Desperate
Date: Wed, 04/20/2011 - 08:26
My daughter defaulted on her student loan. I am a cosigner on the loan. MRS wants to "strike a deal" that will cut $10,000 off of the loan repayment but only if I send full amount. Either way they say "their client" will only accept full payment, of which I do not have, or they will proceed against me. I am certainly able to make payments, but I can not get a loan for that amount as MRS is on my credit report and that is the reason I can't get a loan. It is a catch 22. Can anyone help, please?
This is way of private student loans,. They will sue all partie
This is way of private student loans,. They will sue all parties if the account is not paid in full per your agreement on the prom note. This is standard and the CA is only following their clients directive.
