no such thing! sorry! by cosigning a loan you are gaurenteeing payment therefore you are responsible for the loan if the original signer defaults every late payment and every on-time payment effects both parties either positively or negatively
yes
Cosigning on a car loan means agreeing to be responsible for the loan if the primary borrower fails to make payments. As a cosigner, you are equally liable for the loan, and your credit score could be affected if payments are missed. It's important to understand the risks and responsibilities before agreeing to cosign on a loan.
Being a cosigner can increase your debt-to-income ratio because the debt you cosign for is considered your responsibility, even if you are not the primary borrower. This can impact your ability to qualify for loans or credit in the future.
There is a big difference between being responsible for something and being legally liable for it. Certainly, in your question, you would not be responsible. Whether you have legal liability depends on whether the account in question is a joint, or co-signed account. If it is, you are liable for the debt until it is paid in full. You need to find out the exact status of this debt. The creditor may be able to tell you. Your liability will be determined by the original contract that was signed when the account was opened and has no bearing on your marital status.
Sure. It may have to be disclosed in some of the closing or mortgage documents, but it is fairly common. Frequently done in various financing arrangements where owner financing is being done. There are certainly many possible hazards in any advanced or complex financing - especially when your selling the property and remaining liable for the loan that the buyer is getting, all linked to the house you won't be owning. Yes, you'll get the money from the loan, but, if he doesn't make payments, you could NOT own or occupy the property (or even have a lot of recourse), but be responsible for paying for it.
yes
To be liable for something means to be legally responsible or accountable for it. This could involve being responsible for a debt, an injury caused by negligence, or any other legal obligation. Being liable can lead to legal consequences if the responsibility is not met.
No, in most cases, you cannot legally represent someone in court without being a lawyer.
Cosigning on a car loan means agreeing to be responsible for the loan if the primary borrower fails to make payments. As a cosigner, you are equally liable for the loan, and your credit score could be affected if payments are missed. It's important to understand the risks and responsibilities before agreeing to cosign on a loan.
The only way is for you to become a guarantor. You are still resposible if they default. I am assuming that you want to help. But, if you are not willing to go that far out on the limb, why would the loan company?
no idia
copyrighted
as a server or seller of alcohol, being civilly liable means?
One that serves a function without being officially or legally established.
You would becommitting perjury.
No.
Ireland. And I believe you have to be a citizen.