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Is a lender required to evaluate whether a cosigner should be allowed to cosign?
Wiki User
∙ 19y ago
The lender will evaluate the cosigner's ability to repay the loan. As long as the cosigner is mentally competent, his health is not normally an issue. If the family had gone to court to have a conservator or guardian appointed for the grandfather BEFORE the loan was signed, it would not be valid.
Wiki User
∙ 19y ago
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Can someone be a cosigner for an apartment if they live in another state?
Whether or not an apartment complex would allow someone from another state to become a cosigner would be up to them to decide. They have the right to set their own rules in regards to who would be allowed to cosign.
Will a cosigner be approved if they still owe money on a car?
It depends on the amount of their income- whether they can afford to pay both loans. A co-signer will be required to pay if the primary borrower defaults on the loan.
What happens if my cosigner doesn't want to be my cosigner anymore?
It depends on whether they've already co-signed or not. If so, too bad for them. If not, too bad for you.
Can you get a loan for a vehicle with a cosigner at 16 years of age?
From what i understand, you have to be 18 to enter into a binding contract...and so its up to the bank whether or not you can get one because they can't enforce it on you...so you will definitely need a cosigner and the bank will look at both your credits to see if it's worth the risk i know this because my friend signed for a loan w/ his parents as cosigners and because i also wanted a personal loan and the bank told me i needed a cosigner with better credit :P
If the cosigner has a good credit score will this affect your interest rate on a car loan?
Depending on the lending laws in your state, yes. Some states require lenders to consider both applicants' credit scores, some only require the primary applicant's score be considered when determining the rate, while using the cosigner's score to determine whether or not to apply. Either case though, a cosigner with a better credit score than the primary applicant can only positively affect the interest rate or not affect it at all; it won't make it any worse.
Can someone be a cosigner for an apartment if they live in another state?
Whether or not an apartment complex would allow someone from another state to become a cosigner would be up to them to decide. They have the right to set their own rules in regards to who would be allowed to cosign.
Will a cosigner be approved if they still owe money on a car?
It depends on the amount of their income- whether they can afford to pay both loans. A co-signer will be required to pay if the primary borrower defaults on the loan.
How long are businesses allowed to keep email records for?
I would think they are allowed to keep them for as long as they wanted to. Whether they are required to keep them or, not is another issue, that I do not have the answer for.
What happens if my cosigner doesn't want to be my cosigner anymore?
It depends on whether they've already co-signed or not. If so, too bad for them. If not, too bad for you.
What is -2.3 for evaluate?
It is a negative rational number. Whether it is for evaluate or anything else makes no difference.
If you want to take out a loan and are in the process of getting your license will you be able to take out a loan with a cosigner?
You don't need a license to get a loan. Your credit rating will determine whether you need a cosigner or not.
Does a co signer have right to the vehicle after it is paid off?
The cosigner has equal right to the vehicle whether it is paid off or not.
Does a co-signer have right to the vehicle after it is paid off?
The cosigner has equal right to the vehicle whether it is paid off or not.
What the loan cosigner's responsibility when the loan is for a friend?
A cosigner's responsibility is to pay the loan in full if the primary borrower fails to pay. The connection to the primary borrower is irrelevant, whether it is a family member or a friend. You should never co-sign unless you can afford to pay your friend's loan. You should also note that when you are required to pay the loan as a cosigner (after the primary borrower defaults) your own credit may be ruined and you will be paying for property that you do not own. The default rate for people who need co-signers is high.
How can historians determine whether a claim is valid?
evaluate the evidence used to support it
What technology allows doctors to evaluate whether an athlete has broken a bone?
catscan
How to evaluate your supervisor?
Sometimes you may be asked to evaluate your supervisor. When you do so, consider things such as how well your supervisor communicates and whether or not you feel that your supervisor is fair.
