1srelluc
Diamond Member
- Nov 21, 2021
- 46,191
- 65,929
It's a lot to unpack but here's the meat of it.
Sabrina (daughter) took out a private student loan from Navient in 2007 to complete her nursing degree, Rebecca (mother) was happy to be the co-signer on the loan.
Both women have come to regret that decision.
Sabrina, who is now 53 and lives in Vinton, Virginia, said her life took many difficult turns in the last two decades.
Paul Hartwick, vice president of corporate communications at Navient said it informed Finch in April that the loan would be transferred to her mother if she was removed from it.
“A co-signer for a loan is liable for the account if the primary borrower cannot or does not make payments on the loan,” Hartwick wrote in an email to CNBC.
Dems will say.....Financial institutions fucking over old ladies while they continue to make billions.
That said....Maybe think through your kids issues before signing on that dotted line.
But hey, let's make the lender out to be the bad guy for wanting their money back.