That would depend on the rules and procedures of the loan provider. If the cosigner alleged that the signature was not theirs, it could create a problem if the signature was not properly witnessed.
Yes the co-signer has to be physically present to co-sign a loan
Yes.
Yes. If the signer defaults on the loan, then you, as the cosigner, would be liable.
Did you help make payments? If all you did is to cosign, then no.
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.
Yes the co-signer has to be physically present to co-sign a loan
Yes the co-signer has to be physically present to co-sign a loan
i was able to get an auto loan with the help of a cosigner and im under 18
Of course. The lender will take the necessary steps to verify the co-signers identity and income since the co-signer is agreeing to pay the loan if the primary borrower defaults.
Yes.
Yes. If the signer defaults on the loan, then you, as the cosigner, would be liable.
You need a lisence to drive the car, but not to cosign a loan.
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.
Did you help make payments? If all you did is to cosign, then no.
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.
The only option is for the loan to be refinanced without the particpation of the present cosigner.
Never cosign a loan. While I agree that one should NOT cosign. cosigning can hurt or help. Remember that if they do not pay you have to. Cosigning will affect your credit and count towards your debt to income ratio and show as an open joint auto loan. You might be turned down to get your own auto loan without a cosigner if you cosign.