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  1. #1
    Join Date
    Aug 2013
    Posts
    1

    Exclamation Student Loan Frozen and in Default Due to Cosigner's Bankruptcy

    My question involves collection proceedings in the State of: Wisconsin
    Years ago I got a student loan (private student loan, I guess a private one does not have the same stipulations as a non-private one) with my dad as the co-signer. Well, he just filed bankruptcy, his lawyer of course missed this loan under his name and now I have a collection agency calling/writing. I looked up my credit report and it just says it's a closed account. I always made my payments and would still like to do so, I was sending payments to the place i got my loan to start out with AES. They now have rejected my last payment. NCO financial systems Inc out of Deleware now has this loan/debt. I do not want the interest to keep racking up however, I've heard this place is a scam...what should I do? Also my dad filed the bankruptcy where he IS paying the debts back so this won't go away.

    Thank you

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: Student Loan Frozen and in Default Due to Cosigner's Bankruptcy

    Is the issue here that the automatic stay is still in effect?

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