Monday, July 30, 2012

All Education Matters: "Woman's on the Hook for a $25,000 Student Loan She Never Knew Existed"

All Education Matters: "Woman's on the Hook for a $25,000 Student Loan She Never Knew Existed":


"Woman's on the Hook for a $25,000 Student Loan She Never Knew Existed"

Mandi Woodruff put out a recent article about a woman, Alice Cortes, who somehow owes $25,000 to Sallie Mae. What's the main problem? She co-signed for a person who seems to not exist.

I have heard from a number of people who paid off their loans, only to later learn that the loan was somehow turned over to collections and still existed. Several of them learned about these loans after they tried to buy homes, and they discovered that their credit was ruined.

In this case, Cortes never took out the loan for this individual, so she is at a loss to determine how to solve the