Student Loan Issues: Co-Signers Could Face Serious Repercussions
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Bankruptcy & Debt Credit & Debt Other Education Bankruptcy & Debt Collection
Summary: If you are a co-signer on a student loan, you may find yourself wondering what to do if the borrower has dropped out of school and shows no signs of worrying about paying back the debt—or even with graduation behind them and a new job, they may still be struggling. If you are beginning to receive calls from debt collectors and are worried about what is going to happen to your credit score, consult with an experienced law firm like Fitzgerald & Campbell, APLC now.
"The problem is that not only will your credit take a substantial hit, but the creditor can sue you—and if they win, you could have to battle wage garnishments, having property seized, or bank accounts frozen."
Read the entire article on the official Fitzgerald & Campbell, APLC blog.