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A salesperson cannot sign an agreement such as cited, that would constitute a direct conflict of interest between the creditor and the consumer. Perhaps what was signed by the salesperson was a waiver removing the necessity for the buyer to have a cosigner.

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โˆ™ 2006-03-16 15:05:37
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Q: When purchasing at a buy here pay here salesperson said he co-signed loan but he is not on contract or installments?
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Can you take someone to small claims court if they refuse to repay a student loan that you cosigned for?

Yes, for Breach of contract.


What are the options if an exfiance wants off a cosigned student loan but the borrower cannot get another loan to pay off or refinance the cosigned loan and no the loan has never defaulted?

Since your ex-fiance cosigned on the loan, they are just as much obligated to the contract as you are. The only way they could get their name "off the loan" was, as you said, for the original borrower to obtain a new loan, in order pay off the original obligation. If this is not possible, then she is locked into the original contract.


If you cosigned on a loan and they are constantly late on their payment can you take legal action and ask that she refinance the car?

Nope... You signed a binding contract.


How do you get out of a cosigning contract?

I cosigned to help a friend purchase a used car. I later found out that the automobile was double the blue book suggested retail price. Now the signer and the car are missing. What can I do to get out of the contract.


What if you cosigned for an apartment and the lease was broken?

You are legally bound to the lease and the obligations of the original contract as if it were your lease. You can take the person that you co-signed for to court for reimbursement.


What are my rights if a loan I cosigned for isn't paid?

A co-signer is fully legally responsible for the debt of the loan if the other person on the loan fails to pay as per the signed loan contract. All rights and responsibilities are in the contract.


If a child defaults on a student loan co-signed by a parent can the parent sue the child to recover the amount they are forced to pay?

No, when the parent cosigned the loan, they agreed to pay what the child couldn't. * Yes, the contract that was cosigned was between the borrower's and the lender. A cosigner has the legal right to file suit against a primary borrower for financial damages incurred due to the primary borrower defaulting on the contract.


You cosigned for your daughter so she could get an apartment you want to get off of it What do you do?

You have your daughter fill out a new application with the landlord. If they will not accept her without a cosigner, and you still want to be off the contract, you wait until the contract expires and refuse to cosign again.


If you cosigned for a vehicle will this hurt your chances of purchasing another one?

It depends on your debt to income ratio and the total amount finance of the other vehicle. If you can afford two cars, it should not be a problem.


How can you get your name off of a car note you have cosigned on?

you and the party you cosigned have to talk to who you have the note with and they should be able to help you out


How can you get out of cosigner even through you already cosigned?

Pay the loan off and then collect payments from the person you cosigned for.


Is the cosigner responsible for other debts beside the item such as house rental he has cosigned for?

A cosigner is only responsible for the items that he has cosigned for.


How can you sue the person you cosigned for?

if you are from 'merica


If you cosigned on a car loan and car was repossessed 5 yrs ago and now the creditors are harassing you but you don't work and have no way of paying can your husband be held liable if he did not sign?

The spouse cannot be held liable, however it is quite possible that the debt is no longer valid for collection. The person who cosigned the loan should find out what the SOL is in the state in which the contract was signed.


Someone cosigned a loan for me and I since lost my job can this person file suit for the entire loan or just what she cosigned for?

No, you would have to redo the loan.


Is a surviving spouse who did not sign responsible for a loan the deceased cosigned?

The spouse would only be responsible if they lived in a community property state. Even then it is doubtful the contract would be valid if there were an attempt to collect the debt.


If you cosigned a leased car for your daughter and the car and insurance are in her name are you responsible as cosigner for any liability over the covered insurance amount in the event of an accident?

No. Y-THINK-Y * Ordinarily a cosigner would not be liable for anything other than the lending agreement. However, responsibilities incurred by all parties when a vehicle is under lease can be quite different than the purchasing a vehicle. It would be prudent for the cosigner to read the leasing contract very carefully and perhaps seek legal advice if they are unsure of the terms of the contract.


Can a lien be put on my property if im a senior citizen without going to court 1st for cosigned car?

Unfortunately if you cosigned a loan that means you were willing to pay the loan if the other signer defaults and if that happen they will go by any means to collect that money that you "cosigned/said" you would cover if the other person defaults. I would go after that person that you cosigned for if it has gone this far.


What happens when someone who cosigned for has filed bankruptcy?

If you are talking about someone who cosigned for your loan filing bankruptcy, As long as you continue to make your payments on time, nothing will happen. If you are talking about someone you cosigned for taking bankruptcy, you may very well have to pay this loan. Contact the lender.


If you get married are you responsible for the loan your spouse cosigned for their sibling?

No.


Can a cosigned car be taken out of state of Washington?

yes it can


If you cosigned for a 1-year lease for a family member and the year is up and no new lease has been signed and they are now living month to month how is the contract terminated?

I m pretty sure that the end date constitutes termination.


You cosigned for an ex but you are not on any of the paper work is this legal for the dealership to do?

Also note...the ORIGINAL purchase order for the bike is not signed by us or the dealership, would this make it a legally binding contract if we only signed an application and not the purchase order????


If someone cosigned a lease to your apartment can they take their name off the lease even if you have been paying the payments?

No. Once a cosigner has signed the contract the only way they can be removed from the responsibility is a new agreement being made without the assistance of the original cosigner.


Can you sue some one if you cosigned a credit card for them and they did not pay?

Yes.