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> Private Loan Default Help, Lien against co signer
LOA4me
post Jun 10 2009, 04:17 PM
Post #1


Group: Newbies
Posts: 8
Joined: 5-January 08
From: SC
Member No.: 65,558
Any and all help is accepted.

I've been cut down to 3 days at my job and am still looking for work.

Today my co signer received a call stating that a lien would be put against her home (this is her only asset) if we didn't come up with $14,000 to pay by 4pm EST.

Neither one of us have that kind of money and know no one who does, I've tried to work out a payment plan with them but the collector has hung up on me repeatedly even spewing vitriol. I owe this money, I do not in any way dispute that, the last payment made was Feb09 in the amount of $1300 (after I received my income tax).

TERI will not call me back and the CA is just no help in giving a reasonable solution. Is there any one I can call besides TERI or the CA. I plan on making good faith payments but honestly I only make $400-600 every two weeks after taxes depending on how many hours I've worked. Can I suggest garnishment to them? my cosigner lives off of SS income, and only owns her home.


IPB





Current Student Loan debt
 
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Googie
post Jun 10 2009, 04:17 PM
Post #
The MoneyMaker

Group: Accounting
Posts: One in Every Topic
Joined: 1-February 03
From: Mountain Home, CA Member No.: 1


 
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