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If your father signed for a car for you and you are the cosigner and you are 3 months behind but will be paying in full within a week will they come after you even though you are the cosigner?
Wiki User
∙ 17y ago
Like the person said below me just call the bank and tell them the situation. I was in the same position as you last year. My cosigner wasnt someone as close, it is my boyfriends mother. I ignored the calls from her and the bank only to make myself look irresponsible. The whole time all i had to do was let people know i wasnt in a position to pay right then and there. If i had said something before 3 months passed i wouldve realized that my cosigner was already making those payments before they became deliquent and just wanted to tell me she was here to help. seems like we dont have all the facts in this situation. If you are 3 months behind, one your father and yourself will have been notified by the bank more than once. second, You say you are paying in one week? tell the bank this not us and problem is resolved! p.s. give the bank your address, dont put the burden on your father stand up and take responsibility for your actions. all part of growing up.
Wiki User
∙ 17y ago
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If the cosigner has had possession of vehicle 15 months paying the payments does the primary have the right to the vehicle?
will primary on a auto loan have right to the vehicle if cosigner has been paying loan for 15 months and has possession of vehicle will primary on a auto loan have right to the vehicle if cosigner has been paying loan for 15 months and has possession of vehicle
The obligation of a cosigner is discharged by?
The obligation of a cosigner is discharged by a borrower securing a loan to the satisfaction of the creditor. Paying off a loan will also discharge the obligation of a cosigner.
What if your cosigner died and your car was repoed can you get it back without paying the price of the car?
NO
What happens to the cosigner if you are in chp 7 bankruptcy and you default on your car loan?
If you default on your loan, the cosigner is stuck with paying it off. If your credit had been any good in the first place, you would not have needed a cosigner.
Is the cosigner of a vehicle responsible for the negligent operation of the vehicle?
No. A cosigner is just responsible for paying it off if the negligent driver wrecks it and and can't work to make the payments.
Can a cosigner go to jail if you stop paying your car payment?
because jesus died for me and you.
What legal responsibility does a cosigner have if the renter is evicted by his landlord?
The legal responsibilities of a cosigner on a lease agreement are the same as the tenant without the benefit of tenancy.
A father wanting to be emancipated from his child who is 18 to relief himself from paying child support he is behind on child support and wants out what can happen?
A father cannot petition for emancipation, the child has to. And it doesn't relieve him of paying back support payments.
Can the cosigner of a student loan be removed when the loan owner stopped paying because she was convinced to by a third party who used defamation of character against the cosigner?
It may depend on your local state laws, but generally, no. Once you cosign, you are liable for payments if the other stops paying, no matter the reason.
What happens if you are a cosigner on a house that is being foreclosed on?
The foreclosure will affect your credit record. You are fully responsible for paying the loan.
Should a co signer be told if something they signed for is getting repoed?
No. The cosigner should make certain the loan payments are being made since they guaranteed the loan would be paid back. If the primary borrower isn't paying then the cosigner must pay or their own credit record will be ruined and the lender can go after them for payment.No. The cosigner should make certain the loan payments are being made since they guaranteed the loan would be paid back. If the primary borrower isn't paying then the cosigner must pay or their own credit record will be ruined and the lender can go after them for payment.No. The cosigner should make certain the loan payments are being made since they guaranteed the loan would be paid back. If the primary borrower isn't paying then the cosigner must pay or their own credit record will be ruined and the lender can go after them for payment.No. The cosigner should make certain the loan payments are being made since they guaranteed the loan would be paid back. If the primary borrower isn't paying then the cosigner must pay or their own credit record will be ruined and the lender can go after them for payment.
Can a cosigner who is on the title of a leased car be sued for not paying any payments on the car when the primary leasee is paying off the loan?
First of all it would not be possible to be on the title of a leased vehicle, as the leasor retains ownership rights. A cosigner is only responsible for the debt if the primary borrower defaults on the lending agreement.
