Quantcast
answersLogoWhite
notificationBell

Top Answer
User Avatar
Wiki User
Answered 2005-01-15 22:41:02

The co-signor would be responsible for paying the loan. Do you hate the co-signor that much?

001
๐Ÿ™๐Ÿฟ
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
๐Ÿ˜‚
0
User Avatar

Your Answer

Still Have Questions?

Related Questions

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.


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.


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.


Can Cosigners on student loans lose their homes?

There is a potential that you could lose your house but that would be very late in the collection process. When you co-sign a loan (doesnt matter if it is a student loan or otherwise) you are assuming FULL responsibility for the obligations of the loan (including payments due as a result of default and late payments) in the event that the primary borrower defaults. The creditors have the option to come after you and it is possible they would go after your house.


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.


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.


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


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.


Can a child under 8 be charged with arson or murder?

Yes, this can potentially happen. It would be under special consideration in the courts, but it could happen.


What would happen if the aorta was cut?

You die in under a minute.







Can volcanoes erupt under water?

Yes. If this did not happen we would not have volcanic islands.



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 if the mistletoe or the spruce died?

then the people would pick another plant to be able to kiss under


What would happen if the super volcano under Yellowstone park erupted?

Not only would the ground shake, it would kill everybody.


What is electronic payments system?

This would generally be payments over the internet, or through an ATM.


What would happen to birds if they could sweat?

Moisture would be trapped under their feathers and would not evaporate as easily- they would be very wet when hot.


Why would the voltage light come on and stay on in a 1999 dodge caravan?

That would happen if the alternator is over or under charging.



What would happen if diploid cells were the only cells possible?

There would have been only asexual reproduction under such possibility .


Still have questions?

Trending Questions
What are fat burning foods? Asked By Wiki User
What is half of 16? Asked By Wiki User
Do potatoes have genders? Asked By Wiki User
Unanswered Questions