when you enroll in a debt management program can you put a loan that has a co-signer on the program?

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when you enroll in a debt management program can you put a loan that has a co-signer on the program?

2007-10-11 11:56:16 · 2 answers · asked by Robert P 2 in Business & Finance ➔ Personal Finance

2 answers

If you do, the lender will likely shrug and start trying to collect from the cosigner.

2007-10-11 11:59:11 · answer #1 · answered by Anonymous · 1⤊ 0⤋

Yes, but your co-signer won't be so happy. Being in a debt management program affects your credit like bankruptcy. And if the debt management program withholds payment like so many do, you co-signer will be getting the collection calls.

2007-10-11 19:28:39 · answer #2 · answered by bdancer222 7 · 0⤊ 0⤋