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In the eyes of the court, no minor can legally contract. Thus to be a co-signor on a loan (which is a contract to pay back borrowed money) each person must be over the age of 17. Only 18 or older may sign legal contracts.

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19y ago

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Does the cosigner on an automobile loan have to be on the automobile jnsurance policy?

Not in my state.


Is a cosigner liable for an automotive repossession in Michigan?

When you cosign for an automobile purchase you are typically liable for an automobile repossession in Michigan. The reason why is because you are responsible for car payments as a cosigner if the primary debtor cannot pay.


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Can a 19-year-old without credit who is not a student sign a lease without a cosigner?

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Can a 17 year old get a student loan without a cosigner?

Not possible as the applicant is a minor.


Can an 18 year old be a cosigner for an adult?

Yes, an 18 year old can be a cosigner for an adult. At the age of 18, the individual themselves is considered an adult. Any adult, depending on whether or not their credit is good or bad, can cosign for another adult.


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How can I remove a cosigner from a car title in California?

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What can a 70-year-old cosigner on a car loan be held responsible for if the loan is found in default?

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