0
u eventualy lose your car
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
What happens if cosigner stops making payments?
The other signer must make the payments or the loan will go into default, the property will be taken and your credit will be ruined.
If you cannot make payments on your loan what can i do?
If you cannot make the payments on your loan, you can request a deferment or call the Direct Loan Servicer and have all of your repayment options explained to you.
If you co-sign a loan for someone and she makes all the payments on time will her credit rating improve?
Yes, it will improve her score, no matter who makes the payments on time, but you should be worried about what happens if SHE does not make the payments. The lender will expect YOU to make them.
How do you prevent loan deliquency?
make your payments
What happens if you default on car loan in divorce?
The car will most likely be repossessed unless you make up the missing payments and penalties.
What happens when someone you cosigned a mortgage for has filed for bankruptcy?
When you co-sign on a loan or mortgage for someone, you are promising to make the loan payments if they can't. When someone files for bankruptcy, they are claiming that they cannot make their payments. It would stand to reason that if someone you co-signed on a mortgage for files for bankruptcy that you would then be liable for making the payments.
What do you do when the bank tells you they will cancel your arranged payment on a car loan account?
== Arranged payments== In my experience they will repo your car, if you dont make other arrangements.
What loan requires you to make loan payments while attending school?
Pell grant
What happens when you default on your loan and the insurance company pays out on your loan?
In most places the money goes to the BANK! Their name is on the title of the vehicle until you make all your payments and they sign a "release of lein".
What is the phone number to make auto loan payments?
that depends on who your loan is through.Do you know what company you got the loan with?
What are the options if a co signer of a student is retired and cannot afford the payments?
Once you co-sign you are responsible for the loan until the loan is paid off. Retirement does not change your obligations under the loan. If the primary fails to make payments the lender will go after you.Once you co-sign you are responsible for the loan until the loan is paid off. Retirement does not change your obligations under the loan. If the primary fails to make payments the lender will go after you.Once you co-sign you are responsible for the loan until the loan is paid off. Retirement does not change your obligations under the loan. If the primary fails to make payments the lender will go after you.Once you co-sign you are responsible for the loan until the loan is paid off. Retirement does not change your obligations under the loan. If the primary fails to make payments the lender will go after you.
You dont have a credit card you don't plan to have one How can you build up credit without one?
You can build up credit thru a car loan if you make your payments.
