Your Social Security benefits will be garnished for defaulted federal student loans

[@TheMedicareFamily]

Click on my picture, then use the link in my bio to get my FREE cheat sheet, workshop, calculators, and more!

[@RetiredFreeBird]

Judge Judy says never ever ever cosign on any loan not even for your kid

[@cherylkirby9119]

My friend is having her daughter's car repo tonight so, thank goodness they messed up the paperwork at the dealership. Her daughter is the cosigner. Lol😂 She doesn't realize that screwing herself which makes it even better! 😂 She won't be hit on her credit as bad as she thought at first until I explained it to her. 😂🤣😂

[@MelywoodMedia]

Co sign for no one ever!

[@cherylkirby9119]

EXACTLY 💯 NEVER ALLOWED THE KID'S TO USE A CAR UNDER OUR OUR NAME EITHER For INSURANCE WILL EITHER BECAUSE THEYLL COME AFTER YOU AND YOUR STUFF AS WELL! 🙏🙏

[@dianedeck]

Bet she will still vote for Biden though.

[@cherylkirby9119]

@@dianedeck not talking about the election or slow Joe in this conversation 🤔

[@warmwomyn]

That was pretty grand of you. Yup, I listened to judge Judy. I had a cousin come up to me wanted to "borrow" money. I looked at her Facebook page, she lived more extravagantly much more than me. I told her "no." But showed her how she could save money, showed her these assets were protected, what moves she had to take to protect her assets. She said she had $150 she could pay me monthly. I thought you can pay that to your creditors. Haven't heard from her since. Not a peep. I'm not a bank. Good riddance.

[@cynthiacook4200]

My father told me never to cosign for anybody he wouldn’t even cosign for us kids

[@elizabethdonnelly2034]

Don't co sign for ANYONE!. Friends,family. NONE!

[@TheMedicareFamily]

I learned the hard way

[@elenamayreyes]

Me too. Now the rule is, if I have it, I’ll just give it to you. If I don’t, I won’t.

[@sabatino1977]

If you co-sign, you ARE the borrower.

[@TheMedicareFamily]

True. Very true

[@cryingdemocrats1460]

Never fall for the poor me . Its ok , you are not alone in your kindness. ✝️

[@DennisMartins-pp7ry]

That's what we Great Good people get for helping others without a soul. God Bless you my Sister. You are a treasure as always. 😊😊

[@TheMedicareFamily]

Wow, thank you❤️❤️❤️

[@alissagonzales735]

I have never and never will co sign for anyone. Because it is the best way to become enemies.

[@traceyl9959]

Thanks for sharing your experience.

[@TheMedicareFamily]

My pleasure!

[@chrisk4053]

You certainly had your heart in the right place. Unfortunately you were punished for your good deed. I am leery of almost all go fund me pages or charity events as I have heard one too many of these stories. Love your channel and you tube shorts !!

[@TheMedicareFamily]

Well said❤️

[@generaljane7643]

My first car my dad loaned me the money for it. There was a note drawn up and signed by us both. My dad told me if a payment was late he would be coming to get the car. My dad was one of those that when he said something was going to happen, it happened. I never was late with the payment.

[@TheMedicareFamily]

That’s a great dad!

[@generaljane7643]

@@TheMedicareFamily yes he was and he was part of the Greatest Generation. U S Navy, in the Pacific.

[@mariannehuston4050]

I'm so sorry you got stuck with this!!!

[@Wiredough_62]

Good that you did. Bad that she didn’t. Sorry you got into that mess.

[@griffin7352]

Tell me you really didn’t do this ,, it was just an allegory for your story

[@tracyhasty6506]

I have a friend who co-signed for her sons sports car. He stopped paying on it and didn't tell her. Even though he lives with her. He also was supposed to pay the electric bill. It didn't happen. He switched the electric bill to his name and then his wife's until they cut off service. She went an entire Spring and Summer without electric.. She is financially ruined. I feel so bad, for her. They left, but she let them come back... She is a much kinder person than I am.. I bought cars for my kids to use,in college. They can buy them off of me when they graduate or buy their own. I will never cosign for them and they know it!!

[@TheMedicareFamily]

That’s devastating

[@sz4179]

You didn't know what you didn't know... thank you for helping other people know!! Compounding interest is financial Armageddon imo

[@Jennifer-gd1xj]

WOW!!!!! That was Sooooooo nice of you! But a shame that you had to pay that back and she didnt.

[@TheMedicareFamily]

Live and learn

[@RG-hf4et]

Moral of the story: Never co-sign a loan. Where is this kid now?!!!!

[@TheMedicareFamily]

No idea. Won’t take my calls

[@midwesternoutdoorsandnatur8272]

Thank you for sharing that experience! We can all learn from it. Such good content in a world of videos that just entertain, yours educate!

[@TheMedicareFamily]

Glad you enjoyed it!

[@file13whereareyou]

You have a good heart.

[@SANDYSIBLEY]

Also garnish for unpaid child support payments!!

[@sandranorman5469]

My dead ex owed me $30,000 before he kicked the bucket. Left nothing behind. Married 4 times after we divorced.

