Law & Legal Issues
Personal Finance
Loans
Money Management

If you cosigned on a loan and they are constantly late on their payment can you take legal action and ask that she refinance the car?

282930

Top Answer
User Avatar
Wiki User
2005-10-23 19:46:48
2005-10-23 19:46:48

Nope... You signed a binding contract.

1
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
๐Ÿ˜‚
0

Related Questions

User Avatar

Is there any payment date made for maple class action suit

User Avatar

The word constantly is an adverb.An example sentence is "he was always constantly singing in the shower".

User Avatar

A primary owner cannot refinance a car loan without consent from the co-owner. Both parties must agree to the action.

User Avatar

A person can refinance during bankruptcy by checking ones credit rate and talking with their attorney. Refinancing is not always possible and depends on the individuals circumstance and this course of action often damages the individuals credit rate.

User Avatar

Your mortgage lender can answer this question for you. You may also need to review this action with the board: your governing documents will inform this requirement.

User Avatar

Monitor the effectiveness of the risk controls in place.

User Avatar

There are quite a few ways to explain to a supplier why there might be a delay in payment. The truth is often the best course of action.

User Avatar

Yes, the cosigner is partly responsible for the car. Therefor they can take equal ownership or ask that you refinance in your own name so they are no longer liable if you default on a payment. Remember, missing payments will hurt both of your credit histories so they have a right to protect their reputation. * A cosigner has no legal right to any property unless his or her name is on the title, nor can a cosigner force someone to refinance a loan without taking the person to court and receiving a court order directing the primary borrower to take such action.

User Avatar

I believe the answer is as follows: If payment not made : No action If payment made : Dr Purchases Cr Bank Can someone verify this? Thanks!

User Avatar

You can take legal action once 1 payment is missed in Ohio. The person required to pay the child support can be charged with a first degree misdemeanor offense for their first charge of non-payment.

User Avatar

Its because the body needs oxygen constantly and it must be provided and note its a reflex action.

User Avatar

Your description best fits a beach or coastline that is constantly changed by wave action.

User Avatar

enzyme activity constantly increases with increasing temperature

User Avatar

Taking this to be the sentence (it's slightly edited):"The old car caused trouble constantly, but she never complained."the adverbs are "constantly" and "never." Both state when the action of the verbs ("caused," "complained") took place.

User Avatar

No, repossession is a civil action not a criminal one. You can be held financially responsible for the debt, though, regardless if the divorce petition states otherwise.

User Avatar

The Sun does have an intense and constantly changing magnetic field; we can see it in action in every solar flare or prominence.

User Avatar

First get the victim in a comfortable position so that when you operate they wont constantly shift

User Avatar

There is no opposite for intermittent action (coming repeatedly over time). The closest would be constantly or continuously, but they are not opposites.

User Avatar

Yes, a creditor/collector has no legal obligation to accept payment for anything other than the agreed upon amount. The same premise applies to making less than the minimum payment on credit accounts as well, such action would render the agreement null and void and the creditor can legally demand payment in full.

User Avatar

Sure, as long as you can find a lender willing to refinance the property and the action does not violate any court order.

User Avatar

What we see today is the "Skeleton" of the mountains that once were. New mountains are constantly being formed through the action of tectonic action and volcanic action.

User Avatar

Well, it's an involuntary muscular action that you can't control. But at times, you can make yourself blink making it a voluntary action. So it is involuntary and voluntary actions that keep your eyes nice and moist. ;)

User Avatar

The plaintiff is the person bringing the action in court (or the person on whose behalf the action is being brought). The obligee is the person to whom the payment is owed. These two are often, but not necessarily, the same person.


Copyright ยฉ 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.