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The cosigner is not able to come and obtain your vehicle for personal reasons or any other reason. A cosigner is not claiming ownership of your vehicle, they are simply vouching for your credibility and agreeing that if payments aren't made that they will uphold the responsibility.?æ
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What happens to a cosigner of a car loan when the primary loan holder files bankruptcy and the loan is discharged and they do a voluntary repossession?
They can still come after the cosigner, and it will still reflect poorly on your cosigner's credit history. You have been absolved of the debt, not your cosigner.
What can be done to you in Florida if you are the cosigner on a vehicle that is up for repossession but your husband is in possession of the vehicle and they cannot find it?
They will come to you for the money if they can't find him. It will be on your credit as a repo as well. As a co-signer, you sign that you will take over payments if the signer fails to make the payments.
Do you have to be allowed to remove personal belongings before a vehicle is repossessed?
It depends on where you are. In most states, no there is no requirement for that, but they do have to let you come retrieve your personal belongings later.
Can a cosigner on a leased vehicle be removed due to a separation?
No. Until the judge declared divorce, the cosignor is on the lease. The two parties must come to a decision on who is going to own the vehicle AFTER the divorce and the two parties agree that the owner will continue payment. IF for some reason the one person CANNOT afford the payment, then both parties are on the hook until end of lease. The OWNER of the vehicle may also declare that BOTH parties remain on the lease until END OF LEASE.
What if you are a cosigner on the car but the title and registration is not in your name but you made payments What rights do you have to the car Can you have your name taken off?
You have very few rights. You agreed to pay for a car that is not yours. Your name can only come off the contract IF the finance company agrees, and they have no reason to agree.
Shoul you get an extended warranty?
Personal decision I have them and have had good luck with AAA Not restricted to bring vehicle to dealer for repair and don't have to come up with big bucks for service
Can I cosign for my boyfriends vehicle?
If you are credit-worthy, you may be able to co-sign for your boyfriend's vehicle. But be aware that if he fails to make payments for any reason, you are liable for the debt and the creditor will come after you and possibly file suit against you. - I wouldn't do it.
Check engine range rover supercharged?
The check engine light can come on for a variety of reasons. You will have to have the vehicle connected to a code reader to determine the specific reason for the light to be on.
Your name is the first name after the leasing company on the title your cosigner is trying to take your car you've made all your payments on time can they force you to give up your car?
I had this very same instance come up and the police were called. They told me that as long as the payments were being made and you have proof of you making the payments on time, the cosigner has to leg to stand on when trying to take the car. So NO your cosigner can not take the car.
Can you get any belongings in your car that got repo?
They should offer you a chance to get your belongings out of the car when they come to repossess it. Their repossession order covers the vehicle they're repossessing - it does not give them entitlement to your personal belongings.
What is the reason servicing light appear?
All vehicles are equipped with servicing lights. When a vehicle needs to be serviced, the servicing light will come on. A mechanic can look at your car to tell you why your service light is on.
What is the real name for the nickname Maddy?
It is not possible to say. Nicknames can come from anywhere or for any reason. They may reflect a personal trait or feature. They are not necessarily a contraction or corruption of a given name.
