She would have to get another loan to pay off this one or get the loan company to agree to drop you. There is nothing you can do to get your name off the loan. Your potential marriage had nothing to do with the loan. You were simply agreeing to pay the loan if she didn't.
No, but if you pay the insurance, or if she's not on his, you can probably manage to get her into trouble for driving it.
The signers on a lease are liable for charges during the term of the lease.
As a cosigner, You are jointly and separately liable for any and all amounts that might arise out of the finance note you guaranteed.
You do not even need to take the person to court. You being the cosigner has just as much right to the vehicle as they do. You can go take the vehicle anytime you want to.
you and the party you cosigned have to talk to who you have the note with and they should be able to help you out
Pay the loan off and then collect payments from the person you cosigned for.
Most Loans Have An Insurance On The Person The Loan Is Made Out To. Check This Out, Get A Copy Of The Contract. If There Is Life Insurance AOn The Person That You Cosigned For, Then The Loan Should Be Paid Off By Insurance On Loan GOOD LUCK
No, BUT the person driving it does and if they fail to do so and the car is totaled then you will both be on the hook to pay off the loan...so its something to think about
Yes. You have a legal right to sue to recover what is owed.
A cosigner is only responsible for the items that he has cosigned for.
It would depend if both names are on the title.
if you are from 'merica
No, you would have to redo the loan.
Unfortunately if you cosigned a loan that means you were willing to pay the loan if the other signer defaults and if that happen they will go by any means to collect that money that you "cosigned/said" you would cover if the other person defaults. I would go after that person that you cosigned for if it has gone this far.
If you are talking about someone who cosigned for your loan filing bankruptcy, As long as you continue to make your payments on time, nothing will happen. If you are talking about someone you cosigned for taking bankruptcy, you may very well have to pay this loan. Contact the lender.
yes it can
The bank would be paid ffirst since it most likely placed a lien on the title. If there is any money left over after the loan is paid off the owner of the insurance policy would receive it unless the co-signer was also on the insurance or also had a lien on the title.
No. Y-THINK-Y * Ordinarily a cosigner would not be liable for anything other than the lending agreement. However, responsibilities incurred by all parties when a vehicle is under lease can be quite different than the purchasing a vehicle. It would be prudent for the cosigner to read the leasing contract very carefully and perhaps seek legal advice if they are unsure of the terms of the contract.
When we cosigned a loan for our daughter we wrote up a separate contract which she signed. In the contract it stated that if she was one month late we had the right to reposess and she would also be responsible for all interest charges incurred for the life of the loan. We had insurance stipulaions as well. She signed the agreement and it is useable in court.
No. Once a cosigner has signed the contract the only way they can be removed from the responsibility is a new agreement being made without the assistance of the original cosigner.
You can't go to jail for defaulting on a loan. The vehicle will remain in the possession of whoever has their name on the title. If the girlfriend doesn't have her name on the title, then she has to remand the vehicle to you. You both have to satisfy the loan debt, as you are jointly and severally liable for the debt. She can sue you for the amount of the equity she put into the vehicle.
Very little, you will have to pay.
If the vehicle is insured and you do not ever drive it you wouldn't be required to be listed on the policy as a driver. Most companys though may want all 'owners' listed, for numerous reasons.