candyfloss7
Jan 24, 2011, 09:47 AM
My husband co-signed for quite a large sum loan from the bank in 2008 for his daughters education at university , she had it deffered already twice and is supposed to have started payments 10 days ago Jan 2011 but has failed to do so as yet , my husband and his daughter are not now in the best of relationships with each other and we suspect she will not make the payments and leave it to him knowing he is obliged to pay the payments on her behalf.
I know he is legally bound to do this ,is there any way he could fight this as she is able to work but doesn't and is there any way if my husband paid some of the loan to reduce the amount he could be removed as co-signer after the loan decreases to a certain amount or are we just doomed to pay her loan completely now for the next 20 years or more ?
Hoping for the best
I know he is legally bound to do this ,is there any way he could fight this as she is able to work but doesn't and is there any way if my husband paid some of the loan to reduce the amount he could be removed as co-signer after the loan decreases to a certain amount or are we just doomed to pay her loan completely now for the next 20 years or more ?
Hoping for the best