Latest Posts
Home > Tag Archives: cosign

Tag Archives: cosign

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 »

Is It Wise to Sign For a Mortgage For My Parents? – Lisa

justball-144x125

“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 a wise financial move for ... Read More »

Will My Friend that Cosigned for My Motorcycle Be Stuck With My Debt When I Go Bankrupt? – Tommy

justball-144x125

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 my close friends and I ... Read More »

I Cosigned for My Daughter’s Student Loans. – Terry

justball-144x125

“Dear Steve, Single mother of 2 adults kids. Work FT. No savings, own a home. I cosigned for my daugher’s student loans. She went to an art school that she thought would give her what she wanted but after a year decided it was not for her. Now she has huge loans and credits are not transferrable unless she went ... Read More »

I Don’t Want to Ruin My Cosigners Credit But I Need Help! – Joe

justball-144x125

“Dear Steve, I hope you can lead me in the right direction. I am in serious debt trouble. I don’t know were to go from here. My debt is out of control with 2 bank loans 5000 a piece, 1 credit card $16,000 which I have a cosign on and have never been late. 2 student loans one 20,000 the ... Read More »

My Children Landed Me in Debt. – Jane

justball-144x125

“Dear Steve, My husband and I have inherited many bills from our children over the last year. One son was in a car accident and was sued by the other party for damages to their vehicle. Since he was under 18 at the time, I had to pay $6000.00 that my husband’s insurance refused to pay, plus our attorney fees. ... Read More »

How Long Will My Son’s Car Loan Hurt My Credit? – Merrilyn

justball-144x125

“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” Don’t miss our free Get Out of Debt – “How To” Guide Series on a number of topics, for loads of practical advice, tips, ... Read More »

I Cosigned for a Car Loan and that Person Went to Jail. Now I Have to Pay it. – Noname

justball-144x125

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 i have that car as ... Read More »

My Husband Cosigned for His Mothers Jeep. Guess What? She Defaulted. – Erin

justball-144x125

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 take over payments or the ... Read More »

My Husband Bought a Truck Two Years Ago. He Can’t Pay For It Anymore. his Father Cosigned. – Brandy

justball-144x125

Brandy “Dear Steve, Almost 2 years ago, my husband bought a truck before we were married for a little over $34,000. His monthly notes are roughly $600 due to his bad credit even though his dad was a co-signer. This was okay until a few days ago when he was laid off and now realizes that there are barely any ... Read More »

I’m Willing to Co-Sign a Loan to Help Out My Guy. – Lou

justball-144x125

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 makes about $30,000 a year ... Read More »

Ten Years Ago I Guaranteed a Loan For a Friend. Now They Are Coming After Me. – John

justball-144x125

“Dear Steve, I’m 65 yrs old. Sold my business in ’98. Have not worked since. Have 2 homes and travel a lot. That about sums it up. Signed a guarantee for a college Friend in 1999 for a business venture. Credit limit $6-8-10,000(??). Never ever used the card; never got a statement or call telling me the credit limit/balance was ... Read More »

I Cosigned on My Wife’s Car But Now I Can’t Get One. – Peter

justball-144x125

“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 dealership said if i can ... Read More »

My Sister-In-Law is a Paranoid Schizophrenic With Student Loans We Cosigned For. – Sara

justball-144x125

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 he is now forced to ... Read More »

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.