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Tag Archives: cosigner

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


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?


    “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” The Answer Dear Becky, I’m sorry to ... 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” The Answer Dear Denise, They may if they find out ... Read More »

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

                    Ready to Collapse

                    “Dear Steve, 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 »

                      I Guaranteed a Loan for Another Business. Will They Come After Me? – Vernal

                      Ready to Collapse

                      “Dear Steve, Self-employed, Signed on some loans for another person’s business, that person is not paying. Now they are coming after me and have put a lien on my property. And another loan, they got a judgement and zeroed out our bank accounts, have no money. everyone is coming after me. I own 2 pieces of land and a house ... Read More »

                        Will My Friend that Cosigned for My Motorcycle Be Stuck With My Debt When I Go Bankrupt? – Tommy

                        Ready to Collapse

                        Tommy “Dear Steve, Currently have two accounts opened with Honda Card Services, financed through GE. On one of the cards I was charged for a motorcycle which later got stolen (No gap, no insurance), and the other card was used for maintenance of the bike (oil changes, etc). Both cards were co-signed with one of my close friends and I ... Read More »

                          I Don’t Want to Ruin My Cosigners Credit But I Need Help! – Joe

                          Ready to Collapse

                          “Dear Steve, I hope you can lead me in the right direction. I am in serious debt trouble. I don’t know were to go from here. My debt is out of control with 2 bank loans 5000 a piece, 1 credit card $16,000 which I have a cosign on and have never been late. 2 student loans one 20,000 the ... Read More »

                            Would a Cosigned PHEAA Student Loan Be Forgiven By Disability? – Ron

                            Ready to Collapse

                            “Dear Steve, Is the cosigner responsible for pheaa students loans if death or disability of the student occurs? Ron” The Answer Dear Ron, Ultimately you’d have to look at the actual loan document. But since the cosigner is guaranteeing to repay the loan if the student did not I would have to imagine that if money was lent, the cosigner ... Read More »

                              I Had a Capital One Card in My Chapter 13 Bankruptcy and Now They Are Going After My Mom. – Tonia

                              Ready to Collapse

                              “Dear Steve, I filed chapter 13 October 2008. A Capital One Credit Card charge was included. At my meeting for creditor’s they did not appear nor was there a claim for me to repay the card to them made to be included in my payments. My mother was a cosigner on the card and now they’re suing her. What are ... Read More »

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