Can I use signor oppose to signer?
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What happens to a co-signer if the signer of the loan files bankrupt?
Asked in Auto Loans and Financing, Repossession, Loans
What can the co-signer do if the borrower can't make their car payments?
"""the co-signer do if the lender can't"""????????? New one on me... IF the debtor/signor cant/wont make the payments, the co-signor is obligated to make the payments to the lender. The co-signor can demand/beg/plead/con/coerce the signor to let co-signor have possession of the collateral just like the lender will if the payments dont get made. Does that help?
Asked in Repossession, Loans, Co-signing
If a car is repossessed will the co-signer be left with bad credit?
Can a private party co-signer repossess an automobile from the primary loan signer?
Asked in Law & Legal Issues, Repossession, Co-signing
If a co-signor can not pay what will happen to the co-signor?
Asked in Loans, Mortgages, Money Management
Can a mortgage company place a lien on a cosigner's home?
Asked in Repossession, Co-signing, Liens
Can a co-signer have a car repossessed if there is no lien?
What happens when you are a co-owner of a vehicle that was used as collateral for a loan by one of the parties and also had a co-signer?
""co-owner of a vehicle"" means you are listed on the TITLE and just that. ""collateral for a loan by one of the parties and also had a co-signer"" IF you are not on the loan, then you are not responsible for paying it. The signor and co-signor will have to pay the loan. However, IF you want/need the car, you may wind up paying the loan just to get the car. Otherwise, you lost your car if it gets repoed.