Hi, I cosigned (BAD IDEA) on a student loan with my boyfirend so he could get a better interest rate. Our loan is with Key Bank. THe monthly payment is $800. Back in September, we tried to call and offered to pay half, the rep said no deal. Basically, they want a full payment or nothing. Well, we can;t afford 800 a month. Anyway, my boyfriend is going thru bankruptcy right now.
Does anyone have any experience dealing with Key Bank and their student loan program? I feel so stressed and basically screwed over because I have no debt hardly except for this AND i am trying to pay our bills and help him pay some of his bills..yada yada.
I just need to know what they can do to me since he is filing for bankruptcy??
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
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The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.