yes you do,the purpose of a co signer is that person is responsible for paying in the event that you dont pa,if that person is deceased you are still responsible.if you dont ,all non ppayments will go on your credit report
They can still come after the cosigner, and it will still reflect poorly on your cosigner's credit history. You have been absolved of the debt, not your cosigner.
Yes. If you signed the loan, you are still legally responsible for it.
If you are late on your loan payment and are a cosigner on your daughters car can they repposses the car?
No, the cosigner signs on to the loan. Usually, the primary signer owns the car and drives it. The cosigner is there in case the loan goes into default and needs to be paid for. After they sign on the car does not belong to them, but the person who took out the loan.
No. You are only cosigner on the one vehicle you signed for. All bets are off once the car is traded.
My sympathies to you and your family. If you, your husband or anyone else in the family didn't cosign for a loan for the car then the debt ends. If there was a cosigner then the cosigner is responsible for the debt. If your son was not a minor and took the loan out himself and he has left a Will or has anything of value this debt will be paid off or written off.
Possible fraud charges.
Yes: Your spouse/children can be included on your insurance policy regardless of who was/if there was a cosigner on the car.
If you owe money on a car loan or are a cosigner for a car loan, yes.
Yes, it will still help your credit.
Some who has character My Friend it is very difficult to get car loan with no credit and no cosigner although you have to contact some good car lenders in your area they can guide you better.
Not as long as you make your payments on time. A co-signer guarantees that you will pay your loan off. If your co-signer dies and you don't make your payments the lender will repossess the car and go after you for any deficiencies.