Legal Question in Credit and Debt Law in California

I live in CA am listed as a co-signer on 2 Sallie Mae student loans for my brother (lived in NY, school in MA). I remember providing info, but not signing or agreeing to anything. One is from 2005 and the other is 2006. I requested the promissory notes and noticed some inaccuracies in my info and contact info. Wondering if this has any legal grounds to remove my obligation. Both were allegedly signed 'electronically' so there are no live signatures anywhere.

1: First Note from 2005. Has my mothers email address and phone # in place of my actual info. I believe SHE is the one who electronically accepted the loan in my name. It also lacks any employment info for me other than an income. Also states I "Owned" my residence when it was in fact an apartment I rented.

2: Second Note from 2006. Appears to have correct info except email address doesn't look like one I have ever used, although similar.

Any help would be appreciated and I would like to file suit if there were grounds.

Asked on 3/06/13, 8:54 am

1 Answer from Attorneys

Alden Knisbacher Knisbacher Law Offices

Lawsuits are being filed over Sallie Mae loans to students based on a theory that Sallie Mae knew that the school would not deliver on its promises -- you might investigate that angle if it makes sense to do so regarding your brother -- it would depend -- not sure of the time to challenge, and I have not handled these cases personally

Read more
Answered on 3/07/13, 4:59 pm

Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in California