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Does a cosigner have to be physically present to co-sign a loan?
Yes the co-signer has to be physically present to co-sign a loan
Can someone cosign in another state?
Yes, someone can cosign for a loan or lease in another state, but it typically depends on the lender's policies and the specific requirements of the loan or lease agreement. The cosigner may need to provide documentation and identification from their home state, and some lenders may require the cosigner to be physically present during the signing process. It's important for both parties to understand the legal and financial obligations involved.
If cosigner has a car loan already may she cosign for someone and be approved for that person and the cosigner has good credit?
Yes.
If you cosign for a car loan can you be sued successfully?
Yes. If the signer defaults on the loan, then you, as the cosigner, would be liable.
Can a cosigner of a home loan receive half of the proceeds?
Did you help make payments? If all you did is to cosign, then no.
Does a cosigner have to be physically present to co sign a loan?
Yes the co-signer has to be physically present to co-sign a loan
Does a cosigner have to be physically present to co-sign a loan?
Yes the co-signer has to be physically present to co-sign a loan
Can you be seventeen and have a cosigner cosign for an auto loan?
i was able to get an auto loan with the help of a cosigner and im under 18
If cosigner has a car loan already may she cosign for someone and be approved for that person and the cosigner has good credit?
Yes.
If you cosign for a car loan can you be sued successfully?
Yes. If the signer defaults on the loan, then you, as the cosigner, would be liable.
Does a cosigner need a driver's license?
You need a lisence to drive the car, but not to cosign a loan.
When you cosign for someone how long are you required to be their cosigner?
For the length of the contract you sign. If you cosign on a 3 yr loan, you are responsible for the debt for 3 years.
Can a cosigner of a home loan receive half of the proceeds?
Did you help make payments? If all you did is to cosign, then no.
Will a cosigner's credit be affected if they cosign for someone who has a bad credit score because of a Chapter 7 bankruptcy?
The cosigner's credit will only be affected if the person that they cosign for defaults on the loan. The bankruptcy will not affect the cosigners credit.
What does it mean to cosign on a car loan and what are the responsibilities and implications of being a cosigner?
Cosigning on a car loan means agreeing to be responsible for the loan if the primary borrower fails to make payments. As a cosigner, you are equally liable for the loan, and your credit score could be affected if payments are missed. It's important to understand the risks and responsibilities before agreeing to cosign on a loan.
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.
What are the steps for hiring a cosigner for a loan application?
To hire a cosigner for a loan application, you need to first find someone willing to cosign. Then, they will need to fill out the necessary paperwork and provide their financial information. The lender will evaluate the cosigner's creditworthiness and may require them to sign the loan agreement.
