What happens to my husband’s credit score if his kids default or die?

Terrence Horan/MarketWatch

Dear Moneyologist,

My husband and I met several years ago and got married. His children were in their 20s by the time we were married.

Here’s a rundown: My husband’s son is struggling financially and his student loan repayment is always late. He and his ex-wife co-signed his student loan for one year at a private college. My husband and I (and his ex-wife) receive letters from the collections each month. It has been going on for years. My husband claimed that his son is paying, but is late and it shouldn’t affect his credit score if the payment is more than 30 days late.

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