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The estate is responsible for settling the debts and accounts of the individual. It may be to the best interest of the estate to sell the vehicle and pay off the loan, or even allow the loan holder to reposses the vehicle. The executor of the estate will have to document and receive court permission regardless of what is done.

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โˆ™ 2007-01-09 17:35:50
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Q: Who is responsible for your car loan if you die?
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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


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.


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.


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


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.


Your husband is not on your car lease loan will he be held responsible if you do a repo?

no


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.


What happens if a co signer on a car loan passes away?

The surviving borrower is solely responsible for paying the loan.The surviving borrower is solely responsible for paying the loan.The surviving borrower is solely responsible for paying the loan.The surviving borrower is solely responsible for paying the loan.


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.


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.


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 a car is repossessed will the co-signer be left with bad credit?

Yes he/she is just as responsible for the loan as the signor of the loan.


What happens to your car loan if you die?

The estate has to resolve the loan, either through selling the car or returning it to the lender.


Can co signing for a car loan affect financial aid?

Yes. It may affect financial aid because it will be considered a loan that you're responsible for. You should know that if the primary borrower defaults on the car loan you will be have to pay the remaining balance. You should make certain that you can afford to pay for the car if you agree to co-sign the loan.Yes. It may affect financial aid because it will be considered a loan that you're responsible for. You should know that if the primary borrower defaults on the car loan you will be have to pay the remaining balance. You should make certain that you can afford to pay for the car if you agree to co-sign the loan.Yes. It may affect financial aid because it will be considered a loan that you're responsible for. You should know that if the primary borrower defaults on the car loan you will be have to pay the remaining balance. You should make certain that you can afford to pay for the car if you agree to co-sign the loan.Yes. It may affect financial aid because it will be considered a loan that you're responsible for. You should know that if the primary borrower defaults on the car loan you will be have to pay the remaining balance. You should make certain that you can afford to pay for the car if you agree to co-sign the loan.


In California is the surviving spouse responsible for deceased husbands auto loan?

The estate is responsible for the loan. If the spouse wants to keep the car, they may have to assume the loan, if the bank allows them to. Otherwise the vehicle may have to be sold.


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.


What if you co-sign for a daughters car loan?

Then you are responsible for the payment if she misses a payment.


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.


Who is responsible for car finance after death?

The estate has to resolve all debts. If there are co-signers to the car loan, they may be held accountable. If there are not enough assets to pay off the loan, the car will have to be sold.


If a car was voluntary repossessed and the cosigner was not notified is the cosigner still responsible?

Yes. If you signed the loan, you are still legally responsible for it.


Does a co-signer have to have permission from the Primary Account Holder to be taken off of a car loan?

A co-signer of a car loan needs the permission of the lender to be taken off the loan. That is not likely to happen since the lender wants as many sources as possible for repayment of the loan. Each co-signer is responsible for 100% of the loan. If one doesn't pay the other will be held responsible.


I had a car that got repossessed and I was left owing a lot on the loan and then I got married. Is my husband now responsible for my past due loan?

No. Because the car was purchased prior to the marriage.

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