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Can a private party co-signer repossess an automobile from the primary loan signer?
Wiki User
∙ 8y ago
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.
Wiki User
∙ 8y ago
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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.
What is a creditworthy cosigner for a private student loan?
a secured loan
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
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.
How do you remove cosigner from private students loans?
Refinancing in your name, if you have credit, is one easy way to do this.
Is it legal to go onto private property to repossess a car?
No, they are allowed to come and take it away.
