What Can I Do to Get Out of Being a Cosigner on a Private Student Loan

Question: Dear Steve, I co-signed a private student loan in 2005 for my ex-wife (she was not my ex-spouse in 2005). The amount was $10k. Current balance is ~$6,400 and is in deferment (1-2 months left on that). She agreed to pay it post-divorce but fails to do so unless her arm is twisted enough … Read more

My Husband Ran Off With Another Woman and Left Me in Student Loan Debt

“Dear Steve, My husband took off with another woman. Our house is now in foreclosure and our daughter had to quit college because my ex messed up loan application paperwork. We took out Student Plus loans done in my name because he was overseas when the paperwork needed to be signed, but part of the … Read more

My Ex Was Supposed to Pay the Debt in the Divorce But They Are Coming After Me

“Dear Steve, I was divorced in 2007. It was an amicable split and, as stipulated in the divorce decree, I took some of our combined debt and she took one of our debts in the form of a bank credit card. She remarried and together she and her new spouse decided not to pay on … Read more

I Signed for My Ex-Husband’s Student Loans and They Want Me to Pay. – Maureen

“Dear Steve, My now ex husband went to college and accrued quite a bit of student debt. At this point, it is closing in on 130k. At some point, he consolidated the loans, and added me to the paperwork. I agreed, because he said that I had to. I did not know there were options. … Read more

I Have No Savings and Have to Juggle Payments Each Month. – Butch

“Dear Steve, I am 64 years old, a teacher. Every year, my salary has gone done (forced furlough days). Bad divorce-impulsively took a second mortgage on my townhome to pay child support and attorney fees (13.9%!). Currently in a DMP program for $22000 of credit card debt. Retire in 2 years-will get 50% of current … Read more

Divorced, Breast Cancer, Weak, and Child With Drug Problem. – Kathy

“Dear Steve, I am 60 years old, divorced for 7 years, with two kids. I have not gotten child support from my ex and he has not helped with the boys financially or physically. Though the government has finally caught up with him and I am now receiving 1,000 a month back support. I make … Read more

My Wife Was Sued Over an Old Debt From a Previous Marriage. – Chris

“Dear Steve, My wife had a BofA credit card she acquired during her previous marriage. Long story short shortly after receiving the card, her husband filed for divorce. She had no money and reverted to using the credit card to pay for essentials to take care of her kids and herself. As you would expect … Read more

In Our Divorce My Ex-Husband Was to Pay Half of My Credit Card Bills But He’s Filing for Bankruptcy. – Becky

“Dear Steve, Credit cards that are in my name only. My ex husband was ordered to pay half of my credit card bills… they are all in my name only… he did not pay so I took him back to court and they held him contempt and ordered him to pay a certainty amount each … Read more

My Credit Card Debt is Killing Me After My Divorce. – Clint

“Dear Steve, I have $50+/- credit card debt. Recently divorced. No other major debt.The financal stress contibuted to the divorce. I am living paycheck to paycheck. I would love to consolidate into one big loan and one monthly payment. I do not like the debt consolidation companies. Bankruptcy is a question as to whether it … Read more