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If a lender does not feel comfortable with what they perceive as your ability to repay a loan they may ask that you get a cosigner. The cosigner is a person who would be guaranteeing the loan repayment if you were to default.
What else can I help you with?
What spelling is preferred consignor or consigner?
The word can justifiably be spelt either "consignor" or "consigner" - as long as you remain consistent throughout the passage, both are equally acceptable.
What are the release dates for Fashion Hunters - 2011 Consigner Squabbles and Hot Male Models 1-6?
Fashion Hunters - 2011 Consigner Squabbles and Hot Male Models 1-6 was released on: USA: 8 November 2011
What if happens if you cosigned for car loan and the borrower files for bankruptcy?
if the consigner files bankruptcy can the borrower take the car
When packaging for repatriation what should be detailed on the label of particulars?
Air waybill number Name of consignee and consigner Name of deceased
Who is a consigner?
If a lender does not feel comfortable with what they perceive as your ability to repay a loan they may ask that you get a cosigner. The cosigner is a person who would be guaranteeing the loan repayment if you were to default.
What do you need to qualify for student loans without cosigner?
Student loans are provided without consigner based on needs. For example if you are independent from your parents, you can qualify for student loans without cosigner.
Can the primary on the cosigned loan drop the other person off the loan without refinancing if the other is buying a new car and the Primary wants to keep the other?
No. The only option from having a cosigner removed from the loan agreement is through refinancing. In some cases the lender may be agreeable to allowing a change of consigner's, but there will be additional fees charged.
Can a cosigner sign for one person at one place and also sign for someone different at another?
Yes. Be aware that the cosigner is the person whom the bank will go after 2nd if the primary signer defaults on payment. If this person cannot afford to have 2 different banks come after them, then they should not sign on 2 loans. So hopefully this consigner trusts both people to make their payments.
What are some nine letter words with 1st letter C and 6th letter G and 7th letter N?
According to SOWPODS (the combination of Scrabble dictionaries used around the world) there are 6 words with the pattern C----GN--. That is, nine letter words with 1st letter C and 6th letter G and 7th letter N. In alphabetical order, they are: campagnas condignly consigned consignee consigner consignor
What can be done to a cosigner if a loan is not paid?
You could try to sue the primary in civil court. It may not be possible to actually win a suit until after actions have taken place to actually cause you damages. These damages would include, but are not limited to, a negative credit score, judgment, garnishment, etc.
What are some nine letter words with 1st letter C and 6th letter G and 7th letter N and 8th letter E?
According to SOWPODS (the combination of Scrabble dictionaries used around the world) there are 3 words with the pattern C----GNE-. That is, nine letter words with 1st letter C and 6th letter G and 7th letter N and 8th letter E. In alphabetical order, they are: consigned consignee consigner
If you are a cosigner on an auto loan for a family member who has not made payments is there any way to remove your name from the loan?
You need to talk to the lender to see if you can get taken off the loan. The reason they required her to have a consigner was exactly for this possibility. Sometimes, a lender may allow a cosigner to be removed, but it's reasonable to say that would only be if the primary has made timely payments as agreed for a reasonable period of time and improved their credit worthiness to where the lender could feel the cosigner is no longer providing any actual needed protection. That would not seem to be the case at all here.
