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Many lenders have a co-signer release option! Just ask them.
ADDED: most lenders that offer this option require a history of 2-5 years of consecutive, on-time payments.
Wiki User
∙ 8y ago
Wiki User
∙ 13y agoContact the lender or your educational institutions financial assistance office - procedures will vary.
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How can you have your name removed from your daughter's student loan if she frequently misses payments?
You can't.
Does a cosigner on a mortgage mean that person is an owner of the property?
Yes it does, Only after you refinance the property may you take the cosigners name of the mortgage loan.
Student loan co signers I filled chapter 7 bankruptcy in Michigan can my name be removed from the sallie Mae student loan that I co signed with my son under Michigan bankrutcy law?
Most student loans are not dischargeable under any chapter of Bankruptcy in Michigan.
Does a parent's credit score affect student loan?
If the student loan is taken out in the name of the student then no. The student's credit score is separate from anyone else's. If the student loan is taken out in the name of the parent or with them as cosigner then yes - their credit scores would come into play.
Can I remove my ex-wife's name from my mortgage deed and loan through a loan modification?
No. Her name can only be removed via a refinance.No. Her name can only be removed via a refinance.No. Her name can only be removed via a refinance.No. Her name can only be removed via a refinance.
How easy is it to have your name removed from a car loan?
You cannot get your name removed from a valid loan. If you signed the contract your name remains in place until the loan is paid off. The only time I have seen the name on a valid loan adjusted was when a signer passed away and another party legally assumed the loan from the finance company. And no, divorce decrees will not help you.
Can the co-buyer have their name removed from the title once the loan is paid off?
Yes, the co buyer can have their name removed from the title. You can go to the title office and have it removed.
Can a cosigners name be taken off a loan within a year?
I wish your name could be taken off in a year. As long as that person owes money on the contract you are stuck to that contract like white on rice. I'm in the same sinking ship as you.
What happens if you get a student loan and then decide not to go to school?
Probably nothing PROVIDED you pay back the loan. It depends upon whether it was a condition of the loan that you DO go to school. In any event, whether or not you go to school, by its very nature it is a student LOAN and not a student GIFT so you must expect to repay it - one way or another. By its very name it is a student LOAN and not a student GIFT. So whether or not you actrually go to school you will have to repay it. What ELSE did you imagine?
Im a cosigner on a loan need to get my name off and file a civil suite on the primary person?
If you are a cosigner on a Federal Student loan, then the only way to get your name off the debt is to get the primary borrower to consolidate the student loan in only his/her name. This will remove you from the debt. If it's not a student loan, you are stuck. You can file a civil suit regardless, though. It has nothing to do with the loan papers. You signed them and if the other person is not paying, you are next in line for the collection agency. If the civil suit is because the person is not paying the loan, it's not a civil suit. You can't have the person pay YOU so you can pay the loan. They have to pay the loan and if they don't, you are just as responsible as if it was your loan to begin with. Never co-sign!
Can a parent loan be signed over to a student?
In the US, unfortunately the answer is no. A parent PLUS loan must stay with the parent. If you cosigned on a loan for your child and the loan is federally guaranteed, then you can get your name off of the loan by having your child consolidate the loans. If you need help with the consolidation of the student loans, click on the link at the bottom of this text box.
Who is responsible if 2 people co-signed a student loan which the student defaulted on?
Who pay's a defaulted studentThe student is responsible and if judgment is granted then they take money either from their pay check's or their income tax will be held for payment until debit is payed. So the student has either garnessment of wages or tax return's..... In the US, a cosigner can be removed from a loan if the original borrower consolidates his/her loans in only their name. To get help with the consolidation of defaulted loans, click on the link at the bottom of this text box.
