A co-signer is just as responsible for the auto loan as the signer is. If they did not pay then you were supposed to. That is what happens when people co-sign. The only way is to challenge the credit bureaus. You can get the directions from each of their websites.
No. For the best results credit-wise, the co-signer of your loan should have a great credit record, however, they do not have to live with you.
No. The loan is owned by the lender. The co-signer never has any authority to remove their name from the loan. They need to discuss that matter with the lender.No. The loan is owned by the lender. The co-signer never has any authority to remove their name from the loan. They need to discuss that matter with the lender.No. The loan is owned by the lender. The co-signer never has any authority to remove their name from the loan. They need to discuss that matter with the lender.No. The loan is owned by the lender. The co-signer never has any authority to remove their name from the loan. They need to discuss that matter with the lender.
The co-signer is typically a person who signs for the car loan; the co-signer may or may not be listed as a co-owner on the title. If the co-signer is also a co-owner, the co-owner who is paying the loan can legally take the car. However, if the co-signer is not a co-owner, taking the car would be grand theft auto. Incidentally, if the co-signer is not also a co-owner and the loan falls into default, both the signer and the co-signer will be identified in credit reports as defaulting on a car loan, even though the co-signer did not have or use the car.
you need to be 18 to get a auto loan,and then you would most likely need a co. signer.
A cosigner can only be removed from a loan through refinancing of the original agreement.
To remove a co-signer from your mortgage, you typically need to refinance the loan in your name only. This involves applying for a new loan based on your creditworthiness and income alone. Once approved, the new loan will pay off the existing mortgage, effectively removing the co-signer from the obligation.
Yes, you can potentially get a loan at 17 with a co-signer, as the co-signer's credit history and income can help secure the loan.
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The loan needs to be re-financed and be assumed solely by the person who originated the loan. The original person will need to have a worthy credit rating in order to escape the need for a co-signer.
That would depend on your age and credit rating and the rules of the loan company.
No. A co-signer has no such authority over the primary borrower. The co-signer is on the hook until the loan is paid off.No. A co-signer has no such authority over the primary borrower. The co-signer is on the hook until the loan is paid off.No. A co-signer has no such authority over the primary borrower. The co-signer is on the hook until the loan is paid off.No. A co-signer has no such authority over the primary borrower. The co-signer is on the hook until the loan is paid off.