Cosigned on student loan - am i screwed

[TX_92_Notch]

Have you tried hitting him? (j/k)

I was going to be disappointed if this wasn't one of the first replies.

Looks like you're going to have to bang his wife.

And this.

This! Then take him to civil court and get a judgement that likely won’t do shit

My thoughts as well.

If you go to court, you will very likely get a judgememt in your favor. But I bet he’d never pay it too. So your choice is pay or default. If it’s a govt backed loan it’ll never go away either. If its private it might but the phone calls and harrassment will be forever. I signed for my ex and it ended up part of our divorce decree.

It is private which makes it worse. None of the government programs for student loans apply to private loans.

How does he acquire all of those nice things with shitty credit?

I see Karma in his future.

They bought the new house while their credit was up. It helps a lot when someone else is paying the one bill you repeatedly ignore. Works wonders for your credit score.

Post pictures of the wife.

I see her maybe once every 3-4 years.

[Juiced4v]

What EvilJ said....

and Small claims court..

[Jose]

Post pictures of the wife.

[CexMashean]

[Captain Crawfish]

Shiny new cars? And your paying their bills? I’m sure you’ll figure something out

[line-em-up]

How does he acquire all of those nice things with shitty credit?

I see Karma in his future.

[AnthonyS]

I made the biggest mistake of my life and cosigned on a student loan for a childhood friend many years ago.

Any ideas?

If you go to court, you will very likely get a judgememt in your favor. But I bet he’d never pay it too. So your choice is pay or default. If it’s a govt backed loan it’ll never go away either. If its private it might but the phone calls and harrassment will be forever. I signed for my ex and it ended up part of our divorce decree.

[Stephen]

Have you tried hitting him? (j/k)

Looks like you're going to have to bang his wife.

This! Then take him to civil court and get a judgement that likely won’t do shit

[red89notch]

Looks like you're going to have to bang his wife.

[The King]

Have you tried hitting him? (j/k)

[helosailor]

Lawyer up maybe?

[TX_92_Notch]

I made the biggest mistake of my life and cosigned on a student loan for a childhood friend many years ago.

I've been making the $386 monthly payments for more years than I care to admit. I've easily dumped $10k on this loan because this MF'er won't pay his debt and I can't afford to have my credit screwed beyond repair.

I know, I signed on the dotted line. It was the dumbest thing I've ever done. My question is: do I have any LEGAL recourse whatsoever? Can I take him to court?

He lives in a nice house. He and his wife both have shiny new cars. His two boys have nice dirt bikes. He has a four wheeler and a cruiser. He's absolutely fucking me and he and his wife both know it. They don't give a shit (his wife recently told his twin brother "fuck him, my family comes first"). I want to burn him down financially if there's any possible way I can do it.

At this point, I don't even care about getting any of my money back. I just want out of the loan. Or I want to confiscate his property, sell it and pay the payments with it. Or put a lien on everything he owns. Something.

The only tiny defense he has is that he's tried to refinance it without me on the loan but his credit isn't good enough (I was in the room when he tried). I even tried refinancing it at a different lender to get better rates and they wouldn't approve the loan if he was on it. And of course none of his or her family are willing to cosign in my stead.


Any ideas?