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in most cases of legal agreements you can be at least 17 when signing a car agreement but they may ask for a parent guardian to sign as a gaurantaur. this can happen even if you are over 18 if they do not have enough information about your credit history in most cases of legal agreements you can be at least 17 when signing a car agreement but they may ask for a parent guardian to sign as a gaurantaur. this can happen even if you are over 18 if they do not have enough information about your credit history
What else can I help you with?
Is there a way that you can get off from cosigning a car and have someone else COSIGN?
No. The only way to change co-signers is to refinance the vehicle.
After cosigning on an auto loan and that car is traded in are you still the cosigner on the new vehicle?
No. You are only cosigner on the one vehicle you signed for. All bets are off once the car is traded.
Does cosigning for a vehicle lease obligate you to other debts the person has?
No. It will become a part of your credit report and will have some effect on your debt to income ratio.
How do you get your name removed from cosigning a car lease?
Until the lease is satisfied or the vehicle surrendered, you can't. You guarantee the loan if the primary cannot pay for it.
Have you ever regretted cosigning a loan for your ex?
Yes, I have regretted cosigning a loan for my ex.
Have you ever regretted cosigning a car loan for your ex?
Yes, I have regretted cosigning a car loan for my ex.
If before you cosigned you drew up a contract between myself and another person stating if they failed to make payments the vehicle would be in your possession do you have rights to the vehicle?
Unfortunately, when you cosign you are actually "the lender" of the money you loaned out from your banking institution and you are 100% responsible for that. Cosigning is cosigning and it doesn't really matter what contracts you set up between the two of you. If the contract wasn't done by the banking institution or a lawyer it is null and void. If this person fails to make payments you have every right to the vehicle and do what you want with it but, you must pay off the total amount (including penalties) of that debt. You have the choice of selling the vehicle and paying off what you can on the loan, or you can keep the vehicle. Marcy
How does cosigning for a car loan affect your credit?
No.
Can the cosigner get her name off the loan or can she take the car if her name is not on the registration?
The only way to be relieved from cosigning obligations is for the primary borrower to refinance the vehicle. And no, if the person's name is not on the car title they have no ownership rights.
Does cosigning a loan affect your credit the same as being the primary person on a loan?
Yes if you co-sign for a vehicle you are just as liable as the primary person so if they dont pay you have to pay or both your credits are hurt
What do you need to co-sign for a car in Florida?
There is not a strict set of requirements for cosigning. You will need to be over 18 and the lender will need to believe you are a good credit risk. This is based on your credit score. You should be concerned with the obligations cosigning a car loan will create for you. See the Related Link for "Experian: Advice on Cosigning a Loan" for info on this.
What do you need to co sign for a car in Florida?
There is not a strict set of requirements for cosigning. You will need to be over 18 and the lender will need to believe you are a good credit risk. This is based on your credit score. You should be concerned with the obligations cosigning a car loan will create for you. See the Related Link for "Experian: Advice on Cosigning a Loan" for info on this.
