Below you'll find a list of all posts that have been categorized as “Cosigner Issues”
When a close friend or family member passes away, student loans are an afterthought. Unfortunately, a student loan cosigner dying can negatively affect the borrower, even if the borrower has never missed a payment. The Big Danger: Auto-Default An auto-default is a provision lenders sometimes write into student loan contracts …
In most marriages, couples share their finances. Each spouse contributes their income to the family coffers, while each spouse treats the other’s debt as a shared obligation. Because of this shared effort to pay off debt, cosigning a spouse’s refinanced or consolidated student loan sounds like a no-brainer. Cosigning a …
It is never fun to think about student loans. It is even less fun to think about your death or the death of a loved one. This article will hit both subjects in explaining why student loan cosigners and borrowers should have life insurance policies. I’ll also cover one shortcut …
