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The primary borrower is responsible for this debt, but if they do not make arrangements to pay the remaining balance of this debt (once its auctioned off) then you will be fully responsible for the remaining balance.

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โˆ™ 2008-08-14 01:24:53
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Q: I'm a co-signer on another car and I'm doing a voluntary repo on my car how does that effect me?
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Related questions

What is volantary?

The correct spelling is voluntary instead of voluntary. Voluntary is an adjective that means giving something freely. Doing something because you want to is doing something voluntary.


You lost your job and you want to return your car but somebody co-sign for it. what will you do?

A voluntary surrender is the honorable action if you have lost your ability to pay your note. You might want to contact the cosigner and discuss other options before doing this though. Any repossession or delinquency on the loan will adversely affect the cosigner's credit rating same as yours, the primary.


Can your cosigner take your car if you have been making payments on time?

The cosigner issue here is misplaced. The liability of a cosigner comes into play if the primary owner of the car cannot make payments. In the case presented, the primary borrower is doing fine. There is nothing a cosigner can do to take a car away.


Do voluntary staff get paid?

No. Most voluntary staff, are happy to contribute their kindness, to a community. The word 'voluntary' means 'doing something for free'.


What is the definition of the word voluntary?

The word voluntary can mean doing or giving something out of free will. An example of a sentence using the word voluntary would be, many charities are run on voluntary time and donations.


How can you use rewarding in a sentence?

Doing voluntary work can be very rewarding for people.


What rights does a cosigner have to gain possession of the vehicle if his name is on the title in Maryland?

The person named on the title is the owner and can take possession. If you have to pick up the car from another party, have a sheriff deputy on hand when doing so, just for your protection.


What is a word for doing something without being asked?

The word could be voluntary, or unbidden.


Is swallowing a completely voluntary action?

yes because you are doing it and swallowing and that is something physical.


What is a voluntary encounter?

A voluntary communication with police (or government). A person is free to walk away at any moment. Example: Police officer: "What are you doing here?" Person: "Nothing."


Are nerves in the human body both voluntary and involuntary?

No, nerves are involuntary. If your nerves were voluntary, you could make yourself feel pain without even doing anything.


What are advantages disadvantages of community work?

The advantages of community work are that the community that everyone lives in are increasing because of voluntary labor. The disadvantage is that no one actually likes doing voluntary labor.

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