What is the name of your state?Co-signer state is Indiana, Primary borrower's state is North Carolina.
I know that as a co-signer I have just as much responsibiltiy to repay the loan as he does. I've learned my lesson for a so-called brother-in-law
Here is the background, he took out a student loan for a microsoft class. It's not a typical student loan, Wells Fargo has it. I'm getting the original loan papers from them soon to go over it again. We have had the loan about two or three years. After about six months he begin to run into financial issues; divorce etc. Therefore he started sending in his payments late sometimes, other times not paying at all. So I ended up making the payment. This has happened off and on since then.
Of course I've tried to tell him to refinance on his OWN, but he hasn't or he claims his credit is too bad to have anyone refinance him. I know I don't have too many options here, but are their some ways to make him or force him to refinance? One option I was thinking was when I get my money straight just take out a loan and pay it off and sue him to get it back? Does this make any sense?? Or would I just be letting him off the hook? Any ideas or help would be appreciated.
I know that as a co-signer I have just as much responsibiltiy to repay the loan as he does. I've learned my lesson for a so-called brother-in-law
Here is the background, he took out a student loan for a microsoft class. It's not a typical student loan, Wells Fargo has it. I'm getting the original loan papers from them soon to go over it again. We have had the loan about two or three years. After about six months he begin to run into financial issues; divorce etc. Therefore he started sending in his payments late sometimes, other times not paying at all. So I ended up making the payment. This has happened off and on since then.
Of course I've tried to tell him to refinance on his OWN, but he hasn't or he claims his credit is too bad to have anyone refinance him. I know I don't have too many options here, but are their some ways to make him or force him to refinance? One option I was thinking was when I get my money straight just take out a loan and pay it off and sue him to get it back? Does this make any sense?? Or would I just be letting him off the hook? Any ideas or help would be appreciated.