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For the first-timer, yes; it gives you security in case you can;t do it and will make the bank more likely to consider you. For the cosigner, you better make sure you can keep your word as well.
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∙ 14y ago
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Is a cosigner of an auto lease obligated to pay the lease?
Yes. That's the idea.
Do you have to have a license to be a clothing buyer?
No, although if you're buying them for resale it's probably a good idea to get tax-free status.
Do you have to inform the buyer that you have shipped their item on eBay?
No, you aren't obliged to inform the buyer that you have dispatched their item but it is good manners to do so. Letting your buyer know that their item has been shipped will also help to give them some idea of when they can expect the package to arrive.
Can the primary borrower be sued by the cosigner if a loan is in default and the lender sues the cosigner?
Yes. But for now the lender has you and will get their money from you as they would the primary borrower. Cosigning is a really, really bad idea. At least for the cosigner. Everyone else seems to benefit.
How do you sign off a title to another person?
You sign the title where is shows seller and fill in the information of the buyer and have them sign as buyer. Its a good idea to make a copy of the title (front and back) just in case the buyer doesnt title it right away so you can prove that you sold it if you get a tax notice.
Is it a good idea to send small children to daycare for the first years of their lives?
is it a good idea to send small children to daycare for the first years of their lives
Is it a good idea to get a rabbit as a first pet?
FAIL!
Is it a good or bad idea to buy a used car?
If you have a Mechanic friend or family member, it can be a very good idea. Most used cars are sold "As is", and the general rule of thumb and law is "Buyer Beware." This means you buy the car as it is, with no promises or guarantees. This is why it's always a good idea to have a knowledgeable friend or family member inspect the car for you before buying it.
If a cosigner is forced to make payments on the loan because the borrower has defaulted can the car be confiscated from the borrower by the cosigner?
No. The car is not your property, nor do you have legal authority to sieze property. It would be considered grand theft. As a co-signer, you agreed to be just as legally liable for the debt as the borrower. That's why it's a good idea to NEVER co-sign ANYTHING.
Is it a good idea to do sellers concession?
How desperate are you to sell? It all depends on what is being asked, how much it will cost and whether you think the next buyer will make those same demands.
If a cosigner of a car loan wants to get off the loan but it's not a good idea for the other party due to credit score can the cosigner take legal action to get off the loan?
Probably not. You, like the primary party, signed a contract as an independednt, free-thinking adult. It is assumed under the eyes of the law that you knew what your were getting into. You are as bound by contract law as the primary.
What does a speaker do in a curcuit?
a good idea is learn to spell first
