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You are legally responsible for the loan. You would want to make certain the car is sufficiently insured and has gap insurance. If you are also on the title then you are legally responsible by way of liability for the car.
Parking tickets are applied to the plate number and an excess of unpaid parking tickets can result in impoundment.
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∙ 12y ago
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The person you cosigned for on a car loan passed away am I still responsible for the loan?
Yes
Is step mom responsible for stepsons car loans after husband dies?
The stepson should be the one responsible for the car loan. If your husband cosigned on the car loan, then you need to contact an attorney on this one.
Is the cosigner responsible for other debts beside the item such as house rental he has cosigned for?
A cosigner is only responsible for the items that he has cosigned for.
The bill for my car comes in my name but I also have a co-signer whose name is not on the bill I need to know who legally owns the car?
If you cosigned for the loan you are joint owners of the car.
If you get married are you responsible for the loan your spouse cosigned for their sibling?
No.
Can your federal tax refund be taken if you cosigned for a truck that was repossessed?
Legally, YES.
How can you get your name off of a car note you have cosigned on?
you and the party you cosigned have to talk to who you have the note with and they should be able to help you out
What can happen to you if you cosigned on a new car?
If the signor fails to make payments, you are responsible. By co-signing, you say that if the signor can not pay, you will would gladly make the payments.
Can a cosigned car be taken out of state of Washington?
yes it can
If a car was voluntary repossessed and the cosigner was not notified is the cosigner still responsible?
Yes. If you signed the loan, you are still legally responsible for it.
What are my rights if a loan I cosigned for isn't paid?
A co-signer is fully legally responsible for the debt of the loan if the other person on the loan fails to pay as per the signed loan contract. All rights and responsibilities are in the contract.
You had a car repo 8 yrs ago that your exhusband cosigned for and they just now are wanting the money is he equally responsible for what you owe on it or just you we divorced 2 years before your repo?
You are both equally responsible for the money owed on the car because it is on both of your credit reports; cosigning makes both people responsible for the payments.
