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How do you take a name off car loan when the other signer is in prison?
Wiki User
∙ 12y ago
You can't get your name off a car loan. In fact, if the primary borrower isn't making the payments the lender will go after you for payment. That was the reason the lender required a co-signer. You promised to pay if they didn't and you signed the loan.
You can't get your name off a car loan. In fact, if the primary borrower isn't making the payments the lender will go after you for payment. That was the reason the lender required a co-signer. You promised to pay if they didn't and you signed the loan.
You can't get your name off a car loan. In fact, if the primary borrower isn't making the payments the lender will go after you for payment. That was the reason the lender required a co-signer. You promised to pay if they didn't and you signed the loan.
You can't get your name off a car loan. In fact, if the primary borrower isn't making the payments the lender will go after you for payment. That was the reason the lender required a co-signer. You promised to pay if they didn't and you signed the loan.
Wiki User
∙ 12y ago
Wiki User
∙ 12y agoYou can't get your name off a car loan. In fact, if the primary borrower isn't making the payments the lender will go after you for payment. That was the reason the lender required a co-signer. You promised to pay if they didn't and you signed the loan.
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How do you remove your name from a joint auto loan?
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.
Why is a co-signer necessary?
A co-signer is needed by a borrower who's credit is not good enough to get approved for a loan in their own name. The co-signer guarantees the loan will be repaid. If the primary borrower stops making payments the co-signer will be held fully responsiblefor paying the loan balance.A co-signer is needed by a borrower who's credit is not good enough to get approved for a loan in their own name. The co-signer guarantees the loan will be repaid. If the primary borrower stops making payments the co-signer will be held fully responsiblefor paying the loan balance.A co-signer is needed by a borrower who's credit is not good enough to get approved for a loan in their own name. The co-signer guarantees the loan will be repaid. If the primary borrower stops making payments the co-signer will be held fully responsiblefor paying the loan balance.A co-signer is needed by a borrower who's credit is not good enough to get approved for a loan in their own name. The co-signer guarantees the loan will be repaid. If the primary borrower stops making payments the co-signer will be held fully responsiblefor paying the loan balance.
Can a co signer removed their name from a contract if they have no cause to do so and the borrower did not miss a payment for 17 months?
No. The loan is owned by the lender. The co-signer never has any authority to remove their name from the loan. They need to discuss that matter with the lender.No. The loan is owned by the lender. The co-signer never has any authority to remove their name from the loan. They need to discuss that matter with the lender.No. The loan is owned by the lender. The co-signer never has any authority to remove their name from the loan. They need to discuss that matter with the lender.No. The loan is owned by the lender. The co-signer never has any authority to remove their name from the loan. They need to discuss that matter with the lender.
Can a cosigner have their name removed from a loan if the co-signer is incarcerated?
No. The co-signer would be responsible for paying the loan.No. The co-signer would be responsible for paying the loan.No. The co-signer would be responsible for paying the loan.No. The co-signer would be responsible for paying the loan.
What if you're a co-signer on a loan and had no idea the loan was in the delinq.?
go to the person/company who holds the loan and get your name withdrawn from the loan
Can a person with very bad credit get a car loan if they have a co signer with excellent credit?
Yes they can if they have had another loan with your name and their name.
What if that person refuse to refinance the car in there name so the other person can get off the loan?
The co-signer cannot force the primary borrower to refinance. They must wait it out until the loan is paid.The co-signer cannot force the primary borrower to refinance. They must wait it out until the loan is paid.The co-signer cannot force the primary borrower to refinance. They must wait it out until the loan is paid.The co-signer cannot force the primary borrower to refinance. They must wait it out until the loan is paid.
Is the co-signer and co-buyer the same thing on a bank application?
Co-buyer = Name is on the title and has rights to the property. The lender will PROBABLY insist that this person also sign the loan as a co-signer or joint borrower. Co-signer = Name is on the loan and is obligated to make the payments if the primary borrower does not. This gives you NO rights to the property.
When is a cosignor released from a loan?
The co-signer will be released from the loan when it is paid off. If the loan is refinanced under the primary borrower's name and credit, then that is also when the co-signer will be free. If the lender does not remove the co-signer, or keeps reporting the payment history on their credit report, then contacting them with the proper paperwork regarding payment should make it happen.
When a cosigner is needed to obtain an auto loan do he need to be on the title?
I am able to take a loan out against my vehicle and have a co-signer and was told by the bank that this does not mean that my co-signer can have my vehicle nor their name on the title but just that they get to repay the loan if I do not. I hope this leads you in some direction.
Can a furniture store use my name again eleven years after a loan as co signer for the same borrower without my knowledge or approval?
Not for a new loan. Your name as co-signer for a loan can only be applied if you signed the original loan document as co-signer. Now, 11 years later if the person you co-signed for the first time tries to open another loan using you as co-signer they will have to get you to sign a loan document again, just like the first time. If you find that you are a co-signer without having signed the document you should ask the furniture store to see the loan document. You may find that your signature has been forged.
I am 16 and working full time can you get a car loan?
No, you cannot get a loan directly, you need a co-signer on whose name the loan will have to be approved. I am suggesting you few website where you can apply for the car loan.
