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Do you need a drivers license in California to be a cosigner of a loan?
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If you want to take out a loan and are in the process of getting your license will you be able to take out a loan with a cosigner?
You don't need a license to get a loan. Your credit rating will determine whether you need a cosigner or not.
If you are getting your drivers license will you be able to take out a loan with a cosigner?
One has nothing to do with the other. The lender doesn't care if you have a license, he wants a cosigner because you don't have a good credit record. Just getting a DL says you are not quite old enough to legally borrow money unless you have COLLATERAL.
Does a cosigner need a driver's license?
You need a lisence to drive the car, but not to cosign a loan.
Putting a lien on your drivers license?
can a car loan company put a lien on drivers license
Can cosigner husband to personal loan make changes without cosigners wife's permission plus California?
No
Can you qualify for an auto loan with no drivers license?
yes you can get a auto loan without a license but you can not get auto insurance with out one and you can't complete the loan closing without insurance.
If a borrower signed a loan for a cosigner is there a way the loan can be changed into the cosigner's name without refinancing?
No.
How can a cosigner be removed from the loan?
The only option is for the loan to be refinanced without the particpation of the present cosigner.
Can you switch the cosigner to the primary?
Yes, you can switch the cosigner to the primary on a loan. The way to do this is to have the loan refinanced.
Is it illegal to loan a drivers license to someone else?
Yes. A license cannot be 'loaned' to someone else.
What happens to a cosigner of a car loan when the primary loan holder files bankruptcy and the loan is discharged and they do a voluntary repossession?
They can still come after the cosigner, and it will still reflect poorly on your cosigner's credit history. You have been absolved of the debt, not your cosigner.
How can one remove a cosigner from an equity loan if the cosigner is not on the first mortgage title?
The title has nothing to do with the loan. The loan will need to be refinanced using a different cosigner or only the primary borrowers.
