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If you co signed for an auto loan will the bank refuse to give you your own loan even if the original loan is not default?
Wiki User
∙ 15y ago
Not if you qualify with both payments. Since you co-signed for another loan, they will count that debt and payment into your debt ratios. If you still qualify, there should be no issues unless multiple car loans to one person is prohibited by a lending policy.
Wiki User
∙ 15y ago
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Can a bank offer you a settlement on a charged off auto loan and later refuse the settlement offer because you received a check from your auto insurance company to fix your car from an accident?
Yes, the bank or any lending institution can withdraw any offer unless a contract has been signed by all parties.
Can you default on an auto loan if there is a cosigner and you are the primary?
Well, you CAN default but the co-signer would then be completely responsible for paying the loan that you defaulted on. The co-signers credit will be impacted by your default and all subsequent collections.
If the cosigner of a auto loan files bankruptcy and the borrower can't make payments what happens to the auto and the balance of the loan?
Really simple: The loan goes into default and the car gets reposessed. In many car loans, the language in the contract ensures that in the event of default, the lender doesn't need to provide any more consideration and can take the car without worrying about the money left when default occured.
If a lender says you cosigned for an auto loan in which you didn't and is now in default what options do you have?
A lender "saying" you co-signed for a loan has no meaning. Loans are not granted on what people say, but on a contract they sign. If a loan was opened fraudently using your identification and your forged signature, you can file a police report and an affidavit with the Federal Trade Commission.
Can a bank charge bank fee for an auto loan?
Yes, if you signed the contract that included it in the language.
Which is the default storage class in a function?
auto
Is it possible to set a default values to a primary key which is auto increment?
In Mysql: No You will get error :Invalid default value for 'id'
Can a bank account be garnished for auto default?
Depends on the laws in your state.
Can a bank offer you a settlement on a charged off auto loan and later refuse the settlement offer because you received a check from your auto insurance company to fix your car from an accident?
Yes, the bank or any lending institution can withdraw any offer unless a contract has been signed by all parties.
Is it legal for your auto to be repossessied if the payment is less than 30 days late?
It all depends read your contract. It's legal if the loan is in default. Now you need to find out what constitutes a default in your signed contract. Things like lack of insurance and other conditions usually apply that most people are unaware of. Read your contract...
What routing protocol performs auto summarization by default?
Rip V2, EIGRP
Can a vehicle be reposessed for no insurance coverage?
Yes, Almost every Auto finance contract requires the buyer to carry Full coverage auto insurance for the term of the finance note. Failure to company with the terms of the finance contract you signed is a default on the part of the buyer and subjects the vehicle to repossession and other remedies at the disposal of the finance company.
Can you default on an auto loan if there is a cosigner and you are the primary?
Well, you CAN default but the co-signer would then be completely responsible for paying the loan that you defaulted on. The co-signers credit will be impacted by your default and all subsequent collections.
What does auto autographed mean?
Autographed means signed by a player.
Which routing protocols performs auto summarization default?
RIP version 2, EIGRP
What does it mean to have a guarantor on an auto loan?
A cosigner- someone who agreesto pay the loan if you default
What is the default Windows XP setting for automatic account lockout?
There is no auto account lockout.
