It depends on the language of the agreement ultimately, but generally the obligations under the contract end with the contract.
If the payee on the contract reports to the credit bureaus during the course of the contract, the reporting for the co-signer would be the same as the primary on the contract regardless of who paid the contract.
That is why the cosigner is there. To back up the contract if you bail.
To fulfill the obligations that they have agreed to in the contract.
you are a mug
The maximum number of cosigners allowed on a mortgage typically depends on the lender's policies, but it is usually limited to two cosigners.
Unless there has been a new agreement signed since the original, that original agreement is still binding, and the cosigners are still on the hook.
Never. The contract ends when he retires.
when his contract ends
I wish your name could be taken off in a year. As long as that person owes money on the contract you are stuck to that contract like white on rice. I'm in the same sinking ship as you.
Yes, it is possible to have two cosigners on a mortgage. Having multiple cosigners can help strengthen the application and increase the chances of approval, as it shows additional financial support and responsibility.
With most companies, you would be able to get a new phone the day your contract ends. Some companies will even allow a new phone before the contract ends, as long as it is paid for.
A 6 year $60 million contract that ends in 2011
A 6 year $60 million contract that ends in 2011