Posts by slygardener55

ruggedmaker2 said:I feel like I'm hearing this story everywhere lately. For some reason, people just stop paying their loans, and then the bank turns around and goes after the co-signers because they signed off on the whole mess in the first place.
Honestly, I’m worried there isn't much you can actually do about it, other than trying to file a private lawsuit to get that money back from the actual borrower.

thanks for the reply!
we got a look at the records from the bank a few days ago and not a single payment was ever pulled from the debtor or anyone else... the first payment toward the debt was basically just a third of a social security check a couple of months back

a private lawsuit seemed like the only real way forward, but the debtor is unemployed (working under the table 🙄), and as for the real estate—I'm afraid he already transferred everything to someone else

honestly don't see us getting anything back unless we count the personal satisfaction of knowing we tried, maybe by the time he finally hits retirement age years from now...

quick question

my old man just retired, and according to the Social Security Administration, after his first two checks hit, he got hit with a garnishment for a third of his monthly benefit because he co-signed some loan back in '97... it was one of those government-backed farm equipment loans for about $27, and they didn't even give him a heads-up, they just started docking his pay... we're gonna go talk to a lawyer soon, but I've been digging around online for similar messups and I'm wondering if the statute of limitations has already run out on this...

so, zero fees and no interest when you split Amex or Maestro payments into installments (though there’s a cap at 1000 and $667)

and that overdraft up to $333 carries like an 8-9% interest rate, plus you don't even need a job to qualify?

honestly, this sounds great... I’ve got this similar student package over at JPMorgan Chase that I pay monthly for $1.75, and when I asked about an overdraft, they basically brushed me off because they said it's only for people with steady jobs or retirees... even though my parents have been sending $700 to my account every single month via auto-transfer for two years now since I started school

anyway, I'm closing this useless account at JPMorgan Chase on Monday