My Navient Co-Signer Does Make Much Money and I Need to Get Them Off

Question:

Dear Steve,

Private loans with Navient. My dad is a co-signer and does not make much money himself. I am paying about 670 a month, and that’s the “income driven” plan, but takes up the majority of what I make a month. Sometimes leaving me short on rent, not eating well or regularly, et cetera.

What are the pros and cons of refusing payments when you have a co-signer? Can they garnish wages? Is there a way to try to refuse payment and hope to negotiate down or expire my debt without hurting my co-signer?

Chris

Answer:

Dear Chris,

Damon Day and I answered your question on the podcast yesterday. You can listen to your answer below.

Sincerly,
Steve

You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.


Damon Day - Pro Debt Coach

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