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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

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Q: How can I cosign for a loan without being legally liable?
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Can you cosign without your name being on the car just the car loan?

yes


Are you responsible for the credit card debt that the primary card holder your ex husband borrowed six years after divorce?

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.


Can a seller of a home cosign for the buyer?

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.


Can you get your out of cosign debt in three months if your friend makes all the payments?

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.


If you car is damaged while it is being repossessed who is liable for the damages the loan company or the repossession company?

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.

Related questions

Can you cosign without your name being on the car just the car loan?

yes


How can you assist someone for example a sibling in obtaining a loan without being legally liable if the loan should ever default?

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?


Can a 17 year old move out without being pregnant legally in Georgia?

no idia


What is software that is legally protected against copying or being used without paying for it is .?

copyrighted


What is De facto corporation?

One that serves a function without being officially or legally established.


Can a 17-year-old legally move out of their parents' house without being emancipated in tx?

No.


Can someone file an affidavit of marriage without being legally married?

You would becommitting perjury.


Can you legally move out at 16 without being emancipated in the state of Colorado?

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.


Being civilly liable means a server or seller of alcohol?

as a server or seller of alcohol, being civilly liable means?


As a server or seller of alcohol being civilly liable means?

as a server or seller of alcohol, being civilly liable means?


Is there anywhere where a 16 year old can get married legally without parnetal concent and without being pregnant?

Ireland. And I believe you have to be a citizen.


Can credit report information be changed if someone else admits by affidavit that they are 100 percent at fault for the late payments?

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.