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If you are late on your loan payment and are a cosigner on your daughters car can they repposses the car?
Wiki User
∙ 14y ago
If you are late on your loan payment and are a cosigner on your daughters car can they repposses the car?
Wiki User
∙ 14y ago
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Does a cosigner have any legal rights to sell your house if there has never been a missed payment or late payment?
No, a cosigner has no legal rights to the property unless their name is on the title or deed. A cosigner is accepting the responsibility of the debt if the primary borrower defaults; a co-buyer/borrower is a different matter entirely.
How is a cosigner affected when the primary signer is late on a payment?
The late payment(s) will show on the co-signer's credit report. If the loan defaults, the company can look for the co-signer to pay the remainder. Co-signing is very risky if the primary borrower has poor credit--it reflects poor payment habits.
What happens when a card holder makes a late payment?
It depends on the circumstances. Often, card companies will forgive a 'one-off' late payment. Subsequent lapses will result in a late payment fee - usually an expensive 'mistake' !
How to delete late payment?
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Can a title pledge lender refuse to take a payment?
If the payment is late or not in full, then yes. If the payment is on time and in full, then no.
Which states' lenders are supposed to notify the cosigner before reporting a late payment to credit bureaus?
None
Does a cosigner have any legal rights to sell your house if there has never been a missed payment or late payment?
No, a cosigner has no legal rights to the property unless their name is on the title or deed. A cosigner is accepting the responsibility of the debt if the primary borrower defaults; a co-buyer/borrower is a different matter entirely.
How is a cosigner affected when the primary signer is late on a payment?
The late payment(s) will show on the co-signer's credit report. If the loan defaults, the company can look for the co-signer to pay the remainder. Co-signing is very risky if the primary borrower has poor credit--it reflects poor payment habits.
When was The Daughters of the Late Colonel created?
The Daughters of the Late Colonel was created in 1921.
If a car is in your name as the primary but your cosigner has been making payment for the last year and many of those payments have been paid late can you legally take that car from the cosigner?
Since the cosigners isn't paying, unless you start paying instead, and catch up on all late payments, the dealer or the bank will repossess the vehicle shortly anyway, so your question is moot.
Can an Auto Ins Company Charge a late fee without your knowledge and only find out when you are 4 days late on a payment?
i am late on payment for auto insurance what can i do.
What happens when a card holder makes a late payment?
It depends on the circumstances. Often, card companies will forgive a 'one-off' late payment. Subsequent lapses will result in a late payment fee - usually an expensive 'mistake' !
Do average college freshmen need a cosigner when getting Chase student loans?
Most freshman will in fact need a cosigner for loans. The need of a cosigner is dependent on how much good credit history the student has available. So, if for example the student was in their late 20's and had successfully paid all debt prior they would not need a cosigner.
Are late payment of taxes deductible?
no
How to delete late payment?
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Do car dealers charge late fees?
Yes, if you pay your car payment at a car dealers office they will charge a late fee. Anytime a payment is late, the dealer has a tight to charge late fees.
I didint pay for down payment can i stiil be charged after repo?
Ok, you say that you didn't pay for the down payment on the car....but.....did you sign the promissory note as the borrower or as a cosigner. Because if you did, it is your car also and you will also be charged for the repo. Call the lender and try to work something out....it will be better than taking care of it when it is too late and you are being waged. Good Luck
