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What would happen if you can't pay your car payments and the car is under a co-signers name also and you want to drop the loan?
Wiki User
∙ 19y ago
The co-signor would be responsible for paying the loan. Do you hate the co-signor that much?
Wiki User
∙ 19y ago
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IIf you obtain a loan with a cosigner after a discharged bankruptcy will the loan show up negatively on the cosigners credit if your payments are on time?
As long as the debtor makes payments on time, this would not reflect negatively on your co-signers credit. Co-signing will show on their credit report as debt as a co-signer guarantees repayment of the loan if the debtor defaults.
If I pay about 6 months worth of mortgage payments so I can be ahead what will happen if my house was to get destroyed Would I be out of all 6 months worth of money?
It sounds like you would be expecting a refund. You owe your mortgage payments even if your house gets destroyed. If you paid six months ahead your money is gone. You won't get it back but it would reduce what you own on your mortgage. However, if you have a mortgage then it is likely you have homeowner's insurance that would restore/repair your dwelling.You may also be expected to make your monthly payments. If you are contemplating this type of move it would be best to discuss it with your mortgage company before you send in any extra payments.
What is forecloser?
Fore-closer is when you miss a year or more of mortgage payments in a row and the bank will send you papers. if you don't make a payment after the letters, you loose your home. (would not want that to happen to me)
What happens in Dallas TX if you stop making your mortgage payments?
The same thing that would happen in any city in the US; the mortgage company will begin a foreclosure action to take ownership of the property.
How do you add if you can your apartment rent payments to your credit score?
Your landlord would have to report payments to the credit bureau.
How do you buy a car when you are 17 have no cosigners but a good down payment and want monthly payments?
Practically speaking, it's not easy because you're not of legal age to agree to a contract until you're 18, therefore any company that worked with you would have limited recourse if you defaulted on the payments. You might be able to buy a car in full (no financing) but would have challenges obtaining insurance.
IIf you obtain a loan with a cosigner after a discharged bankruptcy will the loan show up negatively on the cosigners credit if your payments are on time?
As long as the debtor makes payments on time, this would not reflect negatively on your co-signers credit. Co-signing will show on their credit report as debt as a co-signer guarantees repayment of the loan if the debtor defaults.
What can happen to you if you cosigned on a new car?
If the signor fails to make payments, you are responsible. By co-signing, you say that if the signor can not pay, you will would gladly make the payments.
Is there any protection for cosigners?
Not really unless you have a signed contract and are willing to sue them. Even then If they screw up on the payments your credit rating will go down. If they completely default your credit rating would go down and you might end up having to pay the entire loan ammount.
Im a primary borrower on a loan n i had2 have a cosigner to get my car. i have made several payments on my carnthe cosigner had told me tht he had the car sold hes now got the not makein payments?
Something is not right here. If you are the primary, then why is the cosigner making payments and why does the cosigner have possession of the vehicle? The is back-wards of what it should be. And why in the world would you put the cosigners name on the title? You have a mess on your hands, because you went about this all wrong. You need to contact a lawyer ASAP.
What would happen if a person owened a car and die but they still making payments?
The executor must make the payments from any assets of the deceased Estate until the Estate is settled.
What would happen if a tectonic plate would go under the other?
A chain reaction would happen causing either a vocano and/or an earthquake
What would happen if you were under 18 and you were 9 and you were a girl and you had sex with another nine year old what will happen?
U will get pregnate and why would u?
What can sometimes happen when there is an earthquake under the sea?
this would cause a tsunami
What would happen if you put granite in water?
it will goes under the water.
What would happen if there is no debt ceiling deal?
If no agreement can be reached, the Treasury will have to delay or reduce some payments to the states, individuals and to federal suppliers. It is unlikely that the Treasury would delay payments on bonds, as that would drastically compound the problem by causing interest rates on new treasury bonds to rise. It is not clear exactly when the Treasury would have to begin delaying payments; estimates from both sides are probably distorted by their political positions.
What would happen to the land buried under the ice if the ice sheets melted?
It would flood
