How do I get out of a loan I co-signed for???
543875
By co-signing a loan you are personally guarantying the loan. The only "good" way to get out of his loan is to pay it off. You may be able to sue him in civil court, but you will need to talk to an attorney. \n\nOne thing to keep in mind is that the sooner you pay it off the less interest you pay ... see if you can get a personal loan to pay it off ... you may have to put off college for a year or so ... but it won't ruin your credit in fact it may help it. Talk to a financial adviser .. there is a free one consumer credit agency or something like that.
931640
i was in same situation.sent the money.didn't get the loan.that's  their  fee to look for a loan.the finance  company  make the final    decision.which is a credit check.so don't send the fee.its a con
115348
Co-signing a loan makes you liable on that loan which means the bank can come after you.\n\nBefore completing the loan, you should have received something called a NOTICE TO COSIGNER which explains your rights.  Hopefully, you kept this document.\n\nYou may be able to put a lien on his property only if the bank comes after you for the money.  Have they?\n\nIf so, you can go to court and try to get a judgment after the borrower of the student loan. If you're successful, you can put a lien on real estate he owns.  You could not, for example, put a lien on his car.\n\nI don't know why you would want to do this because you won't get a penny unless your friend sell his property.\n\nYou're better off with garnishing his wages.  But you still need to go to court and get a judgment in your favor.
365146
Try to figure out a payment plan. Right now, the landlord has the power in the situation; he's the one who'd be able to use the terms of the lease to try to get you out of the property.\n\nBest to work with him to get out of arrears. If you do figure out a plan, and go through with your part of it, his part of it should be to leave you alone.
1084119
Try to make good on the loan that you defaulted on before make another loan.\n\n\nLC
1149969
Since you have a computer go to your banks online service bring up the payments. Call the Loan Company while online discuss it with the manager in charge. Explain to them the problem you are haveing. A Friend of mine just went through this an she claim bankruptcy just prior to this but kept the car and payment. But what had happened is the payments go to a lock box and sit there and when they finally put it in they credited the wrong account. They were showing her two months behind an her payment were there on the first of every month. Plus get there building address not a po box and send the payments to that addrress.
718010
Call the Better Business Bureau. You may have to hire an attorney. Read everything very carefully before you sign it. If you did not sign an agreement, you may be able to get out of it. Buyer Beware.
1085544
call them and explain the situation. At the end of the day you agreed to pay it by accepting the card but they are not heartless people. \n\nAdvise of your current situation with income and other outgoings more important (car, house etc) and then arrange a repayment plan. The sooner you do it the better.\n\nIn some cases they will stop you being able to use the card and will stop or at least reduce the interest charges, but you're better contacting them sooner rather than later
974171
my and my bf got a loan with barclays of£5000 and we told them we wud be movin home and that we would have a period of time were we wouldnt have jobs and they said that if we bought the loan protection we wud be covered for that and we could have a year where we didnt have to pay so we bought it then we moved home and told them we cudnt pay and the loan protection wud cover us and they refused and now we r payin over £200 a month as well as all the other general bills and we r actually payin out more that we get in a month and they worked that out but then said there was nothing they cud do so we r F***ED and they cudnt care less so i wudnt even bother tryin and now we even have to pay for loan protection which we wudnt have even bought if they hadnt of told us we wud be covered it takes the p*** and im only 17 so i dunno how we r gonna pay this for the next 5 years!!!
192229
the easiest way to do that is to add in some cash and refinance as 1 mortgage.  Whoever gave you the 2nd loan did something that really didnt help you out at all.
572847
Did you read the "fine print" in the loan contract? Looks like you need a lawyer.
273225
Get yourself arrested so that you can't get your fingers broken. You could also go pigeon. \n\nBest way is to STOP BORROWING FROM LOAN SHARKS!
1157674
Contact all credit companies NOW. Tell them you Will not guarantee any additional purchases and you want the account closed. Follow up with a written letter. Keep a log of everyone you call with time and date.  Request a copy of his loan balance and the agreement you signed.   You need to establish a "cut off" point so if the credit companies continue to extend credit it will be at their own risk not yours.\n\nNext ask the "dead beat" if he has anything to sell you to pay off his debt. (Get anything you can. Something is better than nothing.) make a list of what you get and how much it is worth. Send that amount into the credit companies directly. Don't give the money to the "dead beat".  Ask for a lien on his car. Tell him that will help you get a loan if needed to pay off his debt.\n\nNow it's 10 days later. Ask the "dead beat" how much he can pay each month towards the debt. Don't put him into a situation he can't live with it will just be a bigger problem.  Now call the credit companies ask ask for a reduction in interest rate and a payment schedule that you can afford.\n\nNow comes the time to KICK yourself in the butt for doing a "verbal" agreement and letting it go this far.
979085
What other information do you need?\n\n1) Negotiate an offer to pay the debt. \n\n2) Demand that they agree IN WRITING to delete any negative information from your credit reports.\n\n3) Demand that if you are only paying a portion of the debt, they agree to consider this debt "paid in full" and give you a letter saying that!  Otherwise they could sell the remaining portion of this debt to another collection agency.\n\n4) DO NOT pay them a dime until you get these agreements.  Get the entire agreement IN WRITING explaining how much you will be paying each month.\n\nA sample letter is below.
808208
No your contract / agreement is with the original compnay - they have the agreement with the collection agency - if you have paid in full then tell them to go away...if you feel so inclined then you can show them proof but you are not obliged to - refer them back to the original company.
238451
Just play it cool. And the next time he ask you for any money, and he will. Tell him, I can't see anyway that I can possibly help you out. As there is still the issue of you owing me $700. Now when you see your way to paying me back, I'll consider another loan. And leave it at that.
1116198
If you owe more than what you can comfortably afford to pay out than you have a few alternatives.  One (which I do not recommend) is bankruptcy.  Two a part-time job.  Three credit helpers (which I also do not recommend).  Four call your creditors and explain your situation ask them if they have a hardship program and what do you need to do to get enrolled in it.  Than look at your smallest balance and sacrifice to pay it off as quickly as possible.  This will mean the money you used to spend on that bill can go to someone else.  if you keep doing this you will be surprised how quick you can get out of debt.  Think about what is your ultimate goal her and than go from there.  Make sure that whatever got you into this trouble in the first place is something you have conquered.  The last thing you want to do is struggle to get out of debt and find yourself right back in it because you haven't learned anything.