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If you co-signed a car loan you can't take your name off the loan. If you co-sign for someone with no credit or poor credit you are promising to pay off the loan if they don't. The only way to get your name off the loan is to pay it off or have the borrower refinance the loan in their own name.
What else can I help you with?
Can someone else take out a loan on a car for you?
This is called a 'straw' purchase. It does happen in the industry, but the banks do not allow it.
Can you take out a loan to purchase an apartment?
Yes, you can take out a loan, such as a mortgage, to purchase an apartment. This loan allows you to borrow money from a lender to buy the property and pay it back over time with interest.
Can someone purchase a vehicle then register that vehicle to someone else but continue to pay for the loan?
Yes, you can take out a loan for a vehicle for someone else and make the payments on it, but the only way you can put the vehicle in their name is if you have their permission.
I have an auto loan in my name can i get another auto loan in my name?
If you are already running a loan, then you can take a loan from another bank not from the same bank. If still you want a loan from same bank, then you can get on your parents name.
Why do most people take a mortgage loan when they purchase a house?
They take the loan to purchace the house.Not many people have $400,000 + in their bank..Thus they borrow it from the bank.
Is a mortgage considered a consumer loan?
Yes, a mortgage is considered a consumer loan because it is a type of loan that individuals take out to purchase a home or real estate property.
Can my cosigner take their name off the loan without my permission?
The only way to take a cosigner off of a loan is to refinance it.
How could someone take a loan in your name?
by deception
What is second home mortgage?
A second home mortgage is a loan that you take to purchase your second home.
Can a husband let the wife take over the loan of a house without her having rights to own the house?
If the loan by the Bank than it will be on your name. Do not pay loan if someone else as name to the loan.
What can you do if you got a divorce and the divorce papers say you are now the full owner of the van that has a loan in both of your names but the loan agency won't take his name off the title?
The loan agency can't take his name off of the title. The DMV can. The agency COULD take his name off of the loan, but they WON'T. They want to be able to collect from him if you don't make the payments.
How can a parent transfer a Parent PLUS loan into their student's name?
A parent cannot transfer a Parent PLUS loan into their student's name. The loan is the responsibility of the parent who took it out, and the student cannot take over the loan.
