the Debt. – Jami
“Dear Steve, Hi. We have run into quite a bit of problems. It has been one thing after the other, and some rather bad choices. In 2004, we had a car with a small payment. Only $284 per month. My husband decided that he would like a van for our family since we have 4 [...]
- I Don’t Want The Car In My Driveway, I Can’t Afford, to be Repossessed or Effect My Credit. – Brandy
Brandy “Dear Steve, I signed a car loan for an ex, now he is not paying…What do I do next? In November 2008 my boyfriend of 3 years and I went to a auto dealer. We traded in both are vehicles for a 2005 Jeep Liberty (for him) and a 2004 Nissan Murano (for me). [...]
- My Daughter Took Out Student Loans. I Couldn’t Co-Sign. Her Grandmother Did. Now She Can’t Pay. – Lorrie
Lorrie “Dear Steve, Four years ago my daughter decided to go back to school. She took out student loans through Sallie Mae. I tried to co-sign for her but was turned down… my mother was not. So now we have a problem of course, my daughter has 2 children, no job and the ex-husband doesn’t [...]