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There are different possibilities. If you have no assets and the primary borrower has defaulted, the bank is out of luck. On the other hand, if you have an estate and the primary has defaulted, the bank can make a claim against your estate. The laws vary in different jurisdictions. You should check the laws in your jurisdiction and make certain you understand your obligations before you co-sign.
There are different possibilities. If you have no assets and the primary borrower has defaulted, the bank is out of luck. On the other hand, if you have an estate and the primary has defaulted, the bank can make a claim against your estate. The laws vary in different jurisdictions. You should check the laws in your jurisdiction and make certain you understand your obligations before you co-sign.
There are different possibilities. If you have no assets and the primary borrower has defaulted, the bank is out of luck. On the other hand, if you have an estate and the primary has defaulted, the bank can make a claim against your estate. The laws vary in different jurisdictions. You should check the laws in your jurisdiction and make certain you understand your obligations before you co-sign.
There are different possibilities. If you have no assets and the primary borrower has defaulted, the bank is out of luck. On the other hand, if you have an estate and the primary has defaulted, the bank can make a claim against your estate. The laws vary in different jurisdictions. You should check the laws in your jurisdiction and make certain you understand your obligations before you co-sign.
Wiki User
∙ 9y ago
Wiki User
∙ 9y agoThere are different possibilities. If you have no assets and the primary borrower has defaulted, the bank is out of luck. On the other hand, if you have an estate and the primary has defaulted, the bank can make a claim against your estate. The laws vary in different jurisdictions. You should check the laws in your jurisdiction and make certain you understand your obligations before you co-sign.
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What happens to your car loan if you die?
The estate has to resolve the loan, either through selling the car or returning it to the lender.
What happens if you co-signed a car loan and the primary borrower dies?
You are still respnsible for paying should the borrower die.
What happens to car insurance when you die in the UK?
1. If you have everything home and car when you die , trust sign to your family or the children get WILL before too lately. 2. If you not have Car Insurance cover will lose suing them or crash high point , kill people die , going to Prison...
In Colorado what happens to your debt and car loan if you die?
Someone, normally a family member, will be appointed as executor of your estate. That person is in charge of your assets and debts as allowed by law.
What happens to kids when there is car pollution?
they die
What happens when your knee gets crushed by a car?
YOU DIE
If I'm getting a co-signer for a car what do I do?
You must make certain the person who has agreed to co-sign your loan understands they will be fully responsible for paying the debt if you default on the loan or if you die while the loan is outstanding. Their name should also be on the title to the car and the insurance so they can be notified if you don't pay the insurance or take the car over if you fail to pay and they must make the payments. Most people don't realize all the financial responsibility that comes from co-signing for another person's car loan. If the co-signer owns any real property it could become vulnerable to your creditor if you default on the loan.
What happens if a bomb explodes in your car?
simple- we'll die|
What happens to the human body when in a car crash?
Well you die.
What happens if you crash a car being a minor with no insurance?
You die because u die
What happens to a frog that is in the path of the passing car?
of course the frog will hit by the wheels of the car and will die
What happens if you explode?
If you explode you die and the same applies to a car battery.
