The loan must be paid off or refinanced in the name of the primary borrower alone.
A cosigner is equally obligated for the debt until the loan is paid or refinanced in the name of the primary borrower. The co-signer can't easily be removed from the debt. The reason you have a cosigner in the first place is because the primary borrower may not have had a sufficient credit rating or prior loan payment history. If the loan balance can't be paid off, the only option is for the loan to be refinanced without the co-signer.
The primary borrower must be willing and qualified to refinance. You must discuss it with the lender. If the primary borrower's credit rating has improved since they took out the loan, the lender may give them a new loan to pay off the old one. Absent the primary borrower being able to get a loan on his/her own a co-signer can be removed only if the lender is willing to let you off the hook. That's not common, and why should they?
Typically a parent will co-sign for a child with no credit history, a business owner will co-sign as an individual for his business, or, a partner or parent who is not on the deed will co-sign a mortgage. If you co-sign a loan for another party and they default on the loan, you are responsible for paying the loan. You guaranteed it.
The only option is for the loan to be refinanced without the particpation of the present 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 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.
No, a cosigner can only be relieved of the financial obligation by a refinancing of the loan agreement without them being a participant.
No. The cosigner would have to apply for a loan in their name using their credit, income data.
The only way to take a cosigner off of a loan is to refinance it.
No. The loan must be paid off and you must refinance without the co-signer.
No, a cosigner or co-borrower can only be removed from the obligation of the debt by refinancing.
Nothing. The only option for being remove as a cosigner is to have the original loan refinanced without the cosigner participating.
No. The only way to be removed as a cosigner is for the loan to be refinanced assuming the lender will allow that to happen.
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.