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If you cosigned for a school loan and you and the other person are no longer together how can you get your name off the loan?
Wiki User
∙ 16y ago
Unfortunately when you cosigned the loan you are on it - no matter the outcome. You could check what your options are with the lenders incase they have their own set of rules or/also check with a lawyer.
Wiki User
∙ 16y ago
Wiki User
∙ 13y agoThat is up to the lender. However, the reason the lender required a co-signer in the first place was to guarantee someone would pay the loan. Lenders do not normally let co-signers off the hook. Co-signers should check out their obligations and responsibilities before they agree to sign. Before you co-sign please ask yourself:
- Why does this person need a co-signer?
- Why am I agreeing to pay this person's debt if their credit is so poor that they need a co-signer?
- Can I afford to pay this debt off all by myself?
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