Wednesday, May 26, 2010

I co sing a student loan to my daughter 22 years ago, and she never paid back, now i cant make a fha

You are responsible and student loans never come off your reports and never go away. Sorry, you'd have to sue your daughter to get the money or pay it and then sue her. When you signed as a co signer you said that IF she didn't pay then you would pay, cause you were guaranteeing that she would pay.



I co sing a student loan to my daughter 22 years ago, and she never paid back, now i cant make a fha loan?

You really don't have much of a choice but to pay off your



daughter's student loan that she defaulted on, if you want to qualify for a mortgage loan. Call the dept of education. They can tell you who actually still holds the defaulted loan. Usually



they send them to a collection agency. Call them an arrange for a payment plan. In most cases, they'll be happy with about $150 a month.

No comments:

Post a Comment