Moving On

I'm still looking for anyone with information about cosigning a student loan with a previous bankruptcy (discharged in September of 2001). We we ever be able to cosign even after the bankruptcy is off the records? The question is always asked "Have you ever filed bankruptcy?".

Will we ever be free to move past what we had no choice to do?

I think it would depend on your credit scores, and, in a way, you are less of a risk since they know you can't file BK soon again.

I think it would depend on your credit scores, and, in a way, you are less of a risk since they know you can't file BK soon again.


It seems a lot of creditors are not quite catching on to this yet. I mean you'd think that we would be HIGH priority people to give credit to.... I don't get it.

It seems a lot of creditors are not quite catching on to this yet. I mean you'd think that we would be HIGH priority people to give credit to.... I don't get it.

I think it's due to the terrible misconception that only cheaters, slackers, and the totally irresponsible have to file bankrupcty. How can a creditor trust someone like that to pay back borrowed money? This myth is so well-fueled by our creditors and the money people that are behind them that it's like trying to dispel a well-established urban myth to get people to see the truth - 80% of us file because of overwhelming medical bills, divorce, or job loss. The creditors want us to be so ashamed and fearful of what others will think of us that we will avoid filing bankruptcy at all costs and keep on paying them. And the stigma around bankruptcy is so strong that most of us will do everything we can past the point of all reason not to file until there's literally no choice left. It's beyond sad.

We have friends that filed BK years ago when their kids were tots. They've co-signed student loans for their kids to go to college. Their kids didn't have any problem at all getting loans that Mom and Dad co-signed for. Mom and Dad are like most Americans. Juggling mortgage and CC debt. Credit Scores average right around 700.