Tag Archives: cosignor

I Guaranteed a Loan for Another Business. Will They Come After Me? – Vernal

“Dear Steve, Self-employed, Signed on some loans for another person’s business, that person is not paying. Now they are coming after me and have put a lien on my property. And another loan, they got a judgement and zeroed out our bank accounts, have no money. everyone is coming after me. I own 2 pieces [...]

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 [...]

Should I Pay Off a Loan I Cosigned For And Not Let It Go Into Bankruptcy. – Victoria

Victoria “Dear Steve, I co-signed a loan through a credit card company for a friend to open a business. I have already renegotiated the rate down to 4%. I did it in my friend’s name. She has other debts related to the business and wants to go bankrupt. I do not want my credit affected [...]

I Put a Friends Car in My Name That Cost $67,000. – Anita

Anita “Dear Steve, I’m about 20K in credit card debt. I owe about 142K still on my home. I put a friends car in my name that cost 67K (I’m still not sure how that loan went through). My income is about 43K. I’m struggling!!! I can’t get a consolidation loan because I have more [...]