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On what grounds??? Forcing you to co-sign?? NOT

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โˆ™ 2015-07-15 19:34:25
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Q: If you are a co-signer on a car and it gets repossessed can you take the other person to court?
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If you are a cosigner on a vehicle and the other person gets the vehicle repossessed then files for bancruptcy what happens to the cosigner?

you are still liable for that loan. the lender may decide to not accept the bankruptcy charge and go after you for the money.

What rights does a cosigner have if the other person gives fraudulent information?

The right to pay the loan. maybe you can sue the other person in small claims court, maybe not.

Can a cosigner help you get an automobile if your other automobile was repossessed?

this is the main reason why people need someone to sign for them.(bad credit) the answer is yes

Can a person be charged with grand theft auto under repossession if the vehicle can not be repossessed?

No, but they can be cited for contempt of court if a replevin or other court order is issued for the recovery of the vehicle.

What happens if one co-buyer of a vehicle lets the car get repossessed and moves abroad without paying the deficiency?

The other co-owner or cosigner will be responsible for the debt.

Must the lender notify the cosigner of intent to collect on a default?

The cosigner was probably "notified" that any funds held by the lender would be attached at the time the loan was signed. In order to garnish wages or place a lien on other property, the lender would have to go to court and obtain a judgment, in which case the cosigner would have received a summons from the court.

Can a person with bad credit get unsecured loans or will he need a cosigner?

Surprisingly, even a person with a bankruptcy can often get small unsecured loans with a couple years of good payment history. Other loans will need a cosigner or may be totally unavailable, though.

You were a cosigner on something and now owe the remaining debt can you sue if the other person is in another state?

Yes you can, but it is a little harder to catch them. File in your state and have them served to appear in court. It is always best to consult an attorney for the best advice.

Do you need your cosigner to sign when you refinance?

If you need a cosigner they must sign because a co-signer is a person who accepts responsibility for repayment of a loan, credit card or other debt along with the original borrower. However, if the institution giving you the new loan doesn't require a cosigner, you don't need to have the cosigner on your original loan sign anything.

How can the cosigner be soley responsible for a repossesion of a car?

According to the law, a cosigner signs for someone else that they think might not pay off the load. The cosigner signs a contract agreeing to pay the loan off if the other person does not. He can be solely responsible becase he signs a contract promising to do so.

What are the consequences if a cosigner on a car loan sells the car without the permission of the other cosigner?

Possible fraud charges.

Who is petitioner?

The person who asked the court for the divorce. The other person is Respondent.

How do you sell a house when the cosigner of the original mortgage is not available to sign off?

Hire a Real Estate attorney and have a court order. A commissioner will be appointed to have the other party removed.

Is the cosigner responsible for other debts beside the item such as house rental he has cosigned for?

A cosigner is only responsible for the items that he has cosigned for.

Who's credit is affected if a cosigner is bankrupt and the loan is defaulted?

Both parties on the loan. Co-signer and other person they co-signed for

Can mum is paying half the mortgage of her house because her husband died the other half should be paid by his son but is not will it get repossessed?

It could. Take the son to court before the mortgage co. takes mum to court.

How can you buy a repossessed truck?

Go to bank or other place that repossessed the truck. Pay cash for it etc

Are parents responsible for adult child's debt to an attorney?

Very generally speaking, in the U.S. a person is not liable for any other person's debt, unless that person is a cosigner on a loan or something.

Who is the other person that the court claims has denounced darnay in A Tale of Two Cities?

Dr.manette is the other person that the court claims has denounced Darnay in A Tale of Two Cities?

When can cosigner attempt to sell car?

A cosigner can attempt to sell the car at anytime. However, in order for them to sell it, they have to have the other signer's signature.

You are a cosigner on a car loan how can you prove the other person pays it if they make the payments directy to the bank in a cash payment?

Request monthly statement from bank

If you are ordered by the court to have this evaluation do you have to use a person the court orders you to use or can you use a private company approved by the court instead?

If the court orders you to use a specific person, then yes, you have to use that specific person. If the order says "Jane Doe or some other authorized provider" then you can use the other company.

Who is responsible for returning tags when vehicle is repossessed?

In New Jersey, it is the responsibility of the person who registered the vehicle. When the vehicle is repossessed, the person from whom it was taken will be contacted to allow them to pick up their belongings. At this time, they will be given the plates as well as any other personal items left in the vehicle. They can then be returned to the agency.

How long does a cosigner need to be on the contract?

untill its paid off * The other option is for the primary borrower to have the loan refinanced without the participation of the original cosigner.

If a lender does not provide a cosigner agreement am I still liable for the loan?

# I have never had to provide a cosigner agreement to someone who is cosigning a loan. I am talking about Tx, NY. and Kentucky. If you signed the same promissory note with the other person, then you are both responsible! CORRECTION: If you are speaking of the Notice to Cosigner below: Notice to Cosigner You are being asked to guarantee this debt. Think carefully before you do. If the borrower doesn't pay the debt, you will have to. Be sure you can afford to pay if you have to, and that you want to accept this responsibility. It is against the FTC rules and against the law not to provide have have a potential cosigner sign.