NO...NO...AND...NO.Dont let this person scare you there blowing hot air keep your payments current and dont worry about it and if this person touches your car in the wrong way call the law.
If you are late on your loan payment and are a cosigner on your daughters car can they repposses the car?
You can find a cosigner for a car loan by asking family members, friends, or someone with a good credit history to sign the loan with you. The cosigner agrees to pay the loan if you cannot, which can help you qualify for a loan with better terms.
Having a cosigner for a car loan is not always required, but it can help if you have a limited credit history or poor credit. A cosigner is someone who agrees to be responsible for the loan if you are unable to make payments.
To remove a cosigner from a car title in California, you typically need to refinance the car loan in your name only. This process involves applying for a new loan without the cosigner's involvement and using it to pay off the existing loan. Once the new loan is approved and the old loan is paid off, the cosigner can be removed from the title.
To get a car loan with a cosigner, you will need to find a lender who accepts cosigners. Your cosigner will need to have good credit and be willing to take on the responsibility of the loan if you are unable to make payments. Be prepared to provide financial information and documentation for both yourself and your cosigner when applying for the loan.
yes
Yes. If you signed the loan, you are still legally responsible for it.
When you cosign for anyone you are taking 100% responsibility for the payments on that car. If the person that gets the car doesn't keep their payments up it will be repossessed by the bank with an option for the cosigner to take over payments or sell the car and pay back the loan. Marcy
if you take it to your personal bank and ask them how much you need to have paid already they can indeed refinace you and remove the cosigner
If you are late on your loan payment and are a cosigner on your daughters car can they repposses the car?
No, the cosigner signs on to the loan. Usually, the primary signer owns the car and drives it. The cosigner is there in case the loan goes into default and needs to be paid for. After they sign on the car does not belong to them, but the person who took out the loan.
You can find a cosigner for a car loan by asking family members, friends, or someone with a good credit history to sign the loan with you. The cosigner agrees to pay the loan if you cannot, which can help you qualify for a loan with better terms.
Having a cosigner for a car loan is not always required, but it can help if you have a limited credit history or poor credit. A cosigner is someone who agrees to be responsible for the loan if you are unable to make payments.
In the State of Texas, the answer would be "YES" as both parties signed for the car loan and both are responsible for the balance due. I was the primary signor but the cosigner had the car and was making the payments. Then she stopped making payments after owning the car for 3 years and the car was repossessed.
To remove a cosigner from a car title in California, you typically need to refinance the car loan in your name only. This process involves applying for a new loan without the cosigner's involvement and using it to pay off the existing loan. Once the new loan is approved and the old loan is paid off, the cosigner can be removed from the title.
You will also be liable for any deficiency balance
To get a car loan with a cosigner, you will need to find a lender who accepts cosigners. Your cosigner will need to have good credit and be willing to take on the responsibility of the loan if you are unable to make payments. Be prepared to provide financial information and documentation for both yourself and your cosigner when applying for the loan.