If the loan hasn't been processed then stop the application. If the loan has already been processed you need to wait until it's paid off. You can't take your name off it unless the lender agrees in writing.
The car loan will have to be paid off in order to remove your name. The other signer will have to get a new loan in her/his name only.
The loan must be paid off or the lender must agree in writing to remove your name from the obligation.
Only the lender can remove your name from a loan. This matter must be addressed in the separation agreement. The person who is keeping the car must refinance it in their sole name and pay off the prior loan.
Yes. And it will make a difference in your income to debt ratio.
No. I recently took a car loan for my son because his credit is bad. The loan is in my name, the title is in his name only. He is listed on the loan as the 'holder of colateral'.
The car loan will have to be paid off in order to remove your name. The other signer will have to get a new loan in her/his name only.
Yes.
The loan must be paid off or the lender must agree in writing to remove your name from the obligation.
Only the lender can remove your name from a loan. This matter must be addressed in the separation agreement. The person who is keeping the car must refinance it in their sole name and pay off the prior loan.
Yes. And it will make a difference in your income to debt ratio.
No. I recently took a car loan for my son because his credit is bad. The loan is in my name, the title is in his name only. He is listed on the loan as the 'holder of colateral'.
Generally, the loan must be paid off and refinanced by the co-borrower. The bank owns the loan and banks do not usually remove a name from the obligation. However, you should ask the lender.Generally, the loan must be paid off and refinanced by the co-borrower. The bank owns the loan and banks do not usually remove a name from the obligation. However, you should ask the lender.Generally, the loan must be paid off and refinanced by the co-borrower. The bank owns the loan and banks do not usually remove a name from the obligation. However, you should ask the lender.Generally, the loan must be paid off and refinanced by the co-borrower. The bank owns the loan and banks do not usually remove a name from the obligation. However, you should ask the lender.
You can not.
Contact the local department of motor vehicles. The fact that he is a signatory to the car loan is not relevant to the registration of the car.
yes
You just can't place your loan in someone else's name. That other person has to get his/her own loan for the car and pay off your loan.
The car can not be under another's name legally. Cars with a loan must be in that person's name. If you bought a car that was not paid off and the loan was not cleared you bought the car and the loan. Yes, they can get the car. That is why they put liens in the car. It prevents anyone from buying the car!