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Can you get off a loan you co signed for but you are not on the title?
Wiki User
∙ 15y ago
Not unless it's refinanced.
Wiki User
∙ 15y ago
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If your name is on a title as the co-signer am I legally responsible if there is an accident?
I co-signed for the loan on my sons car. If there is an accident would they come after me.
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 get out of a co signed home loan?
Only by paying off the loan.Only by paying off the loan.Only by paying off the loan.Only by paying off the loan.
Can a co signer take over ownership of car loan and get insurance?
A co signer is for the loan, they do not have any ownership in the car unless they are on the front of the title. If they just co signed for the loan, that lmeans they will pay for it if the owner does not. Even if they paid the entire loan, they still would not own the car. To transfer the car, they would have to either pay the loan off or get a loan in their name and you sell the car to them.
How do you get your name taken off of a loan you co-signed for without having to pay the transfer of ownership payment that the borrower does not want to pay?
When you co-sign that is YOUR LOAN! I am sure your banking institution made you aware of this. When one chooses to co-sign it's because the person they co-signed for cannot get a loan for one reason or the other. In over 90% of the cases the person you co-signed for does not pay off the loan. I suggest you go into your banking institution where you co-signed for that loan and make an appointment and see what they can do for you. However you handle this you will be paying out something.
Can a bank automatically take a payment out of a co signers acct if loan is late?
Yes, if that is what they agreed to when they co-signed the loan. Remember, when you co-sign a loan you are fully responsible for paying it if the primary borrower fails to pay. The co-signer should review all the documents they signed when the loan was granted.Yes, if that is what they agreed to when they co-signed the loan. Remember, when you co-sign a loan you are fully responsible for paying it if the primary borrower fails to pay. The co-signer should review all the documents they signed when the loan was granted.Yes, if that is what they agreed to when they co-signed the loan. Remember, when you co-sign a loan you are fully responsible for paying it if the primary borrower fails to pay. The co-signer should review all the documents they signed when the loan was granted.Yes, if that is what they agreed to when they co-signed the loan. Remember, when you co-sign a loan you are fully responsible for paying it if the primary borrower fails to pay. The co-signer should review all the documents they signed when the loan was granted.
If your father died and your aunt co-signed a loan for my father can she make me pay it or is she soley responsible?
If your aunt co-signed a loan then she is responsible for paying the loan. That's exactly what she agreed to do when she co-signed. It is not your debt.
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.
How can I take my name off a straw purchase on a car loan?
If you co-signed a car loan you can't take your name off the loan. If you co-sign for someone with no credit or poor credit you are promising to pay off the loan if they don't. The only way to get your name off the loan is to pay it off or have the borrower refinance the loan in their own name.
If you had a co-signer for a truck loan in 2002 for which the bank held the title is it legal for the co-signer to repossess the truck after paying off the loan when you defaulted in 2005?
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What if i co-signed for a friend on a car note and her dad said that he would co-sign for her after the fact can i be taken of how does that work?
You need to have a "new loan" made from the same finance company or any other bank, credit union, etc. Very rarely does a finance company simply rewrite the note. The title of the car also has to be re-assigned to get off the loan you have to get off the title too.
Can you get a mortgage if you have co-signed a loan?
The lender will view the loan you co-signed as your debt since you are fully responsible for paying that loan if the primary borrower defaults.The lender will view the loan you co-signed as your debt since you are fully responsible for paying that loan if the primary borrower defaults.The lender will view the loan you co-signed as your debt since you are fully responsible for paying that loan if the primary borrower defaults.The lender will view the loan you co-signed as your debt since you are fully responsible for paying that loan if the primary borrower defaults.
