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Student Loans: Could Your Co-signer Kill Your Credit?


The Consumer Financial Protection Bureau released a report by Rohit Chopra that highlighted an important issue in the student loan landscape. Student loans are going into default because a co-signer dies or files for bankruptcy, and it’s happening sometimes faster than borrowers can take action. Till death when you come apart? The CFPB reported receiving ongoing complaints from borrowers who find out upon the death of their co-signer (usually a parent or grandparent) that a […]