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If you need a cosigner for the loan because of bad credit, it means you can't afford the car.
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The title has nothing to do with the loan. The loan will need to be refinanced using a different cosigner or only the primary borrowers.
Yes, you can replace a cosigner for an apartment with another cosigner. However, you need to get the consent of the landlord.
A cosigner basically is a guarantor for the repayment of a loan or value and serves as cosigner of the debt. If the debtor fails to make payments or defaults, the cosigner is obligated to pay off the debt. No benefits for the cosigner, but cosigner benefits the debtor.
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No, a cosigner can be retired, or just in good standing with the federal credit bureau. They do not necessarily have to have a job. But the deal with a cosigner is that if the individual they are cosigning for does not pay the bill, the cosigner is responsible for the payment.
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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.
Nothing. The only option for being remove as a cosigner is to have the original loan refinanced without the cosigner participating.
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No. The only obligation the cosigner has is to the lender.
legal rights of cosigner on mortgage
Capacity and intent of the cosigner to be bound is required.
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No, for the majority of student loans available in the United States you will not need a cosigner. However, for private loans, you will need a cosigner.
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