Parents Plus Loan
Date: Thu, 08/15/2013 - 09:45
I signed a Parents Plus loan promissory note to cover a 2200.00 shortfall in my son's first year...After he graduated, I found that they had used my original signature as a proxy for subsequent loans...I have essentially signed a blank check for over 22,000.00...What can I do?
You signed a master
You signed a master promissory note. Did he ever discuss subsequent loans with you?? If not, he took them out fraudulently. You would need to file a police report...he would be subject to criminal charges.
Payments were due to start immediately after dispursement. Did you not notice the increase in balance each year??
