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Can the wife's name be added to a car loan that the husband originally made in his name only?
Yes! You will have go and add your name to the new paper work and title. * The loan will have to be refinanced if the couple do not reside in a community property state. Adding to the loan will not make the spouse a coowner unless they live in a community property state but it will make them a co-borrower and equally obligated for the debt in any state. A person does not need to be on the title to be on the loan and vice-versa. Although it is prudent to be placed on the title as that is what determines ownership, not the financial agreement.
What else can I help you with?
Can you be on title but not on the loan?
car is in wifes and my name, she got a title loan unknowingly from the husband. She defaulted, can they take the car from the husband?
If a loan is in both husband and wifes name who is responsible for the debt?
Both of you, together and individually!
Is a loan that was setup by the husband only in his name. without wifes signature still wifes debt?
Ask yourself the question that if the husband purchased a lottery ticket and the ticket was a winner, would the payments be partly the wife's?
Can a husband take a loan against a house that has wifes name on it also?
All parties on title to the home must sign the loan documents; so, your husband can not do a loan on his own. Some states allow the spouse to sign the note (the debt) but not the deed; that would mean you are on the loan only but not the title; in that case, your husband would be able to encumber the property with another loan in his loan only.
Is a husbands money protected from a wifes creditors?
A wife's (spouse's) money is only protected from the husband's (other spouse's) creditors if any of the following are true: * The couple lives in a non-community property state and the loan/credit account is only in the husband's name * The couple lives in a community property state, the loan/credit account is only in the husband's name, the loan existed before the marriage and has provably not been used in any way to benefit the wife
You bought a car the loan is in your name the car is in your wifes name?
yes
What are the implications of having a car loan in the husband's name in the event of a divorce?
If a car loan is in the husband's name and the couple divorces, the husband may be solely responsible for the loan payments. This could impact the division of assets and debts during the divorce settlement, potentially leaving the husband with the car loan debt.
Auto loan with itin numbers?
Is my husband allowed to use his i tin number for a 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
What if you dont payoff a loan that was your deceased husband?
depends on how the loan contract was made see a lawyer
Can a husband cosign for a car loan for his wife?
Yes
Your husband and you had a personal unsecured loan He died do you still have to pay all of the loan off?
If you co-signed the loan, yes, you will be personally responsible for the unpaid amount. if you did not co-sign the loan, your husband's ESTATE may be liable for the loan payoff. Talk to an attorney or the Probate Court for further information.
