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Repossession
Loans
Co-signing

Can a cosigner repossess a car if the primary borrower stops making payments?


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Wiki User
2017-10-10 17:27:51
2017-10-10 17:27:51

Unless you are listed on the TITLE as co-owner, NO.


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Wiki User
2017-10-10 17:25:19
2017-10-10 17:25:19

No. Only the lender can "repossess" a vehicle. You need to keep making the payments to protect your own credit. It is likely you would need to bring a court action, prove you are making the payments and petition the court to order a transfer of title.

Related Questions

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No. You are the primary borrower and are honoring your financial obligation.

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No, but if the borrower misses enough payments, the cosigner will start getting collection calls as well.

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If the cosignatory is willing to take over the payments, and the creditor agrees. But if the primary borrower rufuses to cede posession then yes.

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No. If you are not on the deed, you can't sell the property. The only "right" you have as a cosigner is the obligation to make the payments.


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