Legal Question in Education Law in Illinois

co signed student loan

my wife co signed a student loan for someone and this person never used the money for school and now this person wont pay the money to the student loan place is there anything we can do to get her name off the loan since it was a offical student loan and wasnt used for schooling


Asked on 2/24/07, 6:56 pm

1 Answer from Attorneys
Zedrick Braden III Ainsworth & Associates PC

Re: co signed student loan

Hello. In my opinion, your wife should contact the bank or financing company where the funds were obtained and she also should consider filiing a lawsuit against the person that she

co-signed for. Your wife in my opinion is a victim of fraud. In fact, you may even want to report this to the office of the Illinois Attorney General. What concerns me is that now your wife is legally responsible for repayment of the entire loan. Will be happy to discuss this further and in more detail.

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Answered on 2/25/07, 9:51 am


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