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Can the finance company recind a loan now that the cosigner has died?
Wiki User
∙ 18y ago
AS long as the loan is in good standing, the finance company can not recind a loan..I do believe you are using the wrong word (recind)..If the loan is past due, the company can demand payment in full..The death of a co-borrower has no effect.
Wiki User
∙ 18y ago
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If a cosigner has died and the primary borrower defaults is the cosigner's estate obligated to pay the debt?
Creditors/lenders will attempt almost anything to collect a debt. It is unlikely that a lender could place a claim against a deceased cosigner's estate and be awarded a judgment. But, there are no certainties in the murky creditor vs. debtor arena.
Why would a co signer of a car loan take life insurance?
If the person the co signer was signing for died they would not be liable for the remaining amount due. Also the other way around if the cosigner dies then the car would be paid for after death, but there would probably be two different plans for that.
Who is the first chairman of lic?
H m patel was the first chairman of lic of India,estd;1956 born on aug 27,1904 died on nov 30,1993 he was an Indian civil servant finance minister from 1977-1980
Can an insurance company refuse to pay on a paid up policy?
Not if the insured died and it was beyond the 2 year contestibility and suicide clause period.
Who is responsible for the loan if a person has died and when the car was purchased finance insurance was not offered?
As far as I know, in Texas, the son is not responsible for the debts of the father. In other words, no one HAS to pay it off. But, the seller has the right to repossess the car. But, they can't make relatives or anyone pay for it. !
If i stop making payments on a camper my dad had in his name only and he died what can the finance company do to me?
Repossess it
What if your cosigner died and your car was repoed can you get it back without paying the price of the car?
NO
When did Ernesto Finance die?
Ernesto Finance died in 1974.
My husband died a year ago. Can the finance company repossessed my deceased husband's vehicle although I have been making timely monthly payments?
no
Can a cosigner go to jail if you stop paying your car payment?
because jesus died for me and you.
If a cosigner has died and the primary borrower defaults is the cosigner's estate obligated to pay the debt?
Creditors/lenders will attempt almost anything to collect a debt. It is unlikely that a lender could place a claim against a deceased cosigner's estate and be awarded a judgment. But, there are no certainties in the murky creditor vs. debtor arena.
Dad died 6 mouth ago and finance company has not colleted car what can we do short of telling then to get it?
Call them or take it to them. As long as you are insured on the car you could theoretically drive it until they come get it.
When did Albert Grant - company promoter - die?
Albert Grant - company promoter - died in 1899.
What happened to the Kingsbury Hat Company?
the rabbit died
Does the homeowners insurance have to be in the name of the person on the mortgage if they died?
If the Homeowner has died you should notify the Insurance Company. Any policy issues can be handled by the estate executor. If you are an heir to a property in a jurisdiction that does not require transfer of deed until disposal you may purchase coverage as the owner. You should also contact The Mortgage Company. The deceased may have purchased credit life option on the mortgage finance note at the time of purchase. If So, the credit Life insurance may pay off any remaining balance on an existing mortgage note.
What happen to Sir Walter Raleigh?
A few of his kids died. But he did have a tobacco company named after him:)... he died in 1618
When did Thomas Smith - East India Company - die?
Thomas Smith - East India Company - died in 1625.
