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No, a co-signer is legally and equally obligated until the loan is paid in full or until the loan is refinanced w/o the original co-signer being a party to the action.

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Q: Can the cosigner of a student loan be removed from the loan after the student finishes college and has a job and the ability to repay on his own?
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How can a cosigner be removed from the loan?

The only option is for the loan to be refinanced without the particpation of the present cosigner.


Is there a way for the cosigner to be removed as cosigner if primary owner defaults?

No. The purpose of requiring a co-signer is that in the case of a default by the primary borrower, the cosigner has agreed to be fully responsible for the loan. Therefore, if the borrower defaults, that's what you're there for if you're the cosigner.


Can the cosigner of a student loan be removed from the loan if the student did not use the loan for its intended purpose And the student did not finish college and is not paying the loans?

NO you have s secondary obligation for the note, not the money or how it was or was not used.


How can you get a cosigner off of the title?

If the loan is paid off, the lender will give you a lien release. With that release in hand visit your local DMV to have the cosigner removed.


Can a cosigner be removed from a vehicle title before the signer declares bankruptcy?

Yes, they can be removed from the title although there isn't much point to the action if the vehicle is subject to BK seizure. However it is not possible to be removed from the loan agreement. The cosigner will likely be obligated to pay the outstanding debt.


Are there legal options that a cosigner can use to be removed from an auto loan?

No, a cosigner can only be relieved of the financial obligation by a refinancing of the loan agreement without them being a participant.


How do you get your name off of an auto loan that you cosigned on if other party cannot get another loan and has nobody willing to take over as cosigner?

A cosigner cannot be removed from the debt obligation except by a refinancing of the loan without the original cosigner's participation.


If you refinance a loan to have the cosigner removed and the cosigner has the car how do you go about getting the car from them if the loan and title are now in your name only?

IF YOU LEGALLY REMOVED THE COSIGNER FROM YOUR CAR LOAN,TITLE AND ALL. IT NOW BECOMES A CIVIL MATTER,WITH EVIDENCE ON HAND A LOCAL SHERIIFF'S MIGHT BE HELPFUL SINCE THEY HANDLE CIVIL MATTERS. I DON'T FORSEE ANY PROBLEMS IN ACQUIRING YOUR VEHICLE.


If you were to cosign for a rental agreement how will your credit be affected and how does one get removed as cosigner?

The way it may impact on the credit report depends on if the person pays the rent as agreed. It will also play a part in the cosigner's DTI. Usually the only way of being removed as a cosigner is if the agreement is reaffirmed by the primary holder and the lender. In the instance of rental agreements, a cosigner can sometimes be relieved of obligation if there is a breach of contract. For example, if the person moves someone not on the original rental contract into the apartment.


In New Jersey can a cosigner be removed from the deed without signing the quitclaim deed form?

The obligation of being a cosigner and the inclusion of the person's name on a deed are two different issues. Being removed from a deed does not relieve the cosigner of the financial obligation of the loan. In addition, a quit claim to property is usually necessary, the action needed depends upon the laws of the state where the property is located.


If you helped your mother get a home and her name is on the deed but yours is on the note and she has been missing payments is there an easy way out?

The only option to be removed as a cosigner is to have the secured property refinanced without the cosigner being involved.


Can a cosigner be removed from mortgage loan?

No. The loan must be paid off and you must refinance without the co-signer.