Is there any way to force my step daughter to pay for her student loans I cosigned on?
Full Question:
I am a co-signer on a student loan for my stepdaughter who continuously avoids payment on it. I have paid about $2000.00 on it over a period of 8 years. I am getting harassing phone calls from the lender. She also avoids them as much as possible, but the last 2 times she set up payment she had insufficient funds and then they proceed to me. Can I take out a debt warrant or is there something else I can do to get her attention. She is married and both her and her husband work and have 2 kids. They also are bingo addicts and I know they do not want to sacrifice that and her husbands obsession for fishing and buying expensive fishing equipment.
03/10/2009 |
Category: Debts and Cr... ยป Cosigning |
State: Virginia |
#15536
Answer:
It may be possible to sue a primary borrower, such as whether there was an agreement with the cosigner to repay the money, and what evidence exists regarding the agreements. It is always best to get a written agreement from the borrower that the cosignor will be repaid if the borrower defaults. A cosignor may contest a negative report with the credit bureau and talk to the lender about clearing your report if negative information appears after the cosignor paid when asked.
