answersLogoWhite

0


Best Answer

Co-signor repo?? NO, NO, and again NO. As co-signor, you ONLY guarantee that YOU will pay the loan. It gives you NO other rights to possession. IF, IF, IF you are listed on the TITLE as co-OWNER, you may take possession. ONLY if you are on the title. GOOD LUCK.

User Avatar

Wiki User

โˆ™ 2015-07-15 18:31:41
This answer is:
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
User Avatar

Add your answer:

Earn +20 pts
Q: Can a private party co-signer repossess an automobile from the primary loan signer?
Write your answer...
Submit
Related questions

Do student loans require a cosigner?

No, for the majority of student loans available in the United States you will not need a cosigner. However, for private loans, you will need a cosigner.


Can they come and reposses a car from a private condominium?

Apparently, it is legal for the owner -- in this case, the title holder -- to repossess an automobile so long as the repossessing agent does not break the law in the repossession process.


What happens to your cosigner if the borrower defaults on private loans?

The creditor wil try to get the debt from the cosigner as well.


Am I eligible for alternative student loans?

Most private student loans applicants are required to have a cosigner, especially undergraduates or students who don'tt have a steady income or credit history. The cosigner is required to sign the loan document, but the student is the primary borrower. By signing, the cosigner agrees to be fully responsible for repaying the loan if the student does not fulfill his or her obligations.


Can you repossess a car that was unpaid in a private party sale?

Yes


Can they come on private property in Michigan and repossess your car?

yes


What is a creditworthy cosigner for a private student loan?

a secured loan


Can the borrower of a private student loan change the cosigner during the term of a loan or must she refinance to do that?

AnswerThe short answer is no, you can never change cosigner on a private student loan. If they die, however, it is transferred to you.


Can you legally repossess a private party RV in WA?

Only if you have a lien on it.


Is the cosigner of a private student loan hindered from getting other loans?

The cosigner of a private student loan can and will be hindered if late payments occur. Another downside to said cosigner, that is if they are in school, just like most everything else they best have the money to cover these loans in some type of colateral.


Can the state of North Carolina charge for personal property when they repossess your car?

The state doesn't repossess your car - private companies do that on behalf of the lienholder. They don't charge you for private property left in your car when they repossess it - that would be illegal. They charge a "storage fee" for the items they remove from your car. Underhanded, yes, but they can legally do it.


Is it legal to go onto private property to repossess a car?

No, they are allowed to come and take it away.


How do you remove cosigner from private students loans?

Refinancing in your name, if you have credit, is one easy way to do this.


Can someone come onto a private driveway and repossess a car in the state of Ohio?

YES, if there is no breach of peace


What private student loan companies will help you if you can't find a cosigner?

They're not generally charitable organizations.


Can a cosigner file bankruptcy on a private student loan?

If neither the borrower nor the cosigner have the money to pay back the loan, than bankruptcy is always an option for the cosigner. If you don't have the money, you don't have the money. However, be prepared to lose a good deal of your possessions and absolutely destroy your credit!


How do average people travel within Tulsa Oklahoma?

By private automobile.


Can you get a student loan with no job or a cosigner?

Definitely, you can easily avail student loans without any cosigner with the help of various types of student loans programs available online. You don't have to be employed in order to get student loans. If you don't have any job then it doesn't matter even then you can get this loan. If you search online you will find various types of private lenders like Sallie Mae, Chase, Wells Fargo etc who offers loans to students without any cosigner. So, you can contact any of them and can get private student loans no cosigner.


Can you legally open a security gate on private property to repossess a car?

It is against state law to open a locked gate.


Can a private seller repossess a car?

If the terms and agreements of the sale is not met legally yes they can if they have retained their legal title to the vehicle


Can they come on private property and repossess your car in Kentucky?

Yes they can even though it is on your private propery since you have no longer been making the payments the bank owns it and it is their property and they have the right to retrieve it


How can you obtain a student loan without a cosigner?

You can get a federal loan also known as Stanford loan, as it isn't based on your credit history it doesn't need a cosigner. Private loans also don't need credit history and other stuff.


Is t-moblie private or public?

It is a private company primary owned by Deustch telecom.


Does the lien holder have the right to repossess your car if you left on a handshake and you had no contract and it was a private lender?

Yes. If the lien is valid, a written contract is not necessary and the holder can legally repossess the vehicle in conjunction with the existing laws of the state in which the vehicle is located or in some cases where it was sold.


You bought a car private in Scotland andthe previous owner did notclear the lan now l have a company wanting to repossess it?

i bought a car and the previous owner never paidthe loan off now thereis a company wanting to repossess thecar from me what can l do

Study guides

๐Ÿ““
Create a Study Guide