ok Should not be a problem. A car loan is about credit, not driving.
i cosign for a car am on ssd the car was rep ode now there after me to pay the loan
You need a lisence to drive the car, but not to cosign a loan.
Cosign the loan
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.
Yes, a person without a job can cosign on a car loan. However, the person must have great credit before they can cosign.
Yes, that's the simplest way to do it.
You can cosign but both names will be on title.
If you can find a lender who will accept your signature, sure. Unlikely.
Depending on the state you must at least cosign.
Absolutely anyone that can qualify for credit can cosign a loan for anyone. But be careful, as the person cosigning takes full responsibility for seeing the loan is payed and will be the one sued for failure to pay (not the person they cosigned for) should the lender decide it is necessary to sue (e.g. the car was destroyed while uninsured and thus cannot be repossessed and no insurance settlement will be made).
Call the loan company and try to work with them. Next step is you loose the car.
how many times can someone cosign a car
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.
It does not matter if you don't have the car any more. What matters is the unpaid loan you took out on it when you bought it. It is because of the loan, not the car, that you are being sued. You can try re-negotiating with the car dealership and with the financial company. If that fails, you can try to hire a lawyer to protect your interests.
when you cosign on any kind of loan you dont have to pay anything unless the person you cosigned for does not pay the loan, then you are responsible for that the remaining balance on the loan
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 your car was repossessed, they will sue you for the difference in what the car sells for and the balance on the loan, plus repossession fees.
Only the dealership can tell you why they have made this requirement.