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The co-signer has no legal right to the income records of the primary borrower. However, the co-signer carries significant weight in the matter. The primary borrower cannot obtain a loan based on their own income. The co-signer should demand to see proof of income and a list of monthly expenses owed by the primary before they sign the loan documents. They should satisfy their own need to determine whether it is feasible that the primary can afford to make the payments since the co-signer will be fully responsible for paying the loan off if the primary stops paying.
When a primary borrower needs a co-signer the lender has determined that it is unwilling to take on the risk that the borrower may default. The co-signer should be fully informed that they are guaranteeing the loan will be paid even if they have to pay it. Therefore the co-signer should make certain they can also afford that loan payment if it becomes necessary for them to step in and pay.
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How can you find out if you are a co-buyer or a cosigner on a car loan and would your name be on the title and registration if you are a cosigner?
Easy, you can check your own credit report OR go to a registries office and do a quick search. A simpler method is to ask the person that is the primary borrower/buyer or call the lender. Either a cosigner or co-buyer can be listed on the title depending upon the agreement made by the persons involved. The title to a vehicle determines ownership, a cosigner generally has no vested interest in the property only the responsibility of the debt.
What are the drawbacks of getting an investment loan?
One drawback of getting a loan is the processing cost. Some borrowers find fees involved with the loan modification. Also, a borrower can be liable to pay income taxes. Before taking out a loan, making sure that payments can be made is very crucial. The lender can begin foreclosure proceedings if they're not convinced of the borrowers ability to make long-term payments.
What is the baby borrowers game?
you can get to the game by going to google and typing in baby borrowers the games then click on the first one
Where can you find a good website for a summary of The Borrowers?
You can find a good summary of "The Borrowers" on websites like SparkNotes, Shmoop, or BookRags. These websites provide detailed chapter summaries, character analyses, and themes discussed in the book. Additionally, Goodreads can be a useful platform to find user-generated summaries and reviews of the novel.
Can a cosigner on a car loan sell the car and report it stolen if their name and the primary borrower's are on the title?
Not unless the person has a desire to find out what the inside of a state prison looks like. A vehicle that has lien on it does not belong to the borrowers until the loan is paid in full. Any action taken concerning the vehicle must be approved by the lender/lien holder. If that is not done the borrower(s) can find themselves in serious legal trouble including being charged with committing a criminal act. In addition, false reporting of a stolen vehicle constitutes a 3rd or 4th class felony in most states.
Why do the borrowers have to remain hidden from humans and what pg can i find it on?
Because the humans will steal their memories ... On page CXCVIII
How ti find smallest income in array?
/* to find smallest income*/ double smalincome=income[0]; for(i=1;i<=n;i++) { if(income[i]<smalincome) { smalincome=income[i]; } } System.out.println("The smallest income is" +smalincome);
What private student loan companies will help you if you can't find a cosigner?
They're not generally charitable organizations.
I just bought a new car but two days later the dealership called and said i need a cosigner I found one and they have very good credit should my APR and monthly payment go down with a cosigner?
No because you applied for the loan with YOUR credit. For whatever reason (you have the right to find out why) the dealership decided you were too big of a risk to be granted the loan you requested. The purpose of the cosigner is that in case you mess up your cosigner will be responsible for the loan.
You are a cosigner on a vehicle and now the primary signer wants to sell the car. If you write a notarized letter giving her permission to sell or trade in the vehicle will this remove the cosigner?
Before, or at least as part of the process of, selling the car, the original loan will need to be repaid. The lienholder will not release title to the buyer until this has happened. There's no need for any letter, notarized or otherwise. This will effectively remove you as cosigner, since that loan will no longer exist. If something other than a straightforward sale is going on, then you should contact the finance company to find out what procedure to follow to ensure that you're no longer on the loan.
Where can I find out about income tax?
Income tax is a tax levied on the income of individuals and/or businesses. To find out more go to http://en.wikipedia.org/wiki/Income_tax
Where can I find printable Maine Income tax forms?
"Where can I find printable Maine income tax forms?"
