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Can the spouse of a co-signer who is not involved in the loan sue the cosignee if the spouse enters into a new agreement with the co-signee to pay off the loan and the co-signee defaults?
Wiki User
∙ 14y ago
How can they sue for non-payment if they are not part of the agreement? Why wouldn't the spouse sue?
Wiki User
∙ 14y ago
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How can you find out if you are a co-buyer or a cosigner on a car loan and would your name be on the title and registration if you are a cosigner?
Easy, you can check your own credit report OR go to a registries office and do a quick search. A simpler method is to ask the person that is the primary borrower/buyer or call the lender. Either a cosigner or co-buyer can be listed on the title depending upon the agreement made by the persons involved. The title to a vehicle determines ownership, a cosigner generally has no vested interest in the property only the responsibility of the debt.
If the cosigner of your credit card files for bankruptcy will this effect your credit rating as well?
Yes. It's possible that the financial transaction that the cosigner was involved with (liable for) might also be affected.
Hostile debtors agreement?
A hostile debtor's agreement is an agreement between two parties that allows for a repossession to take place. This could be the repossession of an automobile or it could also be a foreclosure. Either way, the parties involved have to go to court to solve issues.
Can you be sued if you are a co-signer of a vehicle loan and that car is involved in an accident in the state of Florida?
Not as a cosigner unless they are on your insurance. Or if you are the parent and they are your dependant. Either way you COULD be sued but you would win regardless. Y-THINK-Y
How did mortgage defaults affect banks involved in mortgage lending and mortgage investing?
Non performing mortgage loans hurts a bank's profitability. This should cause a bank to be more prudent when making mortgage loans. In severe cases of defaults, a bank may decide to cease making such loans. To avoid more risk, the bank could find another bank to sell its mortgage portfolio to.
How can you find out if you are a co-buyer or a cosigner on a car loan and would your name be on the title and registration if you are a cosigner?
Easy, you can check your own credit report OR go to a registries office and do a quick search. A simpler method is to ask the person that is the primary borrower/buyer or call the lender. Either a cosigner or co-buyer can be listed on the title depending upon the agreement made by the persons involved. The title to a vehicle determines ownership, a cosigner generally has no vested interest in the property only the responsibility of the debt.
Can an oral agreement make you a cosigner on a loan?
No. You will still have to go and sign the loan and you have the right to not sign under duress. Don't let anyone push you into something that is not for your own good. You will regret it more than if you refuse to get involved to begin with.
If the cosigner of your credit card files for bankruptcy will this effect your credit rating as well?
Yes. It's possible that the financial transaction that the cosigner was involved with (liable for) might also be affected.
In a divorce can you get the car from a cosigner?
A co-signer does not have rights to the property without having used due process of law to be granted said rights. The distribution of property when it pertains to the dissolution of a marriage is generally at the descretion of the presiding judge when those involved cannot reach an equitable agreement.
If you helped your mother get a home and her name is on the deed but yours is on the note and she has been missing payments is there an easy way out?
The only option to be removed as a cosigner is to have the secured property refinanced without the cosigner being involved.
Which of these involved in the UnitedStates and Great Britain?
destroyers for bases agreement
Is an unauthorized commitment not binding solely because the agreement involved a purchase amount above the micro-purchase threshold?
An unauthorized commitment is an agreement that is not binding solely because the agreement involved a purchase amount above the micro-purchase threshold.
If you cosigned for your fiance's car loan and she defaulted on the payments can you sue her for the balance of the loan?
Yes, anyone who is owed a debt and can prove that a lending agreement existed between the involved parties has valid grounds for a civil suit. A cosigner would need to prove to the court that he or she paid the remainder of the debt before a judgment would be awarded
Who was involved in the Destroyers for Bases Agreement?
United States and Great Britain
Which of these involved the United States and Great Britain?
Destroyers for Bases Agreement
What can a cosigner do when the car was involved in an accident and he was not the driver?
I've seen enough 'Judge Judy' episodes to almost recite her exactly... Anyone who cosigns for something - is equally liable for any costs. Although they were not responsible for the actual accident - the other party can sue each cosigner for the cost of repairing the damages.The cosigner who was not driving - would then have to sue the driver to recover their money.
What do you mean by blank lease agreement?
A blank lease agreement is an agreement that can be edited legally, and for a side of the party that is involved in the agreement to fill out. Afterwards, both parties will sign the blank lease agreement if both parties agrees to the terms and conditions filled out on the blank lease agreement.
