Results 1 to 2 of 2

Hybrid View

  1. #1
    Join Date
    Oct 2016
    Posts
    1

    Default What are a Cosigner Rights and Duties Under California Law

    My question involves collection proceedings in the State of: California

    I am the cosigner on a student loan.The loans were originally with Sallie Mae and now are held by Navient. They were made while I lived in Illinois about 20 years ago and I now live in California.
    The primary signer has an agreement to pay a certain amount monthly to the loan holder.
    It is a minimal amount but they did agree to it. However they keep sending me delinquent notices and phone calls constantly. My question is if the primary is paying into the loan as per their agreement am I responsible for any increases in that amount? And do they have a right to sue or garnish my wages.

  2. #2
    Join Date
    Jan 2006
    Posts
    38,867

    Default Re: Resolve a Cosigner Rights Under California Law

    If the borrower pays as contracted you won't get calls or letters telling you the loan is delinquent. (That's a hint)

    If the loan goes into default, yes, they can dun you and if you don't pay, sue you.

    If they obtain a judgment against you, if your state allows them to garnish your wages then yes, they can garnish your wages.

    1. Sponsored Links
       

Similar Threads

  1. Repossession: Primary vs. Cosigner Rights in California
    By klankford in forum Cars and Dealerships
    Replies: 6
    Last Post: 12-05-2011, 05:35 PM
  2. Rental Agreements: Cosigner's Rights
    By Lilyzmom in forum Landlord-Tenant Law
    Replies: 2
    Last Post: 11-16-2011, 10:58 AM
  3. Rights and Duties of a Home Owner With a Lodger
    By Laura276 in forum Landlord-Tenant Law
    Replies: 1
    Last Post: 11-09-2008, 08:02 AM
  4. Foreclosure: Foreclosure In Florida, Tenant Duties And Rights
    By ghost in forum Buying, Selling and Conveying Real Estate
    Replies: 1
    Last Post: 02-12-2008, 11:29 AM
  5. Foreclosure: Rights and Duties After a Sheriff's Sale
    By sheeesh in forum Buying, Selling and Conveying Real Estate
    Replies: 6
    Last Post: 10-10-2006, 04:57 PM
 
 
Sponsored Links

Legal Help, Information and Resources