Legal Question in Business Law in Nebraska
Co-signed loan
I co-signed on a friend's student loan a little over a year ago. Since then, she's dropped out of school and has failed to pay most of the payments. Now The loan company is coming to me wanting money. I've paid a couple of payments here and there just to get them to leave me alone. I've asked them what I can do to get me off of the loan and they said that the only way is for the borrower to pay 24 consecutive payments or she consolidates. Is this true? Please tell me there is an easier way out of this. Also, I never actually signed anything. They used an electronic signature. Is it just as binding as a regular signature? Please reply...
1 Answer from Attorneys
Re: Co-signed loan
What do you think it means to co-sign? need to see the loan docs to advise. This would be billable.
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