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Is the suriving spouse responsible for her husband's car loan if she is not on the loan?
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∙ 15y ago
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Does a spouse need to sign a loan modification if separated in GA?
If responsible for the loan- yes.If responsible for the loan- yes.If responsible for the loan- yes.If responsible for the loan- yes.
Is a cosigner's spouse responsible for the loan if he dies?
No you are not responsible but if your step daughter does not pay the loan they can still repossess the vehicle.
Are spouses responsible for employee loans after their death?
In most cases a waiver has to be signed that states the spouse will not be responsible. This is especially true for credit cards. If you have signed a statement in contract that states in case of death... it depends on what it states; responsible or not responsible, again it is all in the fine print. There may be a waiver on a loan if the spouse had no knowledge of said loan if loan was signed into being prior to a wedding date.
Are you responsible for a loan your spouse cosigned?
Only the two consumer's who signed the contract are responsible. The debt will show on your husbands credit report. If you apply for joint credit in the future, any accounts held individually or jointly with anyone else will be reflected on your credit report and may impact the score. So, if you anticipate wanting to get an account, or loan, with your husband in the future; it may be in your best interests to ensure this loan is paid as agreed.
Is a surviving spouse who did not sign responsible for a loan the deceased cosigned?
The spouse would only be responsible if they lived in a community property state. Even then it is doubtful the contract would be valid if there were an attempt to collect the debt.
In California is the surviving spouse responsible for deceased husbands auto loan?
The estate is responsible for the loan. If the spouse wants to keep the car, they may have to assume the loan, if the bank allows them to. Otherwise the vehicle may have to be sold.
Does a spouse need to sign a loan modification if separated in GA?
If responsible for the loan- yes.If responsible for the loan- yes.If responsible for the loan- yes.If responsible for the loan- yes.
Are spouses responsible for a deceased husbands bank loan with several co-signers?
Are spouses responsible for a deceased husbands commercial bank loan with several co-signers?
If you get married are you responsible for the loan your spouse cosigned for their sibling?
No.
Is a cosigner's spouse responsible for the loan if he dies?
No you are not responsible but if your step daughter does not pay the loan they can still repossess the vehicle.
If the educational loan is in husbands name then the benefits of IT can be taken by spouse?
Probably not; see a lawyer to be sure.
If one spouse cosigns a loan is the other spouse responsible?
Yes, so be careful. You have to be sure that you will stay with your spouse.
Is the spouse named on the loan or the estate of the deceased spouse responsible for the debt of joint owned loans?
Yes.
Are spouses responsible for employee loans after their death?
In most cases a waiver has to be signed that states the spouse will not be responsible. This is especially true for credit cards. If you have signed a statement in contract that states in case of death... it depends on what it states; responsible or not responsible, again it is all in the fine print. There may be a waiver on a loan if the spouse had no knowledge of said loan if loan was signed into being prior to a wedding date.
Does a spouse have to pay back a loan of a deceased spouse if they are not a joint holder of the loan?
Depends on the state you live in. * If the married couple resided in a community property state the surviving spouse might be held accountable for the debt even though the loan was only in the name of the deceased spouse. In all other states the surviving spouse is not responsible for debt that is incurred solely by a living or deceased spouse.
Can a spouse be held responsible if you default on an auto loan even if your spouse's name is not any of the paperwork?
It depends on the laws in your jurisdiction. In some jurisdictions, no.
Are you responsible for a loan your spouse cosigned?
Only the two consumer's who signed the contract are responsible. The debt will show on your husbands credit report. If you apply for joint credit in the future, any accounts held individually or jointly with anyone else will be reflected on your credit report and may impact the score. So, if you anticipate wanting to get an account, or loan, with your husband in the future; it may be in your best interests to ensure this loan is paid as agreed.