[@TheMedicareFamily]

Very true

[@sjay149]

Wait until the student is 26. The kids aren’t on their own until they are 26.

[@cjk6736]

It really is dispicable but not unexpected ted in our current environment.

[@tanderson9115]

You owe, you pay. Simple. Your video’s are terrific, thank you❤

[@TheMedicareFamily]

Wow, thank you!

[@anthonyzarcone8696]

Nice head wrap.❤

[@tamkid70]

Suzi Ormond told a story about this how a lady's son became a Dr and soon after graduating he got cancer and passed away, she was a co signer on all those student loans and she had to pay, horrible. Never co sign unless you can take the debt easily

[@TheMedicareFamily]

Wow that’s terrible

[@RG-hf4et]

What she should have done is taken out life insurance on the kid as soon as she cosigned. I have heard of kids passing away & the parents try to get out of repaying the student loan bc the kid died. The answer was no - you are responsible. Life insurance on a kid is cheap insurance. I took a loan for $75k to start my new business years ago. The bank made me pay for a life insurance policy for $75k in case I died before it was paid off. I thought that it was a pretty smart move on their part.

[@carystehely9418]

Sorry you were taken advantage of...I was too.... fortunately my loan was just forgiven under the fresh start and save plan...

[@amandaford2231]

I have worked with college financial aid for 30 years. I am not aware of a co-signer for a student loan. There is a PLUS loan that parents can take out.

[@amandaford2231]

But, I see primarily Federal Loans. Not Private loans.

[@TheMedicareFamily]

I’m not her parent

[@amandaford2231]

@@TheMedicareFamily if she was not an American. Most likely she could not get a Federal Loan. It would have to be Private. Like the one you co-signed.

[@trimbaker1893]

likable soul ya got there. right on.

[@papasmith1]

Just can't trust some people

[@elenamayreyes]

I co-signed on my sons and the same thing happened. He did pay some but I paid most of it and just got it out of the way. Didn’t want that following me around. But I will never co-sign on a loan again. My rule was to not do it previously too but I gave in. Uhg!

[@TheMedicareFamily]

Live and learn

[@TheMedicareFamily]

Live and learn

[@Ms_AP_]

Sue her and get a judgement so they can garnish her wages. It will also be on her credit report.

[@TheMedicareFamily]

Not worth my time

[@zatomb2574]

Coworker said his father was ill so gave money twice so total maybe $15,000. Never was paid back. I believe his father was sick so that part was true since i did so due diligence but last heard he bought a house. I think he conveniently forgot to pay me back. Phone number changed and have no contact info. Would i do it again? Maybe if another person in a similar situation asked again. Sometimes you can't take a chance so you get burned. I feel sorry for people like this as it becomes part of them forever.

[@TheMedicareFamily]

I’d probably do it again too. Trying to help people is a good thing and most people are grateful

[@dhananjaysshukla4741]

So I learned lesson , don’t hep and never sign as co borrower . I feel sorry for you , you tried to help and look what happened !

[@TheMedicareFamily]

Lesson learned

[@CrazyArt-r5e]

I had no idea!

[@theophaniaikonomou8962]

God bless you

[@elizabethlangheim7214]

People need to understand you are not doing your friend, family member, whoever a FAVOR when you co-sign. You are making a contract with the bank you’ll pay for something you will never get the benefit from. You are telling the bank…I know you do this for a living and determined this person will likely not pay you back so I will.

[@TheMedicareFamily]

I was being kind

[@cesmith48]

Co-operative Education is the better way to go. The Student works and goes to school at the same time. Was this a private Student Loan. Could you get the loan forgiven?

[@modernrustics5069]

Kindness doesn’t mean be a sucker

[@lowermichigan4437]

Got what you asked for. Never cosign on any loan for anyone

[@TheMedicareFamily]

I’d do it again

[@frag_g]

What do you think co-sign means??

[@TheMedicareFamily]

I knew what it meant

[@frag_g]

@@TheMedicareFamily And you were still OK stickin' it to the American tax payer. And you're OK telling everyone. Unbelievable.

[@Hawaiianstyle-dz4xb]

Oh man!

[@annshoemake3007]

You never co sign for ANYONE. EVER. Not children,not parents, not friends and definitely not foreigners.

[@TheMedicareFamily]

I’d do it again

[@wolfiemom7648]

Can they still garnish SSI if the government forgave the loan? Don't want any nasty surprises.

[@TheMedicareFamily]

No

[@HEllis-qu5nn]

Once it's forgiven it's forgiven.

[@armadillotoe]

Why would you cosign for anyone?

[@TheMedicareFamily]

I try to help the less fortunate and I’m not going to stop because of this

[@veronicaleyva165]

I learned the hard way! Never again

[@marlenedonovan7317]

Wow. Who knew

[@craigslistrro709]

Experience is the thing you get when you dont need it anymore

[@ThatJenN10]

How do Kenyan students qualify for a federal student loan?

[@TheMedicareFamily]

She got citizenship

[@MsTerrieLynn]

Ah come on... How much does a year of community college cost??

