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Who is responsible for the car loan if they are on the top of the loan?
Wiki User
∙ 13y ago
typically the first name on the loan is the person responsible for the payment of that account. if the first named person cant make the payments, the loan company will turn to the co-signer ( 2nd name ). if neither party makes payments the loan will go into default in which both parties will have reports on there credit history.
Wiki User
∙ 13y ago
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How long is the co-signer responsible for a car loan?
Typically for the duration of the loan.
If you are the co-buyer on the car is the loan in your name also?
IF your name is on the LOAN papers, you are the co-signor and responsible for paying the loan if the debtor doesnt.
Does a spouse need to sign a loan modification if separated in GA?
If responsible for the loan- yes.If responsible for the loan- yes.If responsible for the loan- yes.If responsible for the loan- yes.
What if you co-sign for a daughters car loan?
Then you are responsible for the payment if she misses a payment.
You have a car loan can another person take over the payments?
If the loan company approves. If the loan company does not approve and transfer the loan you would still be legally responsible for the debt.
Who is responsible when your car is being repossessed in Pennsylvania?
The owner of the car (person(s)) who took the loan on the car are responsible
How long is the co-signer responsible for a car loan?
Typically for the duration of the loan.
Can the car seller be held responsible for the car loan of the buyer?
ABSOLUTELY NOT
Is step mom responsible for stepsons car loans after husband dies?
The stepson should be the one responsible for the car loan. If your husband cosigned on the car loan, then you need to contact an attorney on this one.
The person you cosigned for on a car loan passed away am I still responsible for the loan?
Yes
Who is responsible for a deceased mother's car loan if the loan company is holding the title as collateral?
Nobody is responsible for the loan if there was on cosigner. If the car was inherited by someone, then that person has a right to pay the debt owed and take possession of the title.
Your husband is not on your car lease loan will he be held responsible if you do a repo?
no
Would I be responsible for a car loan that my ex-husband defaulted on if he got the loan when we were still married?
no
I had a car that got reposed and was left owning a lot on the loan and then I got married. Is my husband responsible for my pass due loan?
No, the only person responsible for the debt is the people who were on the loan.
Can a co-signer of a car transfer all debt to the main signer of a car?
No. The co-signer will be responsible for paying the loan until it is paid off.No. The co-signer will be responsible for paying the loan until it is paid off.No. The co-signer will be responsible for paying the loan until it is paid off.No. The co-signer will be responsible for paying the loan until it is paid off.
If your car loan is in your boyfriends name and the title is in your name who is responsible for the car?
What is your agreement with him? Legally he is responsible for the loan. As to the car, which is in your name, you obviously are the owner. You are responsible for all maintenance on the car.Technically that is illegal to begin with. The motor vehicle division in your state is supposed to have the same owner name on the title as the name the loan (or lien) is filed under. Is there actually a lien filed on the vehicle? If so and motor vehicles finds this discrepancy, there could be big problems. In a situation like this, then as for who is responsible - well that depends on what you mean by "who is responsible" for the car. The person on the loan is responsible for the loan payments. As for other aspects of who is responsible - you would have to be a little more specific.
If two people are listed on title of car and person on loan defaults is other person responsible?
The car goes back regardless. If BOTH of the two people are on the loan, then BOTH are responsible. But if only one is on the loan then ONLY that person is reponsible.
