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If you co-sign on an auto loan can you have your name removed after a year?
Wiki User
∙ 8y ago
No. Why would the lender allow that?
Lender's require co-signers so they can go after 2 people instead of 1 for the same debt.
If they thought the primary borrower credit worthy, there would be no need to co-sign.
Cosigning is usually a really bad idea.
Wiki User
∙ 8y ago
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Can you get a auto loan but put the car in someone else name?
You can cosign but both names will be on title.
Can you cosign without your name being on the car just the car loan?
yes
Wife and you on car loan now divoced can you get off loan?
I am dealing with my own drama in a cosign arrangement. I have found that the only way to get your name off of the loan is to have her get a new loan through refinance.
I have an auto loan in my name can i get another auto loan in my name?
If you are already running a loan, then you can take a loan from another bank not from the same bank. If still you want a loan from same bank, then you can get on your parents name.
If you cosign a 72 month car loan can you get your name removed from the loan if the primary makes on-time payments for 48 months?
Frank, that will be up to the LENDER. If you approach them right it might be possible. It will help if the debtor has NOT messed up their credit in the 48 month period. Call the lender and ask.
Can you get a auto loan but put the car in someone else name?
You can cosign but both names will be on title.
Can you cosign without your name being on the car just the car loan?
yes
If i cosign a car for someone will my name come off in a year?
No. It doesn't come off until the loan is paid and if the person who is getting the loan doesn't pay you will owe for the loan. When you cosign it also goes on your credit report.
Can someone else insure a car if the loan is in your name?
Depending on the state you must at least cosign.
Wife and you on car loan now divoced can you get off loan?
I am dealing with my own drama in a cosign arrangement. I have found that the only way to get your name off of the loan is to have her get a new loan through refinance.
I have an auto loan in my name can i get another auto loan in my name?
If you are already running a loan, then you can take a loan from another bank not from the same bank. If still you want a loan from same bank, then you can get on your parents name.
If you have cosigned for your mom how can you get your name off of the car?
I assume you mean how do you get your name off the car LOAN! The only ways to do that would be to either pay off the loan or have your mom refinance it under just her name (or get someone else to cosign THAT loan)
If you cosign a 72 month car loan can you get your name removed from the loan if the primary makes on-time payments for 48 months?
Frank, that will be up to the LENDER. If you approach them right it might be possible. It will help if the debtor has NOT messed up their credit in the 48 month period. Call the lender and ask.
What can you do if you co-signed an auto loan and three months later you want your name taken off?
The only way to be removed is to have the loan refinanced by the primary borrower without the participation of the cosigner.
Can a primary borrower have their name removed from a loan with a cosigner?
Names cannot be removed from loan contracts. New contracts can be written to superceed prior contracts, which in the case of a personal, auto or home loan means refinancing the loan. The lender offered the credit based on the qualifications of the parties who signed; therefore removing a party changes the qualifications for the loan.
Can the primany buyer of an auto loan refinance the auto loan in the cosigner's name only?
No. The cosigner would have to apply for a loan in their name using their credit, income data.
What is the remedy if both the person and car you cosigned for an auto loan are missing?
File for missing person. If your name is also on title then file for theft, if not then that cannot be helped. You can apply with the bank that your name be removed from the loan which most likely will cause you to pay a certain amount or you wont even be able to have it removed.
