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  1. #1
    Join Date
    Dec 2007
    Posts
    2

    Default Student Loan Cosigner Tricked As To Amounts

    My soon to be ex wife's daughter (not related to me) asked me to sign "an application" for a student loan for "$1500"...and another later for "$3000"...I signed the "application" and faxed it to her...little did I know, she had made $37,500 in loan apps!!! When i found out, I called Chase, and they mailed me the paperwork. Sure enough, my signature / and or initials are ONLY on the 2nd page of the loans - which do not mention the dollar amount applied for anywhere. The very first loan she got on her own credit, and that one did have her signature on the 1st page (where the $$$ is specified)..
    How could these be legally binding? Wouldn't my signature or at least an initial have to appear on the 1st page that spells out the $$$ amounts? She could have made them out for millions.
    What is my recourse against her and / or Chase Student Loans?

    Beyond doubt - she what she did was fraud. She had a full ride scholarship that paid for everything, but had to redo her last year on her own. It only costs $8,000 per year per her own email that I saved..I also saved an email from her where she admits changing the amount from what she told me.

    I would rather not hurt her - but I want this rectified with Chase. How could they have approved a loan just based on a fax of a 2nd page generic application that has no mention (or even a line for the $$$ amount) - as well as the 1st page not having my signature or initial - in fact - other than her 1st one - the others have no signature nor initial from anyone - so it wasn't even forged - it wasn't completed...and thats what Chase has on file !

    Need Help in Indiana

  2. #2
    Join Date
    Mar 2005
    Location
    Michigan
    Posts
    28,906

    Default Re: Student Loan Cosigner Tricked As To Amounts

    If you wish to rectify the issue with Chase, they will probably require that you file a police report.

  3. #3
    Join Date
    Apr 2007
    Location
    Il.(near StL,Mo.)
    Posts
    5,252

    Default Re: Student Loan Cosigner Tricked As To Amounts

    I agree. I know you do not want to hurt her but your only option in order to have Chase rectify the situation probably is to get the police involved.

  4. #4
    Join Date
    Dec 2007
    Posts
    2

    Default Re: Student Loan Cosigner Tricked As To Amounts

    Quote Quoting Betty3
    View Post
    I agree. I know you do not want to hurt her but your only option in order to have Chase rectify the situation probably is to get the police involved.
    What about the validity of the loan in the first place? how can it be valid if my signature is only on the 2nd page - which has no dollar amount, and conversly - nowhere on the 1st page, where the $$$ amount is?

  5. #5
    Join Date
    Mar 2005
    Location
    Michigan
    Posts
    28,906

    Default Re: Student Loan Cosigner Tricked As To Amounts

    I can't comment on the significance of the omission without seeing the contract. You can have the contract reviewed by a lawyer. If they sue you, you can raise that issue in court.

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