[@TheMedicareFamily]

$10k

[@HEllis-qu5nn]

Apparently you haven't been to college or had college kids in a long time. College is EXTRAORDINARILY expensive now.

[@troymanteufel6354]

Never ever co-sign for anyone ever I did it for a friend slash employee for apartment lease he didn't pay. He ended up on drugs and put bubble gum in the 🗝️ key hole I eventually talked her m into opening the door and the fight of the century was on!

[@TheMedicareFamily]

I learned my lesson

[@madmax9051]

Wasn’t it possible that you could have sue her because she said that she would pay the loan off.. I am very sorry for your good heart. As I always say, I never apologize for my heart.♥️ whatever the heart wants

[@TheMedicareFamily]

I could. I won’t

[@madmax9051]

Your heart will always do good regardless of the consequences, I truly respect your character and kindness to help so many… I am curious what has been one frequent dream that you’ve had most of your life and no real answer? ☮️☯️

[@madmax9051]

Your a good 🥚

[@alissagonzales735]

Since you know so much about social security it is difficult for me to believe you didn't know this?

[@TheMedicareFamily]

I never said I didn’t know it

[@KevinInPhoenix]

People, they're just no damn good.

[@maryprell3656]

Aww. I hope she gets her karma soon.

[@ritabradley643]

Sorry that she didn't even try to pay it

[@TheMedicareFamily]

Not even $20. That’s what made me mad

[@johnjenson9965]

Dummy Dem?😮

[@PacMan1580]

Precisely!

[@lt5771]

I’m sorry.

[@humblemonkm61]

Why on Earth would you cosign someone's student loans??? Gurl, I live in NYC and I've got a bridge to Brooklyn I can sell ya & I take checks for your convenience (I'm sorry I couldn't help.mystlf but to jazz ya, forgive me!)! 😜😁 Well, at least you learned a lesson that you'll never forget...

[@Sharon-k5z]

Omg this had me rolling😂

[@theeaskey]

I always figured u had a brain , after hearing this I've changed my mind. Maybe next time pick someone close to your family . Affirmative action don't work.

[@TheMedicareFamily]

Thanks for the view but I’m happy to help the less fortunate and I’ll get burned sometimes.

[@laidbacktraveler2580]

That's what being a co-signer means. Obviously you didn't pay attention to your paperwork!

[@TheMedicareFamily]

I knew what it meant

[@DailyGrind-t6j]

There should be a huge penalty for a lifetime delay of repayment

[@RTACDaughters]

What, did you learn?

[@TheMedicareFamily]

Probably do it again. I guess I didn’t learn anything

[@ilyatichtchenko1039]

Now you qualify for student loan forgiveness? 😂😂😂😂

[@HEllis-qu5nn]

Only if it is a federal loan by the US govt. Not private loans.

[@RG-hf4et]

Students who don't pay their student loans REALLY tick me off bc I worked day & night to pay them off. I didn't have a fun college experience or fun spring breaks. I lived at home & commuted to school. I was always working. Track down that miserable kid down & make her pay. She played you.

[@TheMedicareFamily]

Took me 10 years to pay mine off

[@annemariesmith5459]

Sue

[@frankward8003]

Snart people do stupid things...never cosign for anyone with a loan

[@TheMedicareFamily]

I’d do it again

[@RG-hf4et]

Hasn't any college kid alive today ever heard of working your way through college? I went to school at night, summer school, worked Saturdays, etc. .....

[@TheMedicareFamily]

Took me ten years to pay off my loans

[@RG-hf4et]

@@TheMedicareFamily It took me 10 years also to pay off my student loans!!

[@kf1000]

Uggh

[@paulh1745]

I’m disappointed in you, because I know damn good and well that you knew as a cosigner you were primarily responsible for that loan in the event of a default by the borrower, and yet you jacked around for five years before you did what you should’ve done. I think that’s a character issue. Furthermore, I think it shows stupidity that you’re willing to tell the world that you did some thing that dastardly.

[@TheMedicareFamily]

I’ve helped lots of people. Only screwed a few times

[@paulh1745]

@@TheMedicareFamily what is more important than your word? When you are in business, there is nothing more important than your word. I have a FICO score of 840 because I talk the talk and I walk the walk.

[@dectseven]

Lol

[@YvonneWatson-ff5ex]

Every person in my family went to college on student loans. Every one of us finished college and paid them off. We’re all feeling cheated now that the present administration is paying off the student loans (of deadbeats who refuse to pay off their debts) with our taxes. I had to pay off mine and now have to pay off theirs. I wouldn’t co-sign a loan for anyone for any reason again. It’s a painful lesson to learn.

[@TheMedicareFamily]

Took me ten years to pay my loans off

[@HEllis-qu5nn]

College isuch more expensive now than it was. It used to be free or very low cost. You are not even comparing the same thing anymore.

[@TeethToothman]

Co Signor! When an Italian man is your cosigner ❤❤❤ I love your channel🫀🖤🫀🖤

[@TheMedicareFamily]

Thanks for your kind comments!

[@MrSurfingfreak247]

Bwahahahahaha