I was married and stupid enough to consolidate my 4% student loan with my now ex’s 11% student loans.
Because I had over a 700 credit I became the primary. We are now divorced and the decree indicates for my ex to pay towards the monthly payment. That never happen! I paid the entire amount for 6 months until I lost my job. Now, of course Sallie Mae Defaulted the Loan, and turned it over to the higher education of NJ.
I have documented murmurous letters notarizing that I have been living with my mother and raising a child and unable to make the $765 payment monthly. The loan has compounded interest since the higher education took over.
My ex has been telling me to send him copies but he doesn’t make any attempt to pay or contact the higher education.
He has been working steadily since our divorce and is capable of paying something. When I contacted the higher education they only had me on the loan and not my ex. It took about 1/2 hour of being on hold then they finally indicated he was the co-signer. They tried to covience me to refinance in my name only, but I will not do this for I will be completely responsible. I even gave the higher education my ex contact info. When I did this they put it forbarence for 3 months.
I am looking for legal advice, and legal aid won’t touch federal Loans. Also I requested the original note we both signed To figure out our rights and I was sent a 1-page doc that is so old and blurry That one can not even read one word on the note. They have been saying it is a federal loan but I can’t read the note and my rights. It’s hard to believe the government can excuse these big Banks for debt….. But not the common folk! What are my rights?
For some additional information on your loan, if it is a federal loan, access the National Student Loan Data System (NSLDS) here. That might provide you the detail you need on your loan.
It really does not matter what the divorce decree says. That’s a deal between you and your ex-husband and not the creditor. The divorce changes nothing with the creditor.
If this is a Sallie Mae private loan then they have fee options. You could of course give them the contact information for your ex-husband and let them try and chase him for a while.
If supporting documentation doesn’t exist to validate the old student loan debt then you could find a local consumer attorney and attempt to confront Sallie Mae about the lack of documentation.
But the first stop is NSLDS. Let me know what you find out through them.
Please post your responses and follow-up messages to me on this in the comments section below.