0
What else can I help you with?
Can a cosigner who is on the title of a leased car be sued for not paying any payments on the car when the primary leasee is paying off the loan?
First of all it would not be possible to be on the title of a leased vehicle, as the leasor retains ownership rights. A cosigner is only responsible for the debt if the primary borrower defaults on the lending agreement.
What are the effects and consequences of not paying off credit card debt?
What are the possible consequences of not being able to pay monetary judgments against you.
What are the potential consequences of paying off a 401k loan early?
Paying off a 401k loan early can lead to potential consequences such as missing out on potential investment growth, incurring early repayment penalties, and losing out on the tax benefits of having the loan.
You brought a car at a buy here pay here dealer you were not given a titlle that state there a lien on the vehicle?
If you have a lien on the vehicle (you are paying it off) You will likely not get the title until the vehicle is paid off.
Can you get a reposession back after filing chapter 13?
No, once a vehicle is repossessed it is no longer your vehicle. The only way to get it back is to make some sort of arrangement with the financier for you to keep the vehicle. This is usually paying off the missed payments, or even paying off the full balance. What you have to do to get it back is dictated by the financier.
What is off-balance sheet?
Off-Balance Sheet refers to assets and liabilities which are not reflected on the Balance Sheet. The most common would be leased equipment or property. A leased vehicle, for example, is not owned by the company - so the monthly payments are reflected as Auto Expense, but there is no vehicle included as a fixed asset, no Accumulated Depreciation and no Loan Payable. Lease obligations are generally disclosed in notes to the financial statements.
If you have filed a leased vehicle in a bankruptcy but they have never came to take the car back can you continue to drive it and eventually get a title for the vehicle in the state of Washington?
If the vehicle was listed in the BK and no relief of stay was filed for that vehicle, they won't come get it. They can't. Can you get a title? Yes. After the loan is paid off.
What are the potential consequences of paying off a loan in someone else's name?
Paying off a loan in someone else's name can have legal and financial consequences. It may be considered fraud or identity theft, leading to legal action. It can also impact the credit of both parties involved, affecting future borrowing and financial opportunities.
Is leased land off the balance sheet?
Yes if lease is operating lease then no asset is shown in balance sheet but by paying rental payment land can be used and it is helpful to improve return on assets ratio.
Can you get out of a deed of trust?
Yes, by paying off the debt.Yes, by paying off the debt.Yes, by paying off the debt.Yes, by paying off the debt.
Is the cosigner of a vehicle responsible for the negligent operation of the vehicle?
No. A cosigner is just responsible for paying it off if the negligent driver wrecks it and and can't work to make the payments.
Can you get out of a co signed home loan?
Only by paying off the loan.Only by paying off the loan.Only by paying off the loan.Only by paying off the loan.
