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What else can I help you with?
Can a cosigner in California take possession of a vehicle if the primary borrower is not making the payments in Georgia?
Only if the cosigner is also named on the vehicle title.
If the cosigner is on the title can they take vehicle if person is not making the payments?
Yes..... I did
Can a cosigner come and take your vehicle for personal reason?
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
Does a cosigner have the right to take possession of the car when the primary borrower has made all the payments and has not defaulted on the loan?
No, a cosigner has no legal rights to a vehicle unless his or her name appears on the vehicle title.
Can a cosigner take away your car even though payments are not delinquent?
No. Unless the cosigner is also a title holder they have no legal rights to the vehicle.
Who has to have insurance on the car the cosigner or the buyer?
You insure a vehicle. The buyer. The only thing the cosigner is responsible for is paying the bank back the money it loaned if the buyer doesn't. The principal driver of the vehicle who should also be the buyer.
If you are a cosigner in someone's loan for a line of credit and he is at default what can the cosigner do to take his name back?
Nothing. The only option for being remove as a cosigner is to have the original loan refinanced without the cosigner participating.
Can a cosigner take the vehicle even if no payments are late?
NO! He is only guaranteeing the loan. He has no legal right to take the car.
If there is a cosigner can they take the vehicle if the loan is in good standing in North Carolina?
No, a co-signer has no legal right to a vehicle unless they are on the title.
As a cosigner can you have a vehicle repossessed without affecting the cosigner credit rating?
Nope.
Can a cosigner coowner repossess a vehicle if the primary has not defaulted payment on the loan?
A cosigner or coowner cannot repossess a vehicle. That is something the leinholder does.
What is the process for purchasing a vehicle with the assistance of a cosigner?
When purchasing a vehicle with a cosigner, the process involves the cosigner agreeing to take on responsibility for the loan if the primary borrower is unable to make payments. Both the primary borrower and the cosigner will need to provide financial information and undergo a credit check. If approved, the loan will be in both names, and both parties will be legally responsible for repayment.
