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Is it illegal to buy a car in your name but someone else make the payments?
Wiki User
∙ 11y ago
yes
Wiki User
∙ 11y ago
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Is it illegal to loan out a copy of software?
Yes, think of it as DVD burning. If you make a copy of someone else's DVD it is illegal. Same as with computer software. Both are copyrighted.
Will you lose your car if you make the payments but the loan is in someone else's name and they go bankrupt?
What will happen depends on the decision of the bankruptcy judge. If you are making the payments but the loan is in someone else's name, you do not have a legal leg to stand on. Still, the bankruptcy law in the United States, recognizes the need for an automobile. So, that person may keep the car.
What happens when someone you cosigned a mortgage for has filed for bankruptcy?
When you co-sign on a loan or mortgage for someone, you are promising to make the loan payments if they can't. When someone files for bankruptcy, they are claiming that they cannot make their payments. It would stand to reason that if someone you co-signed on a mortgage for files for bankruptcy that you would then be liable for making the payments.
If you co-sign a loan for someone and she makes all the payments on time will her credit rating improve?
Yes, it will improve her score, no matter who makes the payments on time, but you should be worried about what happens if SHE does not make the payments. The lender will expect YOU to make them.
Can co-signing a car loan affect your credit score?
It can have a negative effect if the primary borrower doe not make their payments on time. When you co-sign for a loan you are making a guarantee to the lender that the loan will be paid. If you decide to co-sign for someone else you need to make sure you can pay the loan if they stop making payments and you should also make certain the payments are being made on time. Late payments and missed payments will be reported to your credit record as well as that of the primary borrower.
Can someone lease a car and someone else make the payments?
Yes, all the bank cares about is that someone is making the payments.
Is it illegal to copy or rip movies for private use?
Making a copy of a movie that you own is not illegal. To give or sell it to someone else is. To make a copy of someone else's movie is illegal. Basically, if you make copy to avoid paying for the movie, it is illegal.
Does a co-signer have the right to take the car if you are behind on payments?
When you fail to make payments, they go after the co-signer. It can affect his credit. If he makes the payments he can take the car. You wouldn't want to make payments for someone else's car.
Can someone purchase a vehicle then register that vehicle to someone else but continue to pay for the loan?
Yes, you can take out a loan for a vehicle for someone else and make the payments on it, but the only way you can put the vehicle in their name is if you have their permission.
Are throwing stars illegal in Michigan?
Only if you put them in your nose. Or make someone else Eat one!
Is it illegal to sell goods that I make from a picture of an item someone else is selling like a baseball teams logo?
A logo image is the property of the person or organization it represents.Using someone else's logo to make a profit is illegal unless you have the permission of the logo owner to use it in that manner.
Is it illegal to take a car out of state when you are still making payments on it?
Not as long as you continue to make payments on it.
If you can't make the payments on your 2004 SUV what can you do?
Renegotiate the loan with the lender. Sell the car to someone else or have them take over the payments. The very last thing you want to do is default on the loan.
Is it illegal to loan out a copy of software?
Yes, think of it as DVD burning. If you make a copy of someone else's DVD it is illegal. Same as with computer software. Both are copyrighted.
Will you lose your car if you make the payments but the loan is in someone else's name and they go bankrupt?
What will happen depends on the decision of the bankruptcy judge. If you are making the payments but the loan is in someone else's name, you do not have a legal leg to stand on. Still, the bankruptcy law in the United States, recognizes the need for an automobile. So, that person may keep the car.
What if you got a car in your name for someone else but they cant pay the insurance What should i do?
I would sell the car. If they wreck then you still have to make the payments and then no one has the car.
Can you get the money instead of car repairs in an insurance claim?
Sure, if you own the car. That means you do not make any payments to someone else. If you make payments, then you don't "own" the car outright, and the money will generally have to be used to pay for the repair or to pay the car off.
