no such thing! sorry! by cosigning a loan you are gaurenteeing payment therefore you are responsible for the loan if the original signer defaults every late payment and every on-time payment effects both parties either positively or negatively
yes
There is a big difference between being responsible for something and being legally liable for it. Certainly, in your question, you would not be responsible. Whether you have legal liability depends on whether the account in question is a joint, or co-signed account. If it is, you are liable for the debt until it is paid in full. You need to find out the exact status of this debt. The creditor may be able to tell you. Your liability will be determined by the original contract that was signed when the account was opened and has no bearing on your marital status.
Sure. It may have to be disclosed in some of the closing or mortgage documents, but it is fairly common. Frequently done in various financing arrangements where owner financing is being done. There are certainly many possible hazards in any advanced or complex financing - especially when your selling the property and remaining liable for the loan that the buyer is getting, all linked to the house you won't be owning. Yes, you'll get the money from the loan, but, if he doesn't make payments, you could NOT own or occupy the property (or even have a lot of recourse), but be responsible for paying for it.
No, the co-signer is equally responsible until the agreement is honored in full or the debt/loan is refinanced w/o the co-signer being a party to the action.
Sue them both, plus the driver, plus their respective insurance companies, and let the court find them "jointly and severally liable," so you don't care which one of them actually has to pay.
yes
The only way is for you to become a guarantor. You are still resposible if they default. I am assuming that you want to help. But, if you are not willing to go that far out on the limb, why would the loan company?
no idia
copyrighted
One that serves a function without being officially or legally established.
No.
You would becommitting perjury.
In Colorado, minors who are at least 16 years old can move out without being emancipated if they have the consent of a parent or legal guardian. Otherwise, they would need to be emancipated by a court to live independently.
as a server or seller of alcohol, being civilly liable means?
as a server or seller of alcohol, being civilly liable means?
Ireland. And I believe you have to be a citizen.
There is a big difference between being responsible for something and being legally liable for it. As far as the credit bureaus are concerned, if the ACCOUNT is yours, it doesn't matter who made the late payments. You, as the account holder, are liable. The information is correctly reported against you.