Home > Tag Archives: cosigner

Tag Archives: cosigner

I’m on a Fixed Income and Can’t Afford to Pay on Cosigned Student Loan

retirement

Question: Dear Steve, I co-signed for my son in 2008–payment were current until Nov 2015 when he lost his job. He has talked to them several time at Navient-Sallie Mae sold loan to them- now I am getting calls about 4 times a day, I’m retired on fixed income of appx $1150 month. They just tell me I have to ... Read More »

Is There a Way to Get My Wife Off as a Student Loan Cosigner?

stressed-woman

Question: Dear Steve, My wife and I have 3 boys all have graduated from college, they are not behind and have good jobs. They are very responsible about paying there bills. One is a nurse has about $90,000 student loan and other has about maybe $15,000. My wife co-signed for the younger two while they were in college. Is there ... Read More »

Collectors Keep Calling Me for the Cosigned Sallie Mae Student Loan

20150806-foil-630x420

Question: Dear Steve, I cosigned on my sons Sallie Mae loan. It took more than 2 years of calling them weekly to get any paperwork on the agreement of this loan as his payments were 991.00 a month. He wasn’t paying them so I was paying what I could $660.00 a month only to have them call me 11 times ... Read More »

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

questions

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 (usually when it becomes 120+ ... Read More »

How Can We Get Collectors to Stop Calling My Father for Student Loan Payments?

20150611-mri-drugs-630x420

Question: Dear Steve, My dad is over 75 yrs old with diabetes and needs a break from the creditors that harass him about his granddaughter’s loan from a private christian college she attended. He volunteered but now we want him forgiven for cosigning. How can my daughter and I help him this time around. She pays each time however sometimes ... Read More »

Want to Stop Getting into Debt? Quit Doing This One Thing

2015-03-10-1425996280-6599772-OMalleyStamp-thumb

I know someone whose 20-year-old niece wanted to buy a new car. She asked her grandma to co-sign for the car loan, but grandma said, “I love you. But no, I will not co-sign. If you miss a payment, I’m responsible.” So, the niece turned to her mom who couldn’t say “No” and co-signed the car loan. Doh! Who’s Liable ... Read More »

How Can I Get My Father Off My Private Student Loans as a Co-Signer?

loan-approved

“Dear Steve, I’m about $80,000 in debt in private student loans. I’m behind on my payments and my credit is a mess. My father co-signed on my loan with his perfect credit. I was wondering if you had any advice for me. Is there any way to consolidate private student loans without adding a co-signer? I am trying to consolidate ... Read More »

My Mother Cosigned My Son’s Student Loans. – Becky

White Picket Fence

“Dear Steve, My mother co-signed two private student loans for my son. One with Wells Fargo and one with Sallie Mae. She has now passed away. There is no estate. Will the loaners be willing to renegotiate the loans with my son? He has just graduated and not started making payments yet. Becky” Dear Becky, I’m sorry to hear about ... Read More »

How Do I Make Nelnet Remove My Father as a Cosigner. – Steve

Rejected stamp

“Dear Steve, I have a private loan through Nelnet with about $24k (from $35k) left. My father is in the process of buying a business and needs me to take him off as a cosigner but when I called Nelnet they would not do this because I was 15 days late on a payment back in 2008. Are there other ... Read More »

Sallie Mae Said They Were Willing to Release Me as a Co-Borrower. – David

Ready to Collapse

“Dear Steve, I’ve cosigned 3 Sallie Mae loans and had my signature forged on a fourth loan original principal was $32k. Now with interest, penalties, etc. the balance is about $50K. I’ve no idea where the primary borrower is and his mother (an ex-girlfriend) is somewhere in Florida, but not responded to any phone calls, texts, nor emails since May. ... Read More »

Will My Girlfriend Lose Her Car I Cosigned for When I File Bankruptcy? – Marc

Ready to Collapse

“Dear Steve, I am divorced and have about $100k in unsecured debt due to job loss and other issues which arose in my marriage. I am just treading water with the bills (including alimony and child support) and am sinking fast. I believe I am going to have to file Chapter 7 BK as I am never going to dig ... Read More »

Cosigned for a Debt For My Girlfriend. Now She Refuses to Pay It. – Mike

Ready to Collapse

“Dear Steve, Around 8-9 years ago I cosigned on a debt for my girlfriend who had a teenage girl that was in trouble. The loan was to get her off the street and into a private school in montana. about 3-6 months after the signing, her and I broke up. present day I started getting calls from creditors saying that ... Read More »

Bart Simpson Actress Sued After Cosigning for Boyfriend

Ready to Collapse

How many times do I have to say, never, ever cosign. It just winds up badly in most cases. Now cosigning tragedy has struck the voice of Bart Simpson. TMZ is reporting: Nancy Cartwright — the voice of Bart Simpson — is a defendant in a lawsuit involving her fiance’s suicide, a failed construction project, and the Church of Scientology ... Read More »

They Garnish My Wages For the Car I Cosigned For. – Denise

Ready to Collapse

“Dear Steve, i co-signed for my son to get a car. He got sick and lost the car and his job. so now they’ve garnished my wages, because they can’t do his if i get another job to go with the one i have,will they garnish that job too? Denise” Dear Denise, They may if they find out about the ... Read More »

I Cosigned for My Sister’s Truck and Now She Can’t Make The Payments. – James

Ready to Collapse

“Dear Steve, Hello..my question is I co signed on a lease for a truck for my sister..dumbest thing I’ve ever done. It’s got bout 10 payments and she cannot Pay it either can I. What are my options what can I do to not hurt my credit anymore? Screwed and regretful Anything I can to not have keep making the ... Read More »

Get My FREE Get Out of Debt Guy Newsletter

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt. You can unsubscribe at any time with just one click. After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.

I promise to keep your email safe and secure.