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Co-signing

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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Wiki User
2015-07-15 19:34:25
2015-07-15 19:34:25

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

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

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

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

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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.

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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.

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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.

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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.

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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.

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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.

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

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

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

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

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

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

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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.

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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.

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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.

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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.

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

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# 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.


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