Sentences with phrase «co-signers than the borrower»

Collection agencies may harass co-signers to obtain payments if they think chances are better of recovering money from co-signers than the borrower.

Not exact matches

Federal loans don't require a credit history or a co-signer, and they offer more generous protections for borrowers than private student loans do, such as income - driven repayment and loan forgiveness.

What is worse than that, lenders frequently use the death or bankruptcy of the co-signer as a trigger to demand the immediate full repayment of the entire amount of the loan from the student borrower.

In another case, the primary borrower became disabled, and the co-signer was able to use that as leverage to negotiate a buyout for much lower than the balance of the loan.