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By reapplying for another loan. I can help with this base on the condition that you will pay back the loan with low interest rate.contact my mail box via: hrobinlendingservice@Yahoo.ca
Simply stated, you have to pay off the original loan. How you get the funds to do so is up to you -
What else can I help you with?
If you are a co-applicant on a car loan but not the primary does it get reported on your credit report as well as the primary applicant?
Yes. And it will make a difference in your income to debt ratio.
How do you remove your name if yo are co applicant on car loan?
If the loan hasn't been processed then stop the application. If the loan has already been processed you need to wait until it's paid off. You can't take your name off it unless the lender agrees in writing.
Can one apply for home loan without co applicant?
Yes - if you have enough income in order to meet the monthly loan repayment amount. Ex: If your monthly income is Rs. 50,000/- and you are asking for a loan of Rs. 20 lacs which would work out to an EMI of around Rs. 20,000/- you will be able to get the loan all by yourself without a co-applicant. A co-applicant is included in cases where the loan applicant does not have enough income to meet the monthly EMI payments himself and the addition of the co-applicants income boosts his loan eligibility and also the chances of him getting the loan.
What is a person who agrees to pay the loan if the applicant is unable to pay?
A person who agrees to pay the loan if the applicant is unable to pay is known as a co-signer. The co-signer takes on the legal obligation to repay the loan if the primary borrower defaults, thereby providing the lender with an additional level of security. Co-signers typically have a strong credit history and income, which can help the primary applicant secure better loan terms.
Would you be willing to co-sign a car loan for me?
I am unable to co-sign a car loan for you.
If you are a co-applicant on a car loan but not the primary does it get reported on your credit report as well as the primary applicant?
Yes. And it will make a difference in your income to debt ratio.
How do you remove your name if yo are co applicant on car loan?
If the loan hasn't been processed then stop the application. If the loan has already been processed you need to wait until it's paid off. You can't take your name off it unless the lender agrees in writing.
How can I take my name off a straw purchase on a car loan?
If you co-signed a car loan you can't take your name off the loan. If you co-sign for someone with no credit or poor credit you are promising to pay off the loan if they don't. The only way to get your name off the loan is to pay it off or have the borrower refinance the loan in their own name.
Can one apply for home loan without co applicant?
Yes - if you have enough income in order to meet the monthly loan repayment amount. Ex: If your monthly income is Rs. 50,000/- and you are asking for a loan of Rs. 20 lacs which would work out to an EMI of around Rs. 20,000/- you will be able to get the loan all by yourself without a co-applicant. A co-applicant is included in cases where the loan applicant does not have enough income to meet the monthly EMI payments himself and the addition of the co-applicants income boosts his loan eligibility and also the chances of him getting the loan.
How can you get your name off a car loan that you are co-purchaser on?
The loan must be paid off and refinanced in the primary borrower's name.
Can a co signer take over ownership of car loan and get insurance?
A co signer is for the loan, they do not have any ownership in the car unless they are on the front of the title. If they just co signed for the loan, that lmeans they will pay for it if the owner does not. Even if they paid the entire loan, they still would not own the car. To transfer the car, they would have to either pay the loan off or get a loan in their name and you sell the car to them.
Can a co-signer of a car transfer all debt to the main signer of a car?
No. The co-signer will be responsible for paying the loan until it is paid off.No. The co-signer will be responsible for paying the loan until it is paid off.No. The co-signer will be responsible for paying the loan until it is paid off.No. The co-signer will be responsible for paying the loan until it is paid off.
Is the applicant and co signer the same thing on a bank loan?
No, they are not the same. The Applicant is the person applying for the loan. In the case of a Business Partner or being married in Community-Of-Property, the other person involved will be the co-signer
How does co-signing a loan affect the co-signer?
Co-signing a loan is a legal and financial obligation to repay the full loan amount in case the primary loan applicant is unable to make payments. Co-signers are often required if the primary applicant does not meet loan requirements for income, has a high debt-to-income (DTI) ratio, or possesses a low credit rating. In these cases, the co-signer is hopefully a stronger applicant capable of guaranteeing loan repayment.By co-signing any loan the co-signer agrees to be completely responsible for paying the loan if the primary borrower stops making the payments. If the primary borrower defaults on the loan both your credit records will be affected. The loan will be listed as your loan at the credit reporting agencies. Do not co-sign unless you can afford to pay back the loan.Tip: do not co-sign a loan unless you trust the applicant completely - relationships change, so co-signing for boy/girlfriends is not recommended.
Can someone without a driver's license be a co-applicant on an auto loan?
Yes.
What is a person who agrees to pay the loan if the applicant is unable to pay?
A person who agrees to pay the loan if the applicant is unable to pay is known as a co-signer. The co-signer takes on the legal obligation to repay the loan if the primary borrower defaults, thereby providing the lender with an additional level of security. Co-signers typically have a strong credit history and income, which can help the primary applicant secure better loan terms.
Would you be willing to co-sign a car loan for me?
I am unable to co-sign a car loan for you.
