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Can a cosginer for a car loan be left off the title?


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Answered 2008-05-27 09:34:20

Some banks allow it as long as there is a notice to cosigner form from the bank signed. It states that even though your name isn't on the title you can still be responsible for the bank note.

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What is a title loan?

'Title Loan' is a loan you will be getting of having a car loan on your on name.


What happens if you Car title loan in default and car is totaled?

Typically you need a car with insurance to get a title loan. If your car is totaled, the loan company are entitled to that money since they hold the title for your car.


Can you sell a vehicle if the cosigner refuses to sign off on the loan?

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Can you take out a loan on a car with no title?

No u have to have a title.


How do you get your car title from Bank of America?

The only way to get your car title back from the Bank of America is to pay of the loan that the title is collateral for. If the loan is paid off, they will send you the title in the mail.


Can your car be repossessed on a title loan after gone into collections?

Yes, your car can be repossessed if the title loan is in collections. Actually, this is one of the most common ways for a defaulted title loan to be settled.


Can you be on title but not on the loan?

car is in wifes and my name, she got a title loan unknowingly from the husband. She defaulted, can they take the car from the husband?


Can you take out a loan if you own the car and have the free and clear title and want to use the car as your collatoral?

You can you take out a loan if you own the car and have the free and clear title by going to a high-risk lender. This type of loan is called a title loan, and the lender will put his name on the title to your car until the money is repaid.


Can you sale the car without the loan cosigner's permission?

If they are not on the Certificate of Title you can sell the car. However, generally, the Title is held by the lender until the loan is paid off. You cannot sell a car without the Certificate of Title.If they are not on the Certificate of Title you can sell the car. However, generally, the Title is held by the lender until the loan is paid off. You cannot sell a car without the Certificate of Title.If they are not on the Certificate of Title you can sell the car. However, generally, the Title is held by the lender until the loan is paid off. You cannot sell a car without the Certificate of Title.If they are not on the Certificate of Title you can sell the car. However, generally, the Title is held by the lender until the loan is paid off. You cannot sell a car without the Certificate of Title.


Can you get car title loan when two names on title?

yes


If you have a bad payday loan can you still receive a car title loan?

yes if you are lucky enough. I guess nationwide car loan executives are very smart enough to give you car title loan even if you are having bad payday loan.


Bought a car out of state but loan is with your bank Who receives the title?

The bank receives the title until the loan is paid. If the loan is paid off then you receive the title.


If i didn't pay my title pawn and they don't come get my car what can i do about the title?

Assuming you used the car's title to guarantee the loan - IF you fail to repay the loan, they can repossess your car ANY time they want to ! The title of the car remains the property of the loan company until you repay your debt.


What are the disadvantages of car title loans?

There are a few disadvantages to a car title loan including high interest rates. Loss of equity in the event of default and a short period of time to pay back the loan are also drawbacks to a car title loan.


What do you need to do to get a loan against your car?

A clear title for that car.


Can you get a title loan on a leased car?

No, because it isn't your car.


What is tax title and loan?

When you purchase a car you have to pay: Tax: Sales Tax, Licensing Title: You have to pay the state to register the vechicle (and be given the title to the car) Loan: the loan for the car and the associated fees Those various costs are often referred to as the Tax, Title, and Loan costs of a car. A 10,000 car may have a 6% sales tax (600 bucks!) registration may run you a few hundred, and then any loan fees (normally rolled into the loan).


Can I use my car's title as collateral for a car equity loan?

When it comes to using collateral for a car equity loan using your car title is an option through certain loan providers it just depends on their qualifications and the value of your car.


Can you get a title loan on a salvage title?

Most banks or independent title loan companies will NOT give you an AUTO loan or consider the car as collateral on a Salvage title car. Some dealerships have been know to sell salvage title vehicles and submit the title for a loan, unbeknownst the bank or the vehicle's owner. This is not illegal in some states. Always ask to see the title when purchasing a used car from an unknown dealership.


Can credit union hold title on car if car used as collateral and loan is default?

Yes. That's why the credit union has possession of the title. If you used the car as collateral for a loan and default on the loan the lender will take possession of the car and sell it to offset what you owe on the loan.


How do I go about getting a title loan so I can make a mortgage payment?

You will find auto title loan companies in your community. Take the title to your car with you and talk to them about a loan. Your car title will be your security for repaying the debt. Just be ware if you do not, they can repossess your vehicle.


Where can one get a car auto loan- credit bad?

Title max at 411 West Broad Street is one place you may put up your car title for a loan. You do not need a good credit rating to obtain a loan here. All you need is an id and a clear car title to get this loan at Title max.


What happens if I don't repay an auto title loan?

You will lose the car if the Auto title loan is not paid. The lapse in repayment can result in reposession of the car.


What does it mean if there's a lien on a car title?

A lien on a car title most typically means that money is still owed on the car. When a person takes out a loan on a car a lien is put on the title until the full repayment of the loan.


Does a person who shares the title on a car but who is not on the loan have any legal responsibilities if the car is repossessed?

NONE on the loan.


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