Hello around 2020 my mother's EX boyfriend co-signed my private student loan which was around 55k. Turns out he was abusive, a alcoholic and all the above. Now daily he holds it over are heads when we are trying to get our things in order.
The issue is I dont have any assets no house, no car, just the money on my bank account. I have made 4 years of consecutive payments but I keep getting declined to have him removed.
Do you all know if there is anything at all I can do?
I need my co-signer removed ASAP
byu/Charming-Zebra7830 inStudentLoans
Posted by Charming-Zebra7830
15 Comments
You would have to refinance.
You need to call your loan originator before anything else and ask them
No need. He can’t do anything about it just continue paying as is
It’s funny the boyfriend thinks he has the leverage.
all you have to do is be 30 days late on a payment and watch him scream about his credit score going down 120 points.
smh made as well default on it jsu to punish him and get back at him 🤷
Off topic but why is he not your mother’s ex-boyfriend?
What is your income and what is the interest rate on this loan?
He has no leverage over you. You have leverage over him…
You don’t qualify to refinance, you would need a different co-signer.
Despite people suggesting you don’t pay it, don’t do that. It would indeed tank your credit and it doesn’t erase your obligation to pay. If the co-signer pays they can take you to court and get a judgment against you to be repaid. A co-signer paying for you does not erase your legal obligation to pay as the primary borrower.
I’m a little confused, why would it matter if you were planning on just paying the loan anyway? What can he actually do to the loan without your consent?
If you’re being consistently harassed and have a fear for your safety, call the police.
Otherwise, nothing. He made the decision to co-sign. That’s a pretty permanent decision unless *you* can convince a bank you can carry the debt alone, or can refinance with another lender. You seem unable to do so.
The bank will usually prefer to have two people responsible even if one can carry the debt. It’s less risky for them, obviuosly.
You’re upset that some jerk is responsible for your debt if you don’t pay? You have the leverage here. You could totally ruin him if you wanted. Yea. It hurts you too, but damn I wish my worst enemies were on the hook for my loans. Student loans don’t discharge. Go be a doctor and let him choke on the 250k debt that you ignore.
lol just keep him on there – he’s an idiot if he thinks that’s leverage, hahahah
Why is he still in you all’s lives? If you’re making payments, you can block, delete, ignore and simply never talk to him again. Get a restraining order if you have to.
Keep making payments per usual and it shouldn’t be an issue because his credit will not be impacted by you being current on the loan.
if you have been keeping up with your credit, you can have the loans refinanced under your name only. I did that with mine, and then surprisingly later, they got forgiven (obviously do not bank on the latter happening)
Just be an adult and ignore him…. What’s he gonna do…