Legal Question in Credit and Debt Law in Florida

Co-signed student loan

I co-signed a student loan for my 26 year old son. He is not making the payments which forces me to. Do I have any options to get him to pay me or the loan?


Asked on 11/02/07, 5:01 pm

2 Answers from Attorneys

Stuart M. Address Law Offices of Stuart M. Address, P.A.

Re: Co-signed student loan

Yes. Even though you are the co-signer and legally resonsible, he is primarilly responsible and can be sued by you. If you would like to discuss this further, please call my office.

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Answered on 11/02/07, 5:36 pm
Scott R. Jay Law Offices of Scott R. Jay

Re: Co-signed student loan

NOTE: This communication is not intended as and should not be interpreted as legal advice. Rather, it is intended solely as a general discussion of legal principles. You should not rely on or take action based on this communication without first presenting ALL relevant details to a competent attorney in your jurisdiction and then receiving the attorney's individualized advice for you. By reading the "Response" to your question or comment, you agree that the opinion expressed is not intended to, nor does it, create any attorney-client relationship, nor does it constitute legal advice to any person reviewing such information, nor will it be considered an attorney-client privileged communication. If you do not agree, then stop right here, and do not read any further.

Other than having a man to man talk, there is not much you can do unless you are willing to take legal action against him. If so, you can file suit against your son for damages in order to reimburse you for any monies paid to the lender. The question is whether or not you are ready to truly damage your son's credit history? If not, then there is not much you can do.

Scott R. Jay, Esq.

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Answered on 11/03/07, 1:23 am


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