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ABC Accounting Group
ABC Accounting Group, Financial Advisor
Category: Finance
Satisfied Customers: 189
Experience:  Accounting Manager
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I am co-signer on someone's student loan with Salllie Mae.

Customer Question

I am co-signer on someone's student loan with Salllie Mae. The person cannot finish school because of medical condition. What happen if I cannot afford payments and stop paying? Can you suggest lenders who can refinance this loan for lower interest rate?
Submitted: 19 days ago.
Category: Finance
Expert:  ABC Accounting Group replied 19 days ago.

Hi. Sorry to hear. I would first contact a loan officer at Sallie Mae and discuss your intent to refinance your student loan. Tell him/her that you are having trouble making payments and request an interest rate or balance reduction. Discuss your income and overall credit situation to give Sallie Mae a better sense of your financial status so it will be able to make a more educated business decision.

BankRate.com is an online option to see if there are any better rates.

Let me know if you have any questions. Thank you.

Expert:  ABC Accounting Group replied 16 days ago.

Let me know if you have any questions. If no questions, a positive rating is very much appreciated. Thank you.

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