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The advice you are seeking should be given by an attorney. You should contact a local legal aid society for help. However it would seem that the statute of limitations has caused the debt to be uncollectable.

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โˆ™ 2006-04-02 00:09:01
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Q: What happens when the person who held the loan dies and you are the cosigner and 18 years later they come after you but you are on disability and have no money or job hardship?
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Related questions

What responsibility does a cosigner on an apartment lease have?

a cosigner is a person who is responsible for the rest of the rent that you don't pay if u get evicted the person who signed as a cosigner will have to go to court

If you are a cosigner on a vehicle and the other person gets the vehicle repossessed then files for bancruptcy what happens to the cosigner?

you are still liable for that loan. the lender may decide to not accept the bankruptcy charge and go after you for the money.

If we have bad credit will a cosigner help us get a mortgage?

Yes, a person with bad credit can get a cosigner for a mortgage. The cosigner will have to have excellent credit and must go into the office to sign papers to become a cosigner.

Can you drive anywhere when you have a hardship license?

A person can only drive where the hardship license states that they can. Usually a hardship license allows a person to drive to work, the store, and appointments.

What is a hardship parole and how can a person qualify for it in Texas?

what is a hardship parole and who quilifys in texas

Congenital disability impacts to a person?

impact of a congenital disability have on a person

If cosigner has a car loan already may she cosign for someone and be approved for that person and the cosigner has good credit?


Can a person who receives Social Security be a cosigner?


What are Exmaples of hardship mean?

Hardship is the time that a person pass in his life that was full of bad things

What are the rights of a cosigner?

A cosigner is a person who signs with another person for a loan of some sort due to credit issues or financial reasons. A cosigner unfortunately does not have as many rights as the person who is first listed on a loan. For example, if you purchase a car and your boyfriend/girlfriend cosigns for you and you two break up, they cannot take the car away from you. However, if you are late on payments, the cosigner will then be responsible for the payments.

What legal recourse is there for the cosigner when the person that was cosigned for has defaulted on the loan?

The usual legal recourse for the cosigner when the person named as the primary on a loan has defaulted, is to make the payments on the loan. Then, the cosigner can take the person who defaulted to court to try and recoup some of the money they are out. If the loan was for a car, some states allow the cosigner to take possession of the car and sell it to recoup losses also.

Who is an oppressed person?

one who is enslaved caused hardship by another person

What does cosigner mean?

a cosigner is someone that also signs a note, meaning that if the original signer dose not pay the obligation the second signer or cosigner must pay. It means, if the person getting the loan does not pay it off, the cosigner is responsible for paying the loan off.

What happens if convicted of possession of a firearm under disability?

This depends on the exact charges brought, and the prior record of the person charged.

Does the credit of the cosigner gets affected if car is not paid?

Oh yes it does. That person put their credit on the line when they signed the contract making me a cosigner.

Is hardship a proper noun?

No, the noun 'hardship' is a common noun, a general word for any hardship of any kind.A proper noun is the name or title of a specific person, place, or thing; for example, The Emory University Hardship Fund or Hardship Mountain in BC, Canada.

Can a person wth felonies be considered to have a disability?

No. Being a felon is not a disability.

Will a person with disability have a normal life as an adult?

It depends what kind of disability

What happens to the organ if muscle tissue are injured?

a person can have a lot of pain or even maybe a disability if a particular muscle tissue is injured...

Can a cosigner live in a different state than the borrower?

That depends on the lending institution, but most lenders will accept an out of state cosigner as long as the person qualifies.

If the cosigner is on the title can they take vehicle if person is not making the payments?

Yes..... I did

What is the difference between developmental and acquired disability?

A person is born with a developmental disability. An acquired disability is a disability that is developed, for whatever reason, after birth.

What is a cosigner?

A cosigner is the person who agrees to pay off the full balance of the loan if the primary borrower fails to pay. A cosigner signs the loan documents and guarantees payment of the loan even if they have no ownership in the property covered by the loan.

Does the cosigner have to drive the car?

No, the cosigner signs on to the loan. Usually, the primary signer owns the car and drives it. The cosigner is there in case the loan goes into default and needs to be paid for. After they sign on the car does not belong to them, but the person who took out the loan.

What would you consider when supporting an individual with disability?

It would vary with the disability of the person