Have Legal Questions? Ask a Lawyer Now.
Thank you for your help. I've been thinking about suing her of threatening. She also has student loans that I cosigned in 2004 and 2005. I stopped cosigning when she did poorly in school, but the college got her private loans with just her signature. Now she has huge student loan debt (graduated though). She is not paying and somehow she negotiated a deferment (did not need or allow input from me). The principle doubled on these loans. She has it set for interest only payments with Sallie Mae, and she is not paying them. If I pay she does not pay me back and Sallie Mae is relentless. I had to pay them over $1000 last month to catch up and now she is behind again. I don't think she intends to pay anything. She has a good job, and she is overwhelmed by this debt. Still it's not fair to ruin my credit and force me to pay by default instead of trying to get it figured out.
Can I sue her for not paying the Sallie Mae loans.? Cosigned loans went from original $20,000 to $40,000 principle by her deferring and not paying. What is the statue of limitations on this? I will never be able to retire if this keeps up. I'm 60 yrs old. Never thought I'd be in this situation.
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).