Weve been paying on the loan.
Our relationship with her is non-existent.
He recently became disabled, so our monthly income has decreased significantly.
Is there any way out of repaying the loan?
We have tried repeatedly to reach out to his daughter with no response.
We hesitate to renegotiate the repayment, as we arent in agreement that its truly ours to repay.
What options do we have outside of paying the loan?
Perhaps knowing that authorities could come knocking will provide her the motivation she needs to start righting this wrong.
But as long as you two are paying the loan without reporting the matter, this debt is yours.
With private loans, youre at the mercy of the lender as far as repayment options.
If theres still no resolution in sight, an income-contingent repayment plan could be an option.
Payments are capped at 20% of discretionary income.
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Then, take a look at our roundup ofresources to help you manage your stress and your money.
You didnt say whether your husbands disability is permanent.
His daughter clearly has the information needed to obtain financing in his name.
He should consider acredit freeze, which essentially locks access to your credit report.
That makes it so someone else cant apply for credit in your name.
Shes the one whos making that impossible.
This is a situation where your husband may have to choose the least terrible option.
And even though youre impacted, this is ultimately his decision to make.
