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Ask The Get Out of Debt Experts

Am I Doomed as a Student Loan Cosigner?

Portrait scary monster clown

“Dear Steve, I co-signed a Sallie Mae (now Navient) student loan for my daughter’s half-sister about 10 years ago. She never finished her degree, got married and just gave birth to her third child. For the most part, she’s made payments on the loan but often put it in deferment or forbearance for periods of time. The current amount of ... Read More »

    The Statute of Limitations Has Expired on My Sallie Mae Student Loans

    closeup of a gavel on cash, from above

    “Dear Steve, I took out 4 student loans in 2005, 2 Federal and 2 Private. I am current and making payments on the Federal, but my 2 private loans with Sallie Mae have more than tripled in size since 2007. Sallie Mae is trying to say I made a payment in 2009, but there is conflicting information on my credit ... Read More »

      Debt Buyers Keep Selling My Debt And I’m Being Sued

      kiten hiding

      “Dear Steve, I recently attended at Case Conference Meeting at my local courthouse for an old credit card debt and judgement. Prior to the conference I contacted the attorney (listed on court docket) representing the debt buyer and was informed the attorney no longer represented the firm and it now with a new debt buyer. At the meeting an attorney ... Read More »

        I Was Unfairly Terminated and My Firing Caused a Bunch of Debt

        IMG_1842

        “Dear Steve, I was left terminated after corporate falsely identified me not eligible for a temporary leave when I have documented hospital visits to remain out of work for the needed amount of time to qualify for the temporary leave. Corporate denied my request, even though I met qualifications. And was later corrected but due to their rehire policy they ... Read More »

          What Happens to My Cosigner if I Stop Paying My Student Loans

          NCLC Report

          “Dear Steve, Over $200,000 in private student loan debt with a cosigner. If I choose to stop paying my private student loans, will I be held responsible or will the companies go after my cosigner? Lulu” The Answer Dear Lulu, Nothing good is going to result. The lender will most likely pursue you and/or the cosigner for payment. The defaulted ... Read More »

            Paying Companies To Delete Negative Credit Report Information

            tug of war

            “Dear Michael, During my junior year of college my parents provided me with a credit card that they paid off in full each month, they never missed a payment and I never worried about the money. I took out a credit card on my own my senior year of college, which I could make the minimum monthly payments until I ... Read More »

              Can I Really Discharge My Student Loan Cosigner Liability in Bankruptcy?

              Mature woman confused

              “Dear Steve, I am currently filing for Chapter 7 bankruptcy in TX. A large amount of my debt comes from being a co-signer on multiple private student loans for my son. He graduated Dec 2008 with a finance degree as the economy was headed down. He was not able to get a job for more than 1 year. He worked ... Read More »

                My Crowdfunding Donations to Help a Sick Friend Are 1099-K Taxable Income?

                Portrait Of Shocked Woman Looking At Camera Isolated On White Ba

                “Dear Steve, My friend’s mother was diagnosed with cancer and died within a few short months. As the end was nearing I started a GoFundMe page for my friend (age 24) who was to become the sole guardian of her TRIPLET siblings. Due to an amazing community effort, $36,000 was raised. All said it was a miracle…except when the 1099k ... Read More »

                  I’m Willing to Radically Change My Finances to Payoff My Student Loans

                  Drowning swimmer

                  “Dear Steve, Where to start? I’m a 28 year old married male and am a manager for a private equity portfolio company. My financial stats are as follows: Gross Household Income: $180,000 Private student loan debt (Husband only): $155,000 Public student loan debt (combined): $52,000 Mortgage Debt: $240,000 We currently own our house which is all in (including utilities) approximately ... Read More »

                    I Don’t Want to Pay My Parent PLUS Loan Anymore

                    Winter Latice and Pergola

                    “Dear Steve, I helped my daughter with a parent plus loan for her last semester which was $6000.00 and I have been paying on it for quite some time. Then she went back her second year and she filled out a 2nd parent plus loan so her payments was 50.00 per month she quit paying now for the past 4 ... Read More »

                      I Paid Off an Old Debt But Can’t Get a Mortgage

                      break free from prison pressure or quit job running away towards

                      “Dear Steve, I made a move to another state for a new job in early 2007. By the end of summer in 2008 I was laid off from my job. I received unemployment pay but I was out of work for more than a year and a half. At the time I was laid off I had some credit card ... Read More »

                        My Nephew Stole My Identity

                        ID Theft or Stolen Identity

                        “Dear Steve, I am 56 years old and i had perfect credit in 2008 and then a nephew moved in with me. I thought the kid was working when in reality he was stealing and opening credit cards in my name. I was working 70 hr workweeks and he had full access to everything in the house (files) etc. He ... Read More »

                          My Father Stole My Student Loan Money

                          stressed man

                          “Dear Steve, My Dad took out a PLUS loan for me because I had reached the maximum loan allowance from my college as a “dependent” student, even though my parents did not support me in any way. He chose the maximum loan amount $18k (YIKES) and ended up using $3k to lease a new fancy car that he couldn’t afford. ... Read More »

                            If the Creditor Didn’t Apply My Payment Do I Have to Pay for a Stop Payment?

                            broken piggybank with dollar notes

                            “Dear Steve, I’ve been writing checks for my elderly mother in the nursing home to cover her co-payment for the last 4-5 years. In November I hand delivered a check payment to the home and got a note with the last bill stating that deposit was not shown although I made the payment would I check the account. I did ... Read More »

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

                              Divorce

                              “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 the debt that she assumed ... Read More »

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