0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
If you co sign for an auto loan and the person you co signed for is in an accident can you as the co signer be liable for injuries or damages?
No, you can only be liable for the loan. If the car was totaled and did not have insurance then you can be held responsible for the balance on the loan. Any accident or damages that occurred would be the responsibility of the driver/owner of the vehicle. All your signature did was say that you will pay the loan if the borrower fails to do so.
Am you liable for a loan if you did not sign?
You shouldn't be but you should seek legal counselling to be sure.
Will you be liable if you co-sign an automobile loan and your name is not on the title if the automible is in an accident?
Well, you'll be liable for the loan, but that's about it, unless you had something to to with the so-called "accident" (which is rarely accidental, and more often the result of negligence).
Are you liable for a car loan if the owner files bankruptcy and the car was charged off?
That depends on what you're asking. Who filed bankruptcy? The owner of the car or the owner (holder) of the car loan? Did you co-sign on the loan? If you co-signed on the loan and the other signer files for bankruptcy, yes you are liable for the loan. If the owner (holder) of the car loan files for bankruptcy, you are still liable to the owner's creditors (and you need to find out who they are so you can get the lien released).
How do you get an auto loan without a license?
In general, one cannot get an auto loan without a driver's license (that loan will have been acquired fraudulently according to most auto loan contracts). A person can, however, co-sign someone else's loan without having posession of a driver's license.
Can you sign for an auto loan without a driver's license?
Yes, I've done it.
Can someone you live with cosign an auto loan?
Yes. It depends on their credit history and willingness to co-sign and take responsibility for your loan.
What is the wells Fargo assignment department phone number?
I need help with my auto loan sign in.
Can a Canadian co-sign for an American auto loan?
If they reside in the USA, yes. If they live in Canada, no.
If there are two owners on a auto title and only one signs for a auto title loan and dies is the other person responsible for paying balance of loan?
The short answer is yes, if you want to keep the car. Otherwise the loan will go into default and it will be repossessed. If you did not sign for the loan, it will not affect your credit.
Your husband and you had a personal unsecured loan He died do you still have to pay all of the loan off?
If you co-signed the loan, yes, you will be personally responsible for the unpaid amount. if you did not co-sign the loan, your husband's ESTATE may be liable for the loan payoff. Talk to an attorney or the Probate Court for further information.
If you agreed to cosign for a car loan but did not actually sign the contract and your name is a forgery are you liable?
If you did not sign the document, and did not authorize anyone to sign for you, you should be able to get out of the contract. Someone, probably the person that asked you to co-sign, or the salesman for the vehicle, has committed fraud.
