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Ask for copies of the contract and make sure someone else didn't sign for them. Not your copy but what they have on file. Without real signatures the contract is void.
Damaris Breitenberg
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What happens if a co-signer didnt sign the loan paperwork?
Ask for copies of the contract and make sure someone else didn't sign for them. Not your copy but what they have on file. Without real signatures the contract is void.
What happens if co-signer of a student loan dies?
The other signer is responsible.
What happens to a co-signer if the signer of the loan files bankrupt?
The co-signor becomes responsible for the balance due on the loan.
What happens if a loan is in default and is deceased but has a co signer?
The cosigner now owes for the loan.
What happens if you are a borrower and the co-signer dies?
If the co-signer dies the surviving borrower is responsible for paying the loan.
What happens if you have a woolwich loan yes and who do I contact about that loan?
Your local branch or the address on the paperwork.
When is a cosignor released from a loan?
The co-signer will be released from the loan when it is paid off. If the loan is refinanced under the primary borrower's name and credit, then that is also when the co-signer will be free. If the lender does not remove the co-signer, or keeps reporting the payment history on their credit report, then contacting them with the proper paperwork regarding payment should make it happen.
What happens if when cosigned mortgage loan goes into foreclosure?
The foreclosure is reported under the names of the primary borrower and the co-signer. The co-signer is equally responsible for paying the loan.
What happens when the signer of a car loan passes away and there is a cosigner as well?
The Cosigned assumes full responsibility of the loan.
What happens when a car payment go into default for the cosigner?
The co-signer has guaranteed the loan, therefore the bank will go after the co-signer for payment. If the loan is in default the default will go on the co-signer's credit record and if they don't pay the balance if will be on their record as a defaulted loan.The co-signer has guaranteed the loan, therefore the bank will go after the co-signer for payment. If the loan is in default the default will go on the co-signer's credit record and if they don't pay the balance if will be on their record as a defaulted loan.The co-signer has guaranteed the loan, therefore the bank will go after the co-signer for payment. If the loan is in default the default will go on the co-signer's credit record and if they don't pay the balance if will be on their record as a defaulted loan.The co-signer has guaranteed the loan, therefore the bank will go after the co-signer for payment. If the loan is in default the default will go on the co-signer's credit record and if they don't pay the balance if will be on their record as a defaulted loan.
What if the primary signer on a loan defaults?
If the primary signer defaults the co-signer will become responsible for paying the loan.
What happens when a co signer dies and you stop paying on car loan?
bank takes back
