My Navient Co-Signer Does Make Much Money and I Need to Get Them Off

Question:

Dear Steve,

Private loans with Navient. My dad is a co-signer and does not make much money himself. I am paying about 670 a month, and that’s the “income driven” plan, but takes up the majority of what I make a month. Sometimes leaving me short on rent, not eating well or regularly, et cetera.

What are the pros and cons of refusing payments when you have a co-signer? Can they garnish wages? Is there a way to try to refuse payment and hope to negotiate down or expire my debt without hurting my co-signer?

Chris

Answer:

Dear Chris,

Damon Day and I answered your question on the podcast yesterday. You can listen to your answer below.

Steve Rhode
Get Out of Debt GuyTwitter, Facebook

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This article by Steve Rhode first appeared on Get Out of Debt Guy and was distributed by the Personal Finance Syndication Network.

The post My Navient Co-Signer Does Make Much Money and I Need to Get Them Off appeared first on Personal Finance Syndication Network.

About Damon Day

As a Debt Coach and a Financial Advocate, I have saved my clients Millions of Dollars by exposing the debt relief scams that other consumers fall victim to. I work directly for my clients to create custom debt relief strategies based on their own unique circumstances. Consumers who speak with me first, come out far ahead of those who don't, every single time. Guaranteed. +Damon Day