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If the signor fails to make payments, you are responsible. By co-signing, you say that if the signor can not pay, you will would gladly make the payments.
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∙ 9y ago
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Can a lien be put on my property if im a senior citizen without going to court 1st for cosigned car?
Unfortunately if you cosigned a loan that means you were willing to pay the loan if the other signer defaults and if that happen they will go by any means to collect that money that you "cosigned/said" you would cover if the other person defaults. I would go after that person that you cosigned for if it has gone this far.
How can you get your name off of a car note you have cosigned on?
you and the party you cosigned have to talk to who you have the note with and they should be able to help you out
Can a cosigned car be taken out of state of Washington?
yes it can
Sister cosigned a car loan but they registered the car in her name is that legal?
Its half hers.
If the primary borrower on a cosigned car lease dies. what happens to the car?
The person who's name is on the Title is the owner of the car.
Who pays the loan if a car is repossessed?
The one who BORROWED the money and/or the on who COSIGNED the loan.
What if happens if you cosigned for car loan and the borrower files for bankruptcy?
if the consigner files bankruptcy can the borrower take the car
What can you do if you cosigned on a car title and you want to sell the car?
You cannot sell the car as you do not own it. The only thing you can do is try and persuade the owner to sell the car.
The person you cosigned for on a car loan passed away am I still responsible for the loan?
Yes
I cosigned a car for your son can i refuse to let his girlfriend drive the car?
No, but if you pay the insurance, or if she's not on his, you can probably manage to get her into trouble for driving it.
If your father cosigned a car loan with you and you missed a payment does he have authority to take your car?
Well, if you are under 18, he can certainly take away your keys.
Why would a car you cosigned with someone show up on the bill of the car you have insured only in your name?
This is a question for your agent. It could be an administrative error.
