private student loans

I don't know very much about student loans, but I am sure someone will be able to answer your question soon, just hang in there rydermack. :)

I think that they can go after your co-signor not for sure 100% though, hold on someone will be along shortly to assist you.

They can most definately go after your co-signor. Private student loans are commonly sold and the terms of the original note never changes.

I am a servant of Sallie Mae. I have 8 loans with them and pretty much work for them now. Its depressing but it was my stupid mistake that got me into this mess in the first place. I'll make do but it hurts every month when I sign that check. :oops: :cry:

Keep signing the checks, for each one you sign you are that much closer to financial freedom from your student loans. If I didn't look at it that way, I'd probably scream and cry once a month.

I'm a servant of AES/TERI, it kills me when I have to pay those high amounts every month and can't get any forebearance because they are private and don't have to do anything (it sucks and isnt right but its their terms and I agreed to them when i signed the loan)

i am a servant to many because i didnt read the fine print

Yes, they can go after your co-signer
Source: studentloanshub.com

I am a servant of the most high, and what he says goes, before all others...period. In that I find comfort and have for a long time. May your higher power bless you and yours this weekend and I hope everything gets better for us all.

Love,
Luke

I should add that they tend to go after your co-signer more frequently then they do you. If I'm so much as a day late with a payment, my co-signer gets like 4-5 calls a day from AES/TERI yet they rarely call me.

My co-signor gets repeated phone calls daily also, if it is not there on the 28th they start calling. PIA if you ask me.

I once told the guy they were worse than the mob (LOL), no seriously you have to make sure that you pay it on time or call them ahead of time so they can make a note in your file about it.

Hi, I am a cosignor and I have to say I get alot of flack before my bf does. He doesn;t get phone calls or anything? I do and they are always wanting to know the dates and amounts of when I can pay..this is thru Key Bank?

It really sucks!!
Robin

i am on full retirement due to spinal cord injury can they garnish my social security and fed govt retirement i only get 2000.00 combinded. paying them would make me homeless

Is this for a federal or private student loan? If federal, then yes. Also if federal, have you applied for a permanent disability cancellation?

My husband cosigned a citibank private loan for a friend's daughter. She works but gets paid under the table and now the collection agencies are harassing us. Citibank sent us an email stating that we would be required to pay the loan IF the student died or went bankrupt. No one is trying to get the money from the student.

They will pursue whoever has the $$. Her working under the table is a problem....they cannot attach those wages. A cosignor is just as legally responsible for the debt as the main borrower. They will end up sueing both of you.

Wow, I will never co-sign for anyone (not even my self).

yeah co-signing is definately something a person should do plenty of research about ahead of time. My co-signer and I are no longer on speaking terms because I ran into some financial trouble last year and couldn't make my payments on time so they came after him.

Now I'm back in the good and even got AES to lower my interest rate and monthly payments, but the damage to my co-signers credit for the late payments really hurt him.

recently the sheriffs department has showed up at my cosigners door,wanting her to come down and sign some papers,we are being sued by Arrowood Indemnity who has turned it over to Buffaloe and Associates,a lawyer firm out of Nashville TN,I have contacted them and made verbal agreement to pay 300.00 monthly untill paid in full.law firm told me if i dont default on the 300.00 per month that my cosigner would be protected,the sherriffs department never showed up at my door, they didnt know my address or my phone number,i contacted sherriffs dept and they said they would return papers to be sent to me and the very next day returned to my cosigners,we live 80 miles apart,my question is are they messing with me and plan on suing my cosigner anyway and should i go to court before i start making these 300.00 per month payments? thanks

Since your lender doesnt have contact information for you, they will pursue your cosignor. Correct contact information is vital. Think you need to talk to whoever you made the payment agreement with.

thanks for the replie

what if the co-signer died, expired, can they still come after the CO-SIGNERS estate as well as the borrower?

no

i have been summons to court for june 2nd for this student loan, i have been paying 300.00 per month since febuary,i was told by the law firm(collection agency) that if i was already making payments that i would not have to appear at court on june 2nd and now im confused,if i was summons should i not appear? thank you

Your husband took responsiblity for the loan if the borrower failed to pay period. Since the borrower wont pay, they will end up suing both parites and they will pursue garnishment and bank seizures on both.

hello soaplady ,thanks for the replie,for the record im a man with no husband,cant figure out how to change pic at right,lol,thanks again

it very frustrating. I co-signed my son's loans. I know he will pay - He has a high paying job in the medical field and he has always been very trustworthy. It is frustrating because he could NOT have gone to school with out the co-sign. My only regret is that I did not think about that his loans would affect my debt to income ratio. I have over 800 FICO and I can't refinance my mortgage, even though I have excellent credit. Just something to consider when you choose to co-sign.

My father co signed for my daughters student loans, he has recently passed away. The girls are repaying the loans now and have never been late or defaulted. Can they make my dads estate pay these loans in full or will they just continue with the girls paying them since the loans are in there name?

No...as long as the loans are current, nothing will change.