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How do you get your name off of a car loan that you have cosigned?
Wiki User
∙ 8y ago
One way is to have the other party apply for credit in his/her name and payoff the loan for which you co-signed. By doing this your obligation as a debtor has been fulfilled.
If the other party is unable to obtain credit alone and they are willing to do so, the lender may be willing to substitute you as the co-signer for a person of equal or greater credit worthiness.
Wiki User
∙ 8y ago
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If you cosigned for a car loan how can you get out of the loan?
The loan must be paid off or the lender must agree in writing to remove your name from the obligation.
If you have cosigned for your mom how can you get your name off of the car?
I assume you mean how do you get your name off the car LOAN! The only ways to do that would be to either pay off the loan or have your mom refinance it under just her name (or get someone else to cosign THAT loan)
Is there any way to get your name off of a loan if you cosigned for a car loan while you were married and then you got divorced?
The loan has to be "secured" by someone with good credit. Call the lender for their loan qualifications.
How do I clear my name from a car I cosigned for?
About the only way to clear your name is for the loan to be paid off. If the car goes to the repo man, you're liability and credit history are still involved.
What are the options if an exfiance wants off a cosigned student loan but the borrower cannot get another loan to pay off or refinance the cosigned loan and no the loan has never defaulted?
Since your ex-fiance cosigned on the loan, they are just as much obligated to the contract as you are. The only way they could get their name "off the loan" was, as you said, for the original borrower to obtain a new loan, in order pay off the original obligation. If this is not possible, then she is locked into the original contract.
How can you get your name off of a car note you have cosigned on?
you and the party you cosigned have to talk to who you have the note with and they should be able to help you out
How can you get out of cosigner even through you already cosigned?
Pay the loan off and then collect payments from the person you cosigned for.
Do you have to carry car insurance on a car you cosigned for?
No, BUT the person driving it does and if they fail to do so and the car is totaled then you will both be on the hook to pay off the loan...so its something to think about
If you cosigned a loan for your girlfriend who you were going to marry how do you remove your name from the loan and the insurance agreement now that the marriage has been cancelled?
She would have to get another loan to pay off this one or get the loan company to agree to drop you. There is nothing you can do to get your name off the loan. Your potential marriage had nothing to do with the loan. You were simply agreeing to pay the loan if she didn't.
How can I take my name off a straw purchase on a car loan?
If you co-signed a car loan you can't take your name off the loan. If you co-sign for someone with no credit or poor credit you are promising to pay off the loan if they don't. The only way to get your name off the loan is to pay it off or have the borrower refinance the loan in their own name.
If you cosigned on a car loan and the car got repoed can you get the car back if you pay the loan off?
Yes, You are still considered a signer of the note. You will have to pay repo costs and any other charges that may have occurred, but you have every right to get vehicle back. talk to your bank where the loan was processed and they should help.
How can you get your ex daughter in law's name off of a loan you cosigned and your son's put on?
CALLL the lender and ask. You are not the first person to want to do this. They have guidelines for doing it.
