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If you rent furniture and you require a co signer and you don't return the furniture will the co signer be held accountable as well?
Wiki User
∙ 14y ago
Yes. That's the purpose of a co-signer, to guarantee the conditions of the contract in the event of default by the other signer.
Wiki User
∙ 14y ago
Wiki User
∙ 6y agoYes. That is the purpose of having a co-signer.
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Does a surety bond require a co signer?
No. A surety bond does not require one have a co-signer although depending on the purchasers credit score and financial background a co-signer could be necessary.
Can a co-signer of the mortgage be an Australian?
No. A U. S. lender would require a co-signer who is local and subject to U. S. law. The purpose of requiring a co-signer is to make certain the loan will be paid in the case of a default by the primary borrower. A co-signer in Australia would be out of reach.No. A U. S. lender would require a co-signer who is local and subject to U. S. law. The purpose of requiring a co-signer is to make certain the loan will be paid in the case of a default by the primary borrower. A co-signer in Australia would be out of reach.No. A U. S. lender would require a co-signer who is local and subject to U. S. law. The purpose of requiring a co-signer is to make certain the loan will be paid in the case of a default by the primary borrower. A co-signer in Australia would be out of reach.No. A U. S. lender would require a co-signer who is local and subject to U. S. law. The purpose of requiring a co-signer is to make certain the loan will be paid in the case of a default by the primary borrower. A co-signer in Australia would be out of reach.
Can a spouse get a mortgage and have a co-signer?
Yes. Banks require a co-signer to guarantee the loan will be paid. A co-signer is in the bank's interest. If the primary borrower doesn't pay the co-signer will be held responsible since they have guaranteed the loan repayment.
How is the co signer affected if the primary borrower defaults on a home equity loan?
The bank providing the loan will go after both the primary borrower and the co-signer to get the loan paid back. If the co-signer has more assets/is more liquid than the primary borrower, the bank may just focus on the co-signer as both parties (the co-signer and primary borrower) have full responsibility for the debt regardless of who benefited from the cash.
Can you get a car loan with your learners permit if the co-signer has a license?
IF the lender doesnt require it, YES.
Does a surety bond require a co signer?
No. A surety bond does not require one have a co-signer although depending on the purchasers credit score and financial background a co-signer could be necessary.
My co signer is not paying his car bill can I return the car?
if think you can return the car you can or if you want to do for him you can do
What happens to the co-signers credit if the owner of the vehicle doesn't pay?
As the co-signer, you have vouched for the loan and can be held accountable for the balance.
Can a co signer refuse to return a car?
All a co-signer is someone who agrees to pay off the debt if the loan goes into default
Can a co-signer of the mortgage be an Australian?
No. A U. S. lender would require a co-signer who is local and subject to U. S. law. The purpose of requiring a co-signer is to make certain the loan will be paid in the case of a default by the primary borrower. A co-signer in Australia would be out of reach.No. A U. S. lender would require a co-signer who is local and subject to U. S. law. The purpose of requiring a co-signer is to make certain the loan will be paid in the case of a default by the primary borrower. A co-signer in Australia would be out of reach.No. A U. S. lender would require a co-signer who is local and subject to U. S. law. The purpose of requiring a co-signer is to make certain the loan will be paid in the case of a default by the primary borrower. A co-signer in Australia would be out of reach.No. A U. S. lender would require a co-signer who is local and subject to U. S. law. The purpose of requiring a co-signer is to make certain the loan will be paid in the case of a default by the primary borrower. A co-signer in Australia would be out of reach.
Can a spouse get a mortgage and have a co-signer?
Yes. Banks require a co-signer to guarantee the loan will be paid. A co-signer is in the bank's interest. If the primary borrower doesn't pay the co-signer will be held responsible since they have guaranteed the loan repayment.
Can a spouse get a mortgage and have a co signer?
Yes. Banks require a co-signer to guarantee the loan will be paid. A co-signer is in the bank's interest. If the primary borrower doesn't pay the co-signer will be held responsible since they have guaranteed the loan repayment.
How is the co signer affected if the primary borrower defaults on a home equity loan?
The bank providing the loan will go after both the primary borrower and the co-signer to get the loan paid back. If the co-signer has more assets/is more liquid than the primary borrower, the bank may just focus on the co-signer as both parties (the co-signer and primary borrower) have full responsibility for the debt regardless of who benefited from the cash.
Can you get a car loan with your learners permit if the co-signer has a license?
IF the lender doesnt require it, YES.
Can a co-signer ask the bank to repossess the property covered by the loan?
No. Repossessions are costly. The bank will simply require the co-signer to pay the loan if the primary borrower is in default. If there is a default it will be reported on the credit records of both persons.No. Repossessions are costly. The bank will simply require the co-signer to pay the loan if the primary borrower is in default. If there is a default it will be reported on the credit records of both persons.No. Repossessions are costly. The bank will simply require the co-signer to pay the loan if the primary borrower is in default. If there is a default it will be reported on the credit records of both persons.No. Repossessions are costly. The bank will simply require the co-signer to pay the loan if the primary borrower is in default. If there is a default it will be reported on the credit records of both persons.
Can you get a student bank account with bad credit?
You may be able to get a student bank account with bad credit if you have a co signer. Most student bank accounts require a co signer anyway.
Can a cosigner take posetion of furniture in the event of a default by the primary borrower?
Yes, if the co-signer takes over the payments they are entitled to chattel.
