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[Collector] Should I Pay?

Discussion in 'BBS Hangout' started by JuanValdez, Dec 11, 2009.

  1. KingCheetah

    KingCheetah Atomic Playboy

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    co-signed on a student loan
    _____

    You're not getting out of this one.
     
  2. YallMean

    YallMean Member

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    What's the term?

    I don't think it's only your credit score at issue here. The bank can make you pay if your relative won't pay or default.

    Well, it's tough, but I think you have no choice but demand your relative to pay and make an issue out of it. If that doesn't change, I am afraid you probably will have to bite the bullet.

    Check the terms on the contract you signed. They should tell you what your rights are.
     
  3. T-Yao

    T-Yao Member

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    Well you co-signed it, so follow the others advice and pay it off. Realistically, you will never get the money back. Just never sign stuff like this again. As for your wife, life's not perfect, there's no way you don't have to pay and Wells Fargo won't be mad at you. :)
     
  4. JuanValdez

    JuanValdez Member

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    Huh, how about that!

    That terroristic threat stuff sounds worse than it is. We'll see if it is still on his record in Feb.

    Oh, I certainly have not learned my lesson. I'll continue to co-sign for him and other relatives as long as the loan is for something that adds value (which an education certainly does).
     

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