How about your wife of less than a month finds out that her MOTHER racked up $60k+ in student loans in her name that she never knew about..
My wife of less than a year just sprung on me that she has over 50,000 in school loans.
quote:Has to be something you could do about this
Could be worse.. How about your wife of less than a month finds out that her MOTHER racked up $60k+ in student loans in her name that she never knew about..
I guess I should have worded that differently.. My wife knew about the loans, but didn't know the amount was as high as it was...
One of those things where a normal person would decide between taking out a massive loan, or pinching pennies for a couple of years.. In this case, MIL felt it was easier to just take out the massive loan and dole out cash as she saw fit.
So your wife agreed to cosign on a loan without knowing the amount?
Actually this reeks of BS too, because I've cosigned every one of my wife's student loans and the documents all have the amount that is being requested listed.
In college, my parents took out a loan in my name to pay off tuition. I don't remember signing anything.. I could easily see someone thinking that the loan would be small when in actuality it was really big.
My loan was only $2k fwiw so it was really no big deal.