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What language is needed in a contract for an adult to cosign with a minor?
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Can a minor cosign on a loan?
absolutely not. Minors are not able to cosign any loans, only an adult (eighteen years or older) is aloud to cosign a loan. the law states that any minor is not responcible for the repayment of any loan.
Can a 16 year old in Michigan legally own personal property?
No because you are not legally an adult. You may be able to if you get an adult to cosign
If you are not 18 yet and want to get a credit card could you get a guardian to cosign?
No, this is not possible. Legally, you have to enter a binding contract with a credit company, and even with a cosigner, no one under the age of 18 can legally enter into a contract. If you are emancipated, then you are considered a legal adult, and then that would be a different story. Other than that, this is not possible. -Jesse
If you are only 17 can your mother cosign on a new car for you?
No. Your mother (or some other adult) would have to be the primary creditor.
Can any adult cosign for a teen to get a credit card?
Yes, but if you don't pay the bill the cosigner will be held responsible
Can an 18 year old be a cosigner for an adult?
Yes, an 18 year old can be a cosigner for an adult. At the age of 18, the individual themselves is considered an adult. Any adult, depending on whether or not their credit is good or bad, can cosign for another adult.
What does it mean if a bank asks you to get someone to cosign for you?
they want your parents or another responsible adult to say they will repay the loan if you can't .
In Washington state can you kick your adult daughter out of your house without getting an attorney?
Of course you can unless she is on the contract with you. What if everyone needed lawyers to make their kids move out?
Is there a minimum age requirement to cosign a loan?
Yes, only an adult can sign a loan. In most places that means you must be at least 18.
Why would you have someone cosign for a car?
In order to obtain the credit or maybe to obtain a better interest rate on the credit being requested. In most cases a credit application is stronger with two applicants on it rather than one. If you are under the legal age to sign a contract (18 in most places) you may be required to have a legal adult to sign with you.
How old do you have to be to enter into a contract in Venezuela?
Only an adult can enter into an enforceable contract. In Venezuela that is the age of 18.
Can children get a contract phone?
Not on their own ! Legally (at least in the UK) you cannot sign a contract for anything under the age of 16. Anyone under 16 would need an adult to sign the contract (and thus the adult would be responsible for the bill !)
