Me: 22 year old techie living in San Francisco. I make $90k a year, have $8k in savings, $12k student loans, and pay $2k rent a month. I plan to leave my job in a year, using it's IPO to fund my own business.
Dad: 62, retired, living in FL. For what it's worth, he co-signed on $8k of my student loans. He claims that a friend was going to sponsor her as he did before when she visited, but can no longer due so since he lost his job, but will also fill out the joint sponsor form when he finds a new one, and needs me to do it now because the appointment is at the end of the month. He claims he's gonna marry her so she would become a citizen in 3 years.
Her: 51, seemed like a reasonable person. I met her once for a week when I was visiting my dad and he was staying there. She doesn't speak much English, but runs a business in Russia (I don't know what kind though).
My dad says I will basically be last in line for collection, though I don't know how accurate that is. As far as I can tell the government can go after any of us for payments regardless of who's the primary sponsor. Is this accurate?
I'm concerned about what would happen if she got sick. Does my bank account basically become her insurance provider? And I'm also afraid that if I have to start making payments when I'm starting my business, it would cause it to fail and I would lose all the money I would have sunk into it. How accurate is my understanding of this? Is this something I should speak to a local attorney about? Is there anyway I could reduce my sponsor obligation to a year or so?
Dear gawd what should I do... I worked really hard to claw my way up from poverty to get here, and I'm afraid this could cause my to drop right back down through no fault of my own.
Dad: 62, retired, living in FL. For what it's worth, he co-signed on $8k of my student loans. He claims that a friend was going to sponsor her as he did before when she visited, but can no longer due so since he lost his job, but will also fill out the joint sponsor form when he finds a new one, and needs me to do it now because the appointment is at the end of the month. He claims he's gonna marry her so she would become a citizen in 3 years.
Her: 51, seemed like a reasonable person. I met her once for a week when I was visiting my dad and he was staying there. She doesn't speak much English, but runs a business in Russia (I don't know what kind though).
My dad says I will basically be last in line for collection, though I don't know how accurate that is. As far as I can tell the government can go after any of us for payments regardless of who's the primary sponsor. Is this accurate?
I'm concerned about what would happen if she got sick. Does my bank account basically become her insurance provider? And I'm also afraid that if I have to start making payments when I'm starting my business, it would cause it to fail and I would lose all the money I would have sunk into it. How accurate is my understanding of this? Is this something I should speak to a local attorney about? Is there anyway I could reduce my sponsor obligation to a year or so?
Dear gawd what should I do... I worked really hard to claw my way up from poverty to get here, and I'm afraid this could cause my to drop right back down through no fault of my own.