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No. You signed a contract that guaranteed you would pay off the loan if the primary borrower defaults. You would have trouble finding legitimate grounds for filing a suit to remove your name unless there was fraud. You can sue the primary borrower for not paying and you may win a judgment. Get legal advice, but if payments have not been made, you may be able to return the car to the dealer yourself and put an end to the loan.
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∙ 9y ago
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Can you cosign without your name being on the car just the car loan?
yes
If i cosign a car for someone will my name come off in a year?
No. It doesn't come off until the loan is paid and if the person who is getting the loan doesn't pay you will owe for the loan. When you cosign it also goes on your credit report.
Can someone else insure a car if the loan is in your name?
Depending on the state you must at least cosign.
Can you get a auto loan but put the car in someone else name?
You can cosign but both names will be on title.
Wife and you on car loan now divoced can you get off loan?
I am dealing with my own drama in a cosign arrangement. I have found that the only way to get your name off of the loan is to have her get a new loan through refinance.
If you have cosigned for your mom how can you get your name off of the car?
I assume you mean how do you get your name off the car LOAN! The only ways to do that would be to either pay off the loan or have your mom refinance it under just her name (or get someone else to cosign THAT loan)
Can a new business owner cosign for a loan in his business name and what effect will it have if the borrower defaults on the loan?
Cosigning for a loan is dangerous to do. A true business loan should be under a business name itself, a personal guantee may be required in some situations. To build business credit search for a mentoring service online.
How soon can you remove your name as a cosign for a house?
As soon as the loan is paid off. The only way for a cosigner to "remove his name" is to pay off the loan. Since refinancing pays off the original loan (and creates a new one), this would provide an opportunity for the co-signer to opt not to co-sign the new loan.
If the educational loan is in husbands name then the benefits of IT can be taken by spouse?
Probably not; see a lawyer to be sure.
If you cosign a 72 month car loan can you get your name removed from the loan if the primary makes on-time payments for 48 months?
Frank, that will be up to the LENDER. If you approach them right it might be possible. It will help if the debtor has NOT messed up their credit in the 48 month period. Call the lender and ask.
How can a primary buyer get the cosigner off the loan you wanted to cosign for your daughter but she didn't have enough credit so to build her credit you put her on as a cosigner how can you get her o?
The LENDER will have to remove any co-signor from the loan. Your only option is to have your daughter refinance the loan in her name only. She might be able to do this, given enough positive credit history on the existing loan and proof that it was her making the payments on time.
What if your spouse forges your name on loan applications and then you are garnished for the amounts?
That would be fraud, making a loan if any received be void, and fraudulent. Call a Lawyer. You must prove that you did not sign that application
