No, it is not possible for an underaged person to enter into a financial contract with or without a cosigner.
No, the refinancing without the consent or knowledge of the original cosigner created a breach of the original lending agreement and the cosigner is no longer legally obligated for the debt.
The only way to take a cosigner off of a loan is to refinance it.
The usual legal recourse for the cosigner when the person named as the primary on a loan has defaulted, is to make the payments on the loan. Then, the cosigner can take the person who defaulted to court to try and recoup some of the money they are out. If the loan was for a car, some states allow the cosigner to take possession of the car and sell it to recoup losses also.
A cosigner can only be relieved of the financial obligation through refinancing of the loan without the current cosigner's participation.
A cosigner cannot be removed from the debt obligation except by a refinancing of the loan without the original cosigner's participation.
No.
The only option is for the loan to be refinanced without the particpation of the present cosigner.
No, the refinancing without the consent or knowledge of the original cosigner created a breach of the original lending agreement and the cosigner is no longer legally obligated for the debt.
i was able to get an auto loan with the help of a cosigner and im under 18
The only way to take a cosigner off of a loan is to refinance it.
Normally a cosigner has to be able to pay the loan if the signer does not pay. So the cosigner should have better credit than the person seeking the loan.
Nothing. The only option for being remove as a cosigner is to have the original loan refinanced without the cosigner participating.
The usual legal recourse for the cosigner when the person named as the primary on a loan has defaulted, is to make the payments on the loan. Then, the cosigner can take the person who defaulted to court to try and recoup some of the money they are out. If the loan was for a car, some states allow the cosigner to take possession of the car and sell it to recoup losses also.
A cosigner can only be relieved of the financial obligation through refinancing of the loan without the current cosigner's participation.
No, the cosigner signs on to the loan. Usually, the primary signer owns the car and drives it. The cosigner is there in case the loan goes into default and needs to be paid for. After they sign on the car does not belong to them, but the person who took out the loan.
A cosigner cannot be removed from the debt obligation except by a refinancing of the loan without the original cosigner's participation.
No, a cosigner can only be relieved of the financial obligation by a refinancing of the loan agreement without them being a participant.