NO...NO...AND...NO.Dont let this person scare you there blowing hot air keep your payments current and dont worry about it and if this person touches your car in the wrong way call the law.
If you are late on your loan payment and are a cosigner on your daughters car can they repposses the car?
Possible fraud charges.
Yes: Your spouse/children can be included on your insurance policy regardless of who was/if there was a cosigner on the car.
Some who has character My Friend it is very difficult to get car loan with no credit and no cosigner although you have to contact some good car lenders in your area they can guide you better.
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.
yes
Yes. If you signed the loan, you are still legally responsible for it.
When you cosign for anyone you are taking 100% responsibility for the payments on that car. If the person that gets the car doesn't keep their payments up it will be repossessed by the bank with an option for the cosigner to take over payments or sell the car and pay back the loan. Marcy
if you take it to your personal bank and ask them how much you need to have paid already they can indeed refinace you and remove the cosigner
If you are late on your loan payment and are a cosigner on your daughters car can they repposses the car?
No, the cosigner signs on to the loan. Usually, the primary signer owns the car and drives it. The cosigner is there in case the loan goes into default and needs to be paid for. After they sign on the car does not belong to them, but the person who took out the loan.
In the State of Texas, the answer would be "YES" as both parties signed for the car loan and both are responsible for the balance due. I was the primary signor but the cosigner had the car and was making the payments. Then she stopped making payments after owning the car for 3 years and the car was repossessed.
You will also be liable for any deficiency balance
Possible fraud charges.
They can still come after the cosigner, and it will still reflect poorly on your cosigner's credit history. You have been absolved of the debt, not your cosigner.
Yes: Your spouse/children can be included on your insurance policy regardless of who was/if there was a cosigner on the car.
If you owe money on a car loan or are a cosigner for a car loan, yes.