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Co-signing a note means you will be legally liable if that person can not pay.

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Q: If you cosign a car loan for someone and they while under suspension could you be in trouble too?
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Does a cosigner have to be physically present to cosign a loan?

That would depend on the rules and procedures of the loan provider. If the cosigner alleged that the signature was not theirs, it could create a problem if the signature was not properly witnessed.

What if the cosigner has two car loans and a mortgage can they still cosign?

They could still cosign. It would mainly land on the bank to see if they would approve this person as a cosigner. More then likely they would if they have a mortgage as well as 2 other car loans that are up to date. This person probably has very good credit and all they'd need is a good amount of funds coming in to get approved.

Can you co-sign for a car loan if you went bankrupt?

It is possible that you could cosign an auto loan after you filed bankruptcy. It is not likely though. It would depend on a number of factors, not the least of which is your current credit number.

If you need a cosigner for a loan and you have someone with a credit score of 700 who will cosign but they only made 12k last year will they be approved?

The credit score could indicate that the person is responsible in their financial dealings. Unfortunately the salary amount would not be favorable. Many lenders will, however, look at the overall financial picture of the cosigner; for example the person's debt to income ratio, potential for increased future income, etc.

Is your home in jeopardy if you cosign a car loan?

In the event the loan defaults, and the lender obtains a judgment against you, AND the judgment is also defaulted on, the lender could petition the court for an order to sieze or liquidate other real property. The likelihood of this is small, and the occurrence of it is rare, but it is possible.

Related questions

Do you have to be a relative to cosign? father cosigned for me,but the bank told me that anybody could cosign..good luck to you.

How much trouble could you get into by the law if you choke someone?

Well ALOT could happen lol

If I were to Cosign for someone so they could get a car what happends What is my obligation then?

You could be held liable for the payments if the other party defaults. Your signing the contract is "insurance" for the lender that payments will be made, and they will consider you responsible if the primary party defaults.

What if you helped someone runaway?

That could get you into legal trouble since it is illegal and you can be charged.

What did the math teacher have to do so his daughter could buy a used car?

Cosign the loan

How do you punch someone in the face without getting in trouble?

You don't. Hitting someone is a battery and it is against the law. So unless you are fighting in a ring under rules, you could be in real trouble.

Can you get arrested for farting on someone's face?

The behavior you describe could be consider bullying and that could get you into trouble at school and other places.

Would someone be in trouble if someone absconding from parole comes to stay with her and then gets caught there?

you could. it's called aiding and abetting

Front suspension diagram 1998 Dodge Caravan?

Go to and post this question. I'd bet someone there could help you out.

Can you get in trouble if you hypnotize someone?

The person should be willing, but there are ways you could get in trouble using covert hypnosis because you could create your desired outcome, like, making them take blank paper instead of money. They WILL realize at some point, and you will be in trouble.

Can you identify the forces acting on the loaded suspension bridge?

I was wondering if someone could answer that aaquestion because my teacher gave me the exact same question

What might happen if someone had access to your password?

they can do really bad things with it, they could tell others, they could get you in trouble, maybe. they could do a lot of bad stuff with it.