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Does the co-signee have to have a job?

Updated: 8/21/2019
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Q: Does the co-signee have to have a job?
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What is cosignee?

Partial owner of an asset


Can Co-owner sell car without cosignee?

No, not if both of you are on the title.


Will a co-signor with good credit help improve a cosignee's credit score?

probably if they're a married couple


What is the lowest a cosignee's credit score can be?

Most lenders prefer a cosigner to have a credit score of at least 620. However, cosigners with a credit score of 720 or above is always preferred.


Can the spouse of a co-signer who is not involved in the loan sue the cosignee if the spouse enters into a new agreement with the co-signee to pay off the loan and the co-signee defaults?

How can they sue for non-payment if they are not part of the agreement? Why wouldn't the spouse sue?


When in the state of PA if one party cosigns for the vehicle and the cosignee divorces a daughter can the cosigner repo the car if there is suuficient proof that the ex-son in law has lost a job?

I'm sure you won't like this answer, but only the lender can repossess the collateral. If the cosigner is also a co-owner and listed on the title, he could insist on taking his turn driving the car. But essentially, the only right a cosigner has is the "right" to make the payments if the primary borrower does not.


What documents do you need in order to refinance your student loan and take your cosignee's name off of it?

It depends on the lender that is refinancing--but usually a pay stub or 2 to show you are working or letter showing you are still in school if you are not going to pay just yet. My son did almost everything by internet and fax until the set of papers were mailed to him for his signature.


How can co-signer transfer title to cosignee?

That depends on the type of property covered by the loan. A co-signer cannot transfer the obligation to pay the loan to the primary borrower. The co-signer has a contract with the lender that they will pay off the loan if the primary borrower fails to pay.If the property is a car the co-owner can sign over the certificate of title and the grantee can request a new certificate of title in their sole name.


What do you do in a job?

A Saturday job is a job on Saturday


What is job-specific?

Job Specifications, or Job Specs., are details and descriptions about a job that serve as a thumbnail view of the job.


What is job specifics?

Job Specifications, or Job Specs., are details and descriptions about a job that serve as a thumbnail view of the job.


Once a job has been chosen what is the next step in the job hazard analysis and job safety analysis process?

Choose a job