sallie Mae student Loan
Date: Wed, 07/25/2012 - 12:47
sallie Mae student Loan
You asked this same question in January. http://www.debtconsol
You asked this same question in January.
http://www.debtconsolidationcare.com/forums/showthread.php?p=900529#post900529
continuation
Yes I did sorry for the re-post. What does it mean the sallie mae loans show charged-off on my credit report?
It means that the lender has written it off as a bad debt. You
It means that the lender has written it off as a bad debt. You can still be sued for nonpayment.
Can I sue him in small claims court? Do I have any recourse in
Can I sue him in small claims court? Do I have any recourse in this situation, he's gone on with his life, but these loans have ruined my credit rating.
Sallie Mae will probably end up suing both of you. Is he aware o
Sallie Mae will probably end up suing both of you. Is he aware of that??
They actively garnish wages and levy bank accounts.
When you signed on as cosignor, you agreed to be responsible for the loan. What is the point of suing when you agreed in writing to pay this debt???
They cannot touch your income...so they are more likely to pursu
They cannot touch your income...so they are more likely to pursue him.
You are correct I did co-sign, but he's working, has moved out
You are correct I did co-sign, but he's working, has moved out of his parents home, and got himself a new car. If he can do all that then he should be responsible enough to pay on his loans he went to school, not me, I tried to help him out now I'm stuck with the fall out I was just curious what my options are.
Call and make sure that Sallie Mae has his work and phone number
Call and make sure that Sallie Mae has his work and phone numbers. Or give them his parents phone numbers. Maybe let his parents know he will more than likely be sued and will end up having his wages garnished 25%. With a default on his credit he is probably paying hefty interest on that new car. If he gets garnished, he will probably want to move back home.... Guilt goes a longggg way....