---

why????

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
spoiledasiam@comcast.net Guest	Posted: Sat Oct 09, 2010 7:10 pm    Post subject: why???? Like 0 Dislike 0 my 20 year old college student daughter co signed a 4000.00 loan for a now x boyfriend, he is now not paying the loan...she is a college student works part time and has no money...what are her rights and what right does a bank have letting her co sign, being a student w/ a part time job? _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
jameshogg Joined: 20 Dec 2005 Posts: 10477 Location: Nevada 990.06 Dollars($)	Posted: Sun Oct 10, 2010 10:21 pm    Post subject: Like 0 Dislike 0 Hi spoiledasiam, Your daughter can co-sign the loan if she has a good credit score. It is not the bank's fault that her ex-boyfriend is not paying the loan. As your daughter has co-signed for the loan, the lender can come after her in order to recover the dues. If she is unable to do so, the lender will foreclose the property which will have a negative affect on her credit report. Thanks
spoiledasiam Guest	Posted: Thu Oct 28, 2010 9:38 pm    Post subject: co signed a loan Like 0 Dislike 0 what happens to the x boyfriend since he is not paying the loan..? if she pays the loan does he still get credit for it being paid, like it will have no negative effect on his credit but if she doesn't pay then she gets negative credit...? he also demolished her 3000.00 motorcycle...what can be done about that? she did not have collision or comprehension on the mortorcycle..? guess she is out that too....whyis it legal for the losers to get away scott free and the givers serve the price...?
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Thu Oct 28, 2010 10:40 pm    Post subject: Like 0 Dislike 0 Hi spoiledasiam! Welcome to forums! The girlfriend should have asked the boyfriend to refinance the mortgage in his name. If he had refinanced the mortgage, then the girlfriend would have been released from the mortgage payments and the delinquent mortgage payments wouldn't have affected her. Sussane
spoiledasiam Guest	Posted: Tue Nov 09, 2010 3:34 pm    Post subject: loser x boyfriend Like 0 Dislike 0 my daughter(the girlfriend) was told at the signing of the loan application that in 6 months he could get his own loan..well since he is delinquent, she cannot be released from the load...it is not a mortgage payment , it is a personal loan for which he bought a car and then demolished.
jameshogg Joined: 20 Dec 2005 Posts: 10477 Location: Nevada 990.06 Dollars($)	Posted: Tue Nov 09, 2010 10:20 pm    Post subject: Like 0 Dislike 0 Hi spoiledasiam, The boyfriend has to refinance the mortgage in his name in order to remove your daughter from the mortgage. Unless the boyfriend does so, your daughter won't be able to remove her name from the loan. Thanks
spoiledasiam Guest	Posted: Fri Nov 12, 2010 9:50 pm    Post subject: Like 0 Dislike 0 thanks for responding>
richard lawler Guest	Posted: Tue May 03, 2011 10:24 am    Post subject: student loan co-signed for grandson Like 0 Dislike 0 my grandsone refuses to make payments..anything i can do?
jameshogg Joined: 20 Dec 2005 Posts: 10477 Location: Nevada 990.06 Dollars($)	Posted: Tue May 03, 2011 10:54 pm    Post subject: Like 0 Dislike 0 Hi richard, You should persuade him to pay off the student loans. If he does not do so, then you will be liable for paying it as you had co-signed for the loan. Thanks

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0