My 80 yr old dad co-signed about $50k of student loans for my niece. She graduated and got a job but says she can't repay. My parents get soc security and have some retirement income from my dad's job. they no way have or will have the money to repay this loan if my niece defaults. What happens?
Sub: #91 posted on Tue, 07/27/2010 - 19:05
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So in that case neither paying it off nor talking to CRAs can change things? That is very unfortunate. Thank you for the information.
Sub: #92 posted on Tue, 07/27/2010 - 20:29
Sub: #93 posted on Sat, 07/31/2010 - 10:40
Court is not an option. If you cosigned by your own free will, you took on that liablity as your own. You wont have any luck in court.
Sub: #94 posted on Sat, 07/31/2010 - 11:50
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Sub: #95 posted on Thu, 09/16/2010 - 06:10
Sub: #96 posted on Thu, 09/16/2010 - 06:45
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Sub: #97 posted on Sat, 11/13/2010 - 18:23
Sub: #98 posted on Sat, 11/13/2010 - 18:33
Sub: #99 posted on Sat, 11/13/2010 - 20:10
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Sub: #100 posted on Mon, 11/15/2010 - 07:54