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It doesn't hurt to ask. They might say no to you especially if their income in not substantial enough to make payments on their own.
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∙ 16y ago
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Does a parent's credit score affect student loan?
If the student loan is taken out in the name of the student then no. The student's credit score is separate from anyone else's. If the student loan is taken out in the name of the parent or with them as cosigner then yes - their credit scores would come into play.
Hoe does one apply to become a student at the University of Strathclyde?
In order for one to become a student at the University of Strathclyde, they must complete the application process. There are several steps taken before being considered a future student at the University of Strathclyde.
Can a cosigner have a primary title holder taken off the title?
If you go to the registration office with the primary and have them give consent to the cosigner
How many days can a student under 16 miss before his license gets taken away in Florida?
how many days can a student under 18 miss school before his drivers license is taken away
Are your parents responsible for your student loan?
If it was taken out before you were 18, it's your parents. After that, it depends on the kind of student loan, and who signed the papers.
If a student loan requires a cosigner is this a bank loan and not a Federal Student Loan and will cosigning affect your potential borrowing power?
A federal Stafford loan does NOT require a cosigner. If you do co-sign a private loan, both parties have liability to the debt. The co-signer is liable for the balance just as if they had co-signed for the student for a car, signature loan, mortgage, etc. It is just a different type of loan that can be taken out from the bank. Liability standards/payment terms can verify by the qualifications of the co-signer or student - so an inquiry to the banking institution you would do these loans for would be the safest bet.
How can a cosigner's name get taken off a student loan if the money was not used for school and he has no idea how or where it was used?
They can't. Once someone consigns for any type of financial transaction, they are basically stuck for the duration. Their credit is equally affected if the lending terms are defaulted. Creditors have the legal right to pursue any actions as provided by the resident's state laws against the primary borrower and the cosigner.
Can a cosigner have their name taken off a home debt?
No. The loan must be paid off to release the co-signer from their obligation.
Can student loans taken overseas?
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Can the primary on a car loan have the cosigner's name taken off the loan without the cosigner's permission or knowledge?
IF the primary has the credit score to satisfy the LENDER, YES. The co-signor will be notified they are no longer on the loan, which will likely make them VERY HAPPY.
If the primary goes to jail can your name be taken off of the loan?
No, a cosigner or co-borrower can only be removed from the obligation of the debt by refinancing.
Is it legal for the landlord to give your cosigner a key?
Yes. The co-signer should be able to inspect the premises she/he has taken financial responsibility for.
