My question involves collection proceedings in the State of: california
I cosigned for several of my fiance's student loans from Chase bank. We have seperated, and he has only repaid for 12 months (of the 15 year loans). According to Chase, he must repay for a total of five years before the cosigner can be removed. He tried to consolidate the loans with Wells Fargo Bank (who he has a relationship with already), and have his uncle be the new cosigner for that loan (so I can be removed). The uncle has excellent credit, and has been a cosigner for my fiance on other student loans (that he has been repaying). Wells Fargo turned down the loan. They stated that they were many factors, but were vague with any specific answers asked. I believe that his credit score (707), and high credit card balances (he has carried for over a year) may be to blame. Wells Fargo said the he could reapply in a few months. His score, cc balances, increased income, and income to debt ratio will not improve significantly by then (or within the next year). He also tried to have Chase bank transfer the cosigner from me to his uncle without the consolidation. The told him they don't do that. (His uncle would be consider a better cosigner).
How can I be removed as a cosigner before the 4 years he has left to pay? Can the cosigner be transferred? Chase will not allow him to carry the loans himself yet. I fear that a default is in the future (on purpose or not). How can I protect myself?

