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If you cosigned for a car loan how can you get out of the loan?
Wiki User
∙ 14y ago
The loan must be paid off or the lender must agree in writing to remove your name from the obligation.
Wiki User
∙ 14y ago
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Who pays the loan if a car is repossessed?
The one who BORROWED the money and/or the on who COSIGNED the loan.
What if happens if you cosigned for car loan and the borrower files for bankruptcy?
if the consigner files bankruptcy can the borrower take the car
Is there any way to get your name off of a loan if you cosigned for a car loan while you were married and then you got divorced?
The loan has to be "secured" by someone with good credit. Call the lender for their loan qualifications.
If the person you cosigned for refuses to pay on the car loan after a year and a half can the cosigner take over payments and get possession of the car?
Only if they are a joint title holder of the vehicle.
If you file for bankruptcy and you cosigned for someone can the car loan be included in the bankruptcy if the person is not making their payments?
YES, you can include it whether the payments are current or not.
Who pays the loan if a car is repossessed?
The one who BORROWED the money and/or the on who COSIGNED the loan.
The person you cosigned for on a car loan passed away am I still responsible for the loan?
Yes
Sister cosigned a car loan but they registered the car in her name is that legal?
Its half hers.
What happens when the signer of a car loan passes away and there is a cosigner as well?
The Cosigned assumes full responsibility of the loan.
What if happens if you cosigned for car loan and the borrower files for bankruptcy?
if the consigner files bankruptcy can the borrower take the car
Someone cosigned a loan for me and I since lost my job can this person file suit for the entire loan or just what she cosigned for?
No, you would have to redo the loan.
Is step mom responsible for stepsons car loans after husband dies?
The stepson should be the one responsible for the car loan. If your husband cosigned on the car loan, then you need to contact an attorney on this one.
Is there any way to get your name off of a loan if you cosigned for a car loan while you were married and then you got divorced?
The loan has to be "secured" by someone with good credit. Call the lender for their loan qualifications.
Can a lien be put on my property if im a senior citizen without going to court 1st for cosigned car?
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 your father cosigned a car loan with you and you missed a payment does he have authority to take your car?
Well, if you are under 18, he can certainly take away your keys.
If your car is repossessed and the person who cosigned for you files bankruptcy are you still liable for the repossession?
Yes. If you default on your car loan you will remain liable for the debt.
What happens if a relative cosigns for a business loan and he dies?
my mother cosigned for a leased car for my sister. my mom has died. what do we do with the car? will my sister now be responsilbe?
