You co-sign for a vehicle are you liable to pay the remaining balance of that vehicle if it was auction by the lien holder?
You are jointly liable with your other co-signer. The finace company can, and will, come after both of you.
When you cosign can you send the car back and pay the depreciation value so it won't reflect badly on your credit?
What happens if you cosign a car loan and the other party then files bankruptcy but secures the loan and will it be on the cosigners credit report or effect it?
What are your rights if you are a primary borrower of a vehicle and the seconday borrower is not paying the loan?
If you cosign on an auto loan is it required that you be named on the owners auto insurance just because you are on the title?
When you cosign for a vehicle will it be on your credit report and therefore effect the cosigner when they attempt to make a major purchase in the future?
It may. When you cosign a loan it becomes your own debt. By cosigning you agree to be responsible for paying the loan balance if the primary borrower stops making payments. That's why the bank requires a cosigner. If you apply for a mortgage the lender will figure that debt into the calculations as to your ability to repay the mortgage you apply for.
What can be done if you are a cosigner and the primary does not make the payment the insurance has been cancelled and was charged with DUI drugs?
If you agreed to cosign for a car loan but did not actually sign the contract and your name is a forgery are you liable?
If you cosign for a car and pay the payments can you put a lien on that vehicle for repayment from the borrower?
Will a cosigner's credit be affected if they cosign for someone who has a bad credit score because of a Chapter 7 bankruptcy?
Never cosign a loan. While I agree that one should NOT cosign. cosigning can hurt or help. Remember that if they do not pay you have to. Cosigning will affect your credit and count towards your debt to income ratio and show as an open joint auto loan. You might be turned down to get your own auto loan without a cosigner if you cosign.