0
What else can I help you with?
If your a cosigner and want to remove your name before the loan is paid off will this affect your credit in any way?
A cosigner cannot simply remove their name from the contract. The cosigner is obligated equally with the primary borrower until the loan is paid. A cosigner's credit history will be affected, hopefully in a positive way.
Can you the cosigner take your name off the loan after the other party has paid it for one year?
Typically, a cosigner cannot remove their name from a loan simply because the other party has made payments for a year. The ability to remove a cosigner depends on the lender's policies and the terms of the loan agreement. The primary borrower may need to refinance the loan or request a release from the lender, which can involve a credit assessment and meeting specific criteria. It's best to consult with the lender for the exact process and requirements.
How can one remove a cosigner from an equity loan if the cosigner is not on the first mortgage title?
The title has nothing to do with the loan. The loan will need to be refinanced using a different cosigner or only the primary borrowers.
How do you remove a cosigner from a credit card?
The way that can be accomplished is determined by the terms of the lending agreement. Very few, if any lending institutions would allow an account to be amended. The usual procedure is for the account to be closed leaving the original cosigner still responsible to the debt incurred up to the time of closure. The primary holder can then open another account on there own or with another cosigner.
If the cosigner is refusing to refinance or pay the auto loan off how could the primary person on the auto loan remove his or her name?
They would need to have the vehicle refinanced in their name only or obtain another cosigner for the refinancing.
Will refinancing a car loan under the primary borrower's name remove the cosigner from the loan obligation?
Yes.
If your a cosigner and want to remove your name before the loan is paid off will this affect your credit in any way?
A cosigner cannot simply remove their name from the contract. The cosigner is obligated equally with the primary borrower until the loan is paid. A cosigner's credit history will be affected, hopefully in a positive way.
How do you remove yourself from responsibility of a loan if you are the co-signer?
You are on the hook if the primary borrower defaults. You cannot unilaterally abnegate your responsibility. You can, however, try to convince the primary lender to refinance the existing loan -- without you as cosigner, this time!
How do you remove someone as a co-borrower on a mortgage?
Refinance the lending agreement without the person's being a participant.
How can one remove a cosigner from an equity loan if the cosigner is not on the first mortgage title?
The title has nothing to do with the loan. The loan will need to be refinanced using a different cosigner or only the primary borrowers.
Can you be dismissed as cosigner if disabled?
It is unlikely the lender would remove you from the loan documents. You signed a contract agreeing to pay the loan if the primary borrower defaults. The bank would not have loaned the money if you didn't sign as guarantor.It is unlikely the lender would remove you from the loan documents. You signed a contract agreeing to pay the loan if the primary borrower defaults. The bank would not have loaned the money if you didn't sign as guarantor.It is unlikely the lender would remove you from the loan documents. You signed a contract agreeing to pay the loan if the primary borrower defaults. The bank would not have loaned the money if you didn't sign as guarantor.It is unlikely the lender would remove you from the loan documents. You signed a contract agreeing to pay the loan if the primary borrower defaults. The bank would not have loaned the money if you didn't sign as guarantor.
How do you remove a cosigner from a credit card?
The way that can be accomplished is determined by the terms of the lending agreement. Very few, if any lending institutions would allow an account to be amended. The usual procedure is for the account to be closed leaving the original cosigner still responsible to the debt incurred up to the time of closure. The primary holder can then open another account on there own or with another cosigner.
Can you remove a co-signer without the co-signer's knowledge?
A cosigner can only be removed from a loan through refinancing of the original agreement.
If the cosigner is refusing to refinance or pay the auto loan off how could the primary person on the auto loan remove his or her name?
They would need to have the vehicle refinanced in their name only or obtain another cosigner for the refinancing.
How do you remove co-sign on mortgage?
By paying off that mortgage. If necessary the primary borrower would need to qualify to refinance in their own name alone.By paying off that mortgage. If necessary the primary borrower would need to qualify to refinance in their own name alone.By paying off that mortgage. If necessary the primary borrower would need to qualify to refinance in their own name alone.By paying off that mortgage. If necessary the primary borrower would need to qualify to refinance in their own name alone.
How do you get out of co signing on a property?
The only way to remove yourself from the obligations of co-signing a loan is to pay off the loan and refinance it in the primary borrowers name. Until that happens you are fully responsible for paying the loan if the primary borrower fails to pay.The only way to remove yourself from the obligations of co-signing a loan is to pay off the loan and refinance it in the primary borrowers name. Until that happens you are fully responsible for paying the loan if the primary borrower fails to pay.The only way to remove yourself from the obligations of co-signing a loan is to pay off the loan and refinance it in the primary borrowers name. Until that happens you are fully responsible for paying the loan if the primary borrower fails to pay.The only way to remove yourself from the obligations of co-signing a loan is to pay off the loan and refinance it in the primary borrowers name. Until that happens you are fully responsible for paying the loan if the primary borrower fails to pay.
Can the cosigner remove her name from a loan if the the account was taken to court and judgment was only made against the primary account holder and not the cosigner?
Generally, the co-signerdoes not have any authority or means to remove their name from a loan. That would involve altering the loan documents and the lender's records. The loan is owned by the lender.
