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A cosigner is obligated as long as the loan exisists. The loan must be paid off or refinanced into the primary borrower's name only to release the cosigner.

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Related Questions

How long does the co-signer have to stay on an auto loan?

A cosigner is obligated as long as the loan exisists. The loan must be paid off or refinanced into the primary borrower's name only to release the cosigner.


How long does a co signer stay on a student loan?

As long as the loan is in force (until the loan is paid off)


Can you get an auto loan as a stay at home mom with no proof of income?

NO. My wife went to auto dealer for new car and they said no auto loan can be approved without income. Either the spouse or relative/friend need as a co-signer.


How long does the co-signer have to stay on an auto lease?

The co-signer is responsible until the lease expires or until a new lease is executed.


How long does a co-signer have to stay on an auto loan?

From my understanding it is until the loan is paid off or the other party refinances the loan. If you haven't already co-signed I would rethink the decision. It is a nightmare if the person you are co-signing for doesn't live up to their end of the bargain, even if it is family.


How does a loan and a grant are different?

A loan you usually have to pay back and with a grant as long as you stay within the criteria to have it, you don't have to pay it back.


How long does an exclusion on a driver stay in effect with auto insurance?

An exclusion will stay in effect until you ask the insurance company to reverse the exclusion.


How long does an auto repossession and a home foreclosure after stay on your credit report?

NOTICE OF DROPPING PARTY DEFENDANT


How long does an auto accident stay on your driving record in North Carolina?

yes because she listened carefully


How long does an auto accident stay on your auto insurance?

It depends, your best bet is to pay the money and get a lawyer at this point. No one wants to pay for damages anymore even if it was their fault.


How long does an auto repossesion stay on your credit report?

Negative reports on your credit score remain on your report for seven years.


Research Auto Loan Options For Savings?

To get auto loans is not a difficult task; however there are several tips that can be followed to speed up the process. It is always wise to start out the process by obtaining a free credit report. A person's credit score determines what interest rates will be associated with their auto loan. Many times a person's credit score may have errors that need to be fixed. When mistakes are fixed the person's credit score increases which allows them to qualify for auto loans with lower interest rates. When looking for auto loans a person should also begin by looking for lenders; these lenders can be found within banking institutions or online. Before a person negotiates financing with a car dealer they should secure their financing through a lender. To get the best auto loans possible it is best to shop around and see which lenders have the best available rates. It is also wise to stay aware of all fees associated with an auto loan, especially fees associated with paying off the auto loan early.