Legal Question in Credit and Debt Law in California
co-sign laws
My husband co-signed a private school loan for his adult daughter. she graduated a year ago and has not looked for a job. My husband and I are making the payments. the total loan is $60,000.00 Do we have any legal recourse?
Asked on 5/23/07, 9:24 pm
2 Answers from Attorneys
Jonathan Stein
Law Offices of Jonathan G. Stein
Re: co-sign laws
You could sue her for it, but does he want to sue his daughter?
Answered on 5/23/07, 9:27 pm
Robert F. Cohen
Law Office of Robert F. Cohen
Re: co-sign laws
He could work with the lender and obtain some deferments until she's ready to pay.
Answered on 5/23/07, 9:50 pm