Results 1 to 4 of 4
  1. #1
    Join Date
    Feb 2010
    Posts
    2

    Question Co-Signed on a Student Loan and the Borrower Stoped Paying

    My question involves collection proceedings in the State of: California

    About 5 years ago my fiance's boss coerced him into co-signing on a $30,000 student loan for his wife, whom he had never met. I assume that she finished school in 2008 because she stared to make payments on it. Then, last year she just stopped making payments, moved, changed her number and is currently hiding from him.

    The loan went into default, but my fiance talked to them and now HE is making deferment payments on the loan so it's won't ruin his credit.

    Is there anything we can do to get his name off the loan? What kind of attorney do we need for this type of case? Bankruptcy? Contract Dispute? Civil?

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

    Default Re: Co-Signed on a Student Loan and the Borrower Stoped Paying

    It's a civil matter; he can sue the woman to refund the money he's had to pay to cover her debt.

  3. #3
    Join Date
    Feb 2010
    Posts
    2

    Default Re: Co-Signed on a Student Loan and the Borrower Stoped Paying

    Is there a statute of limitations for the ammount of time we have to file a civil case?

  4. #4
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: Co-Signed on a Student Loan and the Borrower Stoped Paying

    Yes; depending upon whether there's a governing written contractual provision between the parties, most likely two to four years from the date of injury.

    1. Sponsored Links
       

Similar Threads

  1. Cosigners: Cosigner of Student Loan - Deadbeat Borrower Problem
    By wearegetgetgo in forum Debts and Collections
    Replies: 2
    Last Post: 12-02-2010, 03:45 PM
  2. Cosigners: Cosigner's Remedies When Borrower Defaults on a Student Loan
    By k8t in forum Debts and Collections
    Replies: 4
    Last Post: 01-27-2010, 08:39 PM
  3. Student Loans: I Co-Signed For A Student Loan
    By jack-o-trades in forum Debts and Collections
    Replies: 1
    Last Post: 03-14-2008, 06:22 AM
  4. Cosigners: Cosigned For Private Student Loan, and Borrower Is Threatening Default
    By dumbcosigner in forum Debts and Collections
    Replies: 1
    Last Post: 12-16-2007, 07:30 AM
  5. Student Loans: Lender Wants Student Loan Repaid While the Borrower Is Still In School
    By purple in forum Debts and Collections
    Replies: 6
    Last Post: 12-01-2007, 02:24 PM
 
 
Sponsored Links

Legal Help, Information and Resources