Hi all,
I am in a real mess. OK here's the thing. I co-signed on a Sallie Mae loan for my soon to be ex son-in-law. The loan was for culinary school. Now, after several deferments, it's time for him to pay the loan payments but he left my daughter and grandson, joined the Navy, and hasn't paid a dime. So now, the loan is going into default.
Yesterday, I pulled up my Equifax credit report, and found that it has been reported that I owe over 23,000. I phoned Sallie Mae and was told that this loan is for over 23,000 dollars. First of all, there is no way on earth that culinary school tuition is so expensive that a loan for the final semester cost 23,000. I filed a dispute with Equifax but I do not have the loan papers, as they are with the ex son-in-law. I did ask Sallie Mae to send a copy and they agreed to do so. Is there anything else I can do?
Sallie Mae co signer
Hi Cash,
I don't know whether or not Sallie Mae is going to help you in any way. Well you can still try. However, the only way to get out of this mess is to pay off the debt. I don't think any lender will agree to remove the name of the co-signer from the loan in case of unpaid debt.
Another thing that you can do is talk about this to the commanding officer of your soon to be ex son-in-law. I don't think the navy will put up with such behavior of your son-in-law. He will thus, be made to pay off this debt.
Thanks,
Aaron
Loan
Strange that the Navy even let him join with that kind of debt. Call his Commander...he'll either have to pay or get out.