Legal Question in Credit and Debt Law in California
Outside of my knowledge, our son received a student loan with a girlfriend's grandparent as the co-signor. The girlfriend suggested the loan to the grandparent who signed consensually. Now that my son and the girlfriend are not together, the grandparent has hired a lawyer and threatened my son with obtaining the loan fraudulently. My son is 24, the loan was obtained in 2013 and now, 2 years later the grandparent and girlfriend want nothing to do with the loan since they are no longer together. No payments have been missed or have been late. Is this legal? What should be our response since this was done without our approval, we just found out and have no interest in assuming loans we would not have approved of?
1 Answer from Attorneys
It doesn't seem that your son needed your approval for a loan at age 22. Legally, there's no reason you should get involved. It's up to your son, an adult, to get things straightened out.
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