What are my legal options?
i co signed with my cousin on her student loans with the agreement that she would refinance after two years of school. Since then she is about to graduate and has gotten married, bought a house etc. As of today she told me i had to pay her 1000 dollars to go to the trouble of her refinancing. How can i get out of this if she wont hold up to her end of the deal?
On top of that, the student loans add up to 54,000 dollars….
Ok what’s wrong with this picture? You have to pay her $1000 just to refinance, if it’s her loan why should you have to pay? You need to check within your state to see what the statue of limitation is for a verbal or written agreement. If you’re still within that time frame, take her to small claims court. It’s sad that you have to bring it to this level but if she’s not willing to keep her end of the agreement and/or she’s not paying on the loan and you’ve made payments to keep your credit good then you’re going to have to sue her.
