0
Can a cosigner have their name removed from a loan if the co-signer is incarcerated?
Wiki User
∙ 12y ago
No. The co-signer would be responsible for paying the loan.
No. The co-signer would be responsible for paying the loan.
No. The co-signer would be responsible for paying the loan.
No. The co-signer would be responsible for paying the loan.
Wiki User
∙ 12y ago
Wiki User
∙ 12y agoNo. The co-signer would be responsible for paying the loan.
Add your answer:
Earn +20 pts
How do you get your name off of an auto loan that you cosigned on if other party cannot get another loan and has nobody willing to take over as cosigner?
A cosigner cannot be removed from the debt obligation except by a refinancing of the loan without the original cosigner's participation.
If you refinance a loan to have the cosigner removed and the cosigner has the car how do you go about getting the car from them if the loan and title are now in your name only?
IF YOU LEGALLY REMOVED THE COSIGNER FROM YOUR CAR LOAN,TITLE AND ALL. IT NOW BECOMES A CIVIL MATTER,WITH EVIDENCE ON HAND A LOCAL SHERIIFF'S MIGHT BE HELPFUL SINCE THEY HANDLE CIVIL MATTERS. I DON'T FORSEE ANY PROBLEMS IN ACQUIRING YOUR VEHICLE.
If a borrower signed a loan for a cosigner is there a way the loan can be changed into the cosigner's name without refinancing?
No.
Can the primany buyer of an auto loan refinance the auto loan in the cosigner's name only?
No. The cosigner would have to apply for a loan in their name using their credit, income data.
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.
Can my cosigner take their name off the loan without my permission?
The only way to take a cosigner off of a loan is to refinance it.
If you are a cosigner in someone's loan for a line of credit and he is at default what can the cosigner do to take his name back?
Nothing. The only option for being remove as a cosigner is to have the original loan refinanced without the cosigner participating.
What can you do if you co-signed an auto loan and three months later you want your name taken off?
The only way to be removed is to have the loan refinanced by the primary borrower without the participation of the cosigner.
How can a cosigner get out of paying for a loan?
Can't unless you get your name off the loan. The person you co signed for has to get the loan changed out of your name.
Can a primary borrower have their name removed from a loan with a cosigner?
Names cannot be removed from loan contracts. New contracts can be written to superceed prior contracts, which in the case of a personal, auto or home loan means refinancing the loan. The lender offered the credit based on the qualifications of the parties who signed; therefore removing a party changes the qualifications for the loan.
Can a cobuyer refinance a auto loan and remove the buyer from loan?
Buy cobuyer I wonder if you mean cosigner on a loan. If this is the case then the answer is no. As a cosigner you are simply agreeing to pay the loan if the person who took it out does not. It is in his or her name and you are responsible for it if they do not pay it.
How long does the co-signer have to stay on an auto loan?
A cosigner is obligated as long as the loan exisists. The loan must be paid off or refinanced into the primary borrower's name only to release the cosigner.
