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If you co-sign a card does the borrow get the same apr as the co-signer?
Wiki User
∙ 19y ago
Yes, a co-signed account is the same as a joint account. Terms are the same for both users.
Wiki User
∙ 19y ago
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If someone cosigns for his granddaughter to borrow money to start a business and she defaults can the bank go after his home his only asset?
If you list your assest to cosign and the house is the asset. Your will then be responsible to repay the loan. As a co signer you have the same responsiblity to pay the loan as the signer. Not recommended to co-sign on a note unless you have the funds to pay it in full
If a lender does not provide a cosigner agreement am I still liable for the loan?
# I have never had to provide a cosigner agreement to someone who is cosigning a loan. I am talking about Tx, NY. and Kentucky. If you signed the same promissory note with the other person, then you are both responsible! CORRECTION: If you are speaking of the Notice to Cosigner below: Notice to Cosigner You are being asked to guarantee this debt. Think carefully before you do. If the borrower doesn't pay the debt, you will have to. Be sure you can afford to pay if you have to, and that you want to accept this responsibility. It is against the FTC rules and against the law not to provide have have a potential cosigner sign.
Does lend mean the same thing as borrow?
No, lend means to give to someone; borrow means to have someone give you something that you return after a certain amount of time. For example: I'll lend you my pencil. Can I borrow your pencil?
Can borrower and cosigner checks get garnished at the same time?
No, the law allows for only one garnishment action by a creditor to be in force.
Does a cosigner need to have the same address for an auto loan?
Usually not. The decision is up to the lender, but it would be a very odd requirement.
Are private student loan cosigners in danger if you default on other loans they didn't cosign?
OP here with more details: the private student loans they are cosigned on are current/paid on time, but other private student loans (with the same lender) are about to default. Can this in any way cause problems for my cosigner?
What are the requirements of an auto cosigner in Indiana?
An auto cosigner, in the state of Indiana, has to meet all of the requirements of the contract. In most cases the cosigner has the same obligations as the primary signer.
Can you remove yourself as a cosigner?
Not unless the the money is paid back by the borrower or if it's a lease, it's until they move. Usually when the principle person defaults on a loan or rent, they come after the cosigner. So, unless the person responsible for the moneys credit goes up so they don't need a cosigner, you are responsible if they default. Never, ever, cosign for anyone, especially family. The same goes for lending money too. If you're going to "lend" money out, you mind as well expect never getting it back. This is how so many relationships are ruined.
Can you use a library card at any library?
Generally speaking, you cannot use a library card to borrow materials from just any library. However, there are ways to gain access to several different library systems with a single card. Some places have a regional library card that allows you to request and borrow items from other library systems - for example, if you lived in one town, you can borrow items that are found within the library of another town that's located within the same state/province.
If someone cosigns for his granddaughter to borrow money to start a business and she defaults can the bank go after his home his only asset?
If you list your assest to cosign and the house is the asset. Your will then be responsible to repay the loan. As a co signer you have the same responsiblity to pay the loan as the signer. Not recommended to co-sign on a note unless you have the funds to pay it in full
Difference between lend and borrow?
they are the same
Does incubate and borrow mean the same thing?
No
Can the cosigner demand that the car remain in the same state where he or she resides?
No, a cosigner does not have any legal rights to the vehicle, but does have the legal obligation to repay the debt if the primary borrower defaults on the contract. An exception could be if the cosigner is also named on the title to the vehicle, and if so, how the title is worded.
What can a 70-year-old cosigner on a car loan be held responsible for if the loan is found in default?
The cosigner has the same legal obligations to repay the debt as does the primary borrower. If the primary borrower defaults, the lender can begin proceedings to collect the full amount owed plus applicable fees from the cosigner. A cosigner can be sued just as can the primary borrower. And if the primary borrower claims bankrutpcy, the cosigner will still get "stuck" with the debt. The credit report of the cosigner will be equally affected, either in a positive or negative way, depending upon the circumstances.
Can you borrow from the same lender to repay a student loan?
i think you should not borrow the money because how are you going to pay back but if you have a plan to pay back go ahead and borrow
How bad does it affect the cosigner's credit if the borrower has the car voluntarily repossessed?
It has the same effect on the credit.
Is a card insert the same as a reprint card?
A card insert is the same as a reprint card.
