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Can parents get a loan in their child's name if they are 16 or 17 years old?
Wiki User
∙ 15y ago
== == NO. A person MUST be an ADULT to enter into a contract such as a loan agreement. Age of majority is 18, and the person must be capable of REPAYMENT of the loan, with full time employment and steady income, to qualify for a loan of any kind.
Wiki User
∙ 15y ago
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I have an auto loan in my name can i get another auto loan in my name?
If you are already running a loan, then you can take a loan from another bank not from the same bank. If still you want a loan from same bank, then you can get on your parents name.
Can a parent plus loan be put in the student's name instead of the parent's?
A parent plus loan is exactally that. A loan for parents to help their children with college expenses and can only be given to parents under the parent's name. You also need to begin to repay that loan while your child is still in school, usually within 60 days.
Is it possible to have your name on your parents insurance policy if the car loan and the registration are in your name?
This is not a good idea. You need your own insurance policy. There are coverages you do not have by being on your parents policy. You want to be a "named insured". This means that you control the policy and not your parents. If you want to loan your car to anyone you can, if you are on your parents policy you cannot do this. Also if you need to rent a car, you are not covered under your parents policy to do this. You would be under your own policy. Contact your insurance agent for a better explanation.
If you get a loan in your name can the car be titled in another name?
No. I recently took a car loan for my son because his credit is bad. The loan is in my name, the title is in his name only. He is listed on the loan as the 'holder of colateral'.
How can a cosigner get out of paying for a loan?
Can't unless you get your name off the loan. The person you co signed for has to get the loan changed out of your name.
Can you transfer a loan that your parents took out into a loan in your name?
No.
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What is the birth name of Martin Childs?
Martin Childs's birth name is Martin David William Childs.
I have an auto loan in my name can i get another auto loan in my name?
If you are already running a loan, then you can take a loan from another bank not from the same bank. If still you want a loan from same bank, then you can get on your parents name.
Do you need both parents permission to change a childs name under a year old?
The permission of both parents is necessary unless the non-custodial parent has relinquished all rights.
What is the birth name of Jessie Vogelson Childs?
Jessie Vogelson Childs's birth name is Jessica Bradford Vogelson.
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Can a parent plus loan be put in the student's name instead of the parent's?
A parent plus loan is exactally that. A loan for parents to help their children with college expenses and can only be given to parents under the parent's name. You also need to begin to repay that loan while your child is still in school, usually within 60 days.
Can you change one person's name on a student loan to another?
My fiance has a chase student loan out there with his name on it that got taken out about 2 years ago. He just finished college and the loan is now in repayment, the loan was never for him but it was taken out under his name to help out his parents at the time. We are now getting married and are not paying the loan, his parents are since it was for them, but I am worried that when we want to buy a house or take out other loans that he will have to much debt and we won't be able to. Any suggestions on what we can do, or are we just stuck with this??? My computer would not let me put this message in discussion, so I had to use the answer area to describe our situation. Thank You.
