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  1. #1
    Join Date
    Mar 2013
    Posts
    1

    Default Defaulted on Student Loans, Damaging My Parent's Credit

    My father co signed for my student loan, it has now defaulted and gone to collections. Is there anyway possible that I can take the hit for for the bad credit, meaning can I take 14yrs or anything. Is there anyway possible for his credit score not to be effected and just mine?

  2. #2
    Join Date
    Apr 2009
    Location
    Somewhere near Canada
    Posts
    35,894

    Default Re: Student Loans

    Nope. They'll go after Dad for the loans.

  3. #3
    Join Date
    Sep 2012
    Posts
    1,991

    Default Re: Student Loans

    He can prevent the loans from hurting his credit by making the required loan payments in full and on time, he can also sue you for damages because you did not pay the loan.

  4. #4
    Join Date
    Jul 2007
    Location
    Florida
    Posts
    2,344

    Default Re: Student Loans

    Pay your own debt and your father will not be harmed in any way. That's what you agreed to, after all...

  5. #5
    Join Date
    Jul 2010
    Posts
    8,006

    Default Re: Student Loans

    If you've already defaulted and been sent to collections, Dad's credit has already been affected.

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