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Repossession

Can a co-signer have a car legally repossessed because of non-payments?


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Wiki User
2015-07-14 16:07:49
2015-07-14 16:07:49

NO, that is the job of the leinholder. YOU dont want the responsibility of repoing it either. IF you are listed on the TITLE as co-owner, you can go get your car. Otherwise, sit back and enjoy the fruits of co-signing.

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Yes. If you signed the loan, you are still legally responsible for it.

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women could legally get a checking account on their own without a cosigner in the U.S. in present day today.

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No, the refinancing without the consent or knowledge of the original cosigner created a breach of the original lending agreement and the cosigner is no longer legally obligated for the debt.

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None. A cosigner is entering into a legally binding contract to repay the debt if the primary borrower defaults on the lending agreement. The cosigner does not have any other obligation nor ownership rights to the property.

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If it was repossessed legally then he is guilty of theft


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