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No, you signed, you are equally responsible for the payments, you are also equally responsible for what happens with regard to default. This is why the lender permitted you to sign as a co-securer of the original loan.

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15y ago

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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.


Do I have to pay for a cosigner when applying for a loan?

No, you do not have to pay for a cosigner when applying for a loan. A cosigner is someone who agrees to be responsible for the loan if you are unable to make payments, but they do not typically have to pay any fees to be a cosigner.


What does it mean to have a guarantor on an auto loan?

A cosigner- someone who agreesto pay the loan if you default


If someone cosigned a lease to your apartment can they take their name off the lease even if you have been paying the payments?

No. Once a cosigner has signed the contract the only way they can be removed from the responsibility is a new agreement being made without the assistance of the original cosigner.


Is it possible to buy a cosigner for a car?

No, it is not possible to buy a cosigner for a car. A cosigner is someone who agrees to be responsible for the loan if the primary borrower fails to make payments. They cannot be purchased or hired.


Can I get quick loans with a cosigner?

Yes, you may be able to get quick loans with a cosigner. A cosigner is someone who agrees to be responsible for the loan if you are unable to make payments. Having a cosigner can help you qualify for a loan and potentially get better terms.


How can someone apply for CareCredit with a cosigner?

To apply for CareCredit with a cosigner, the primary applicant can fill out the application online or in person and provide the cosigner's information. The cosigner will need to agree to be financially responsible if the primary applicant is unable to make payments.


How much does it cost to hire a cosigner?

It typically does not cost anything to hire a cosigner. A cosigner is someone who agrees to be responsible for a loan if the borrower is unable to make payments. The cosigner's role is to provide additional assurance to the lender that the loan will be repaid.


Can you get a cosigner for a home equity loan?

Yes, you can have a cosigner for a home equity loan. A cosigner is someone who agrees to be responsible for the loan if the primary borrower fails to make payments. Having a cosigner can help you qualify for a loan or get a lower interest rate.


Do you have to have a cosigner in order to get a car loan?

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.


Can I apply for an online loan with a cosigner?

Yes, you can apply for an online loan with a cosigner. A cosigner is someone who agrees to be responsible for the loan if you are unable to make payments. Having a cosigner can increase your chances of approval and may help you secure a lower interest rate.


Can I apply for installment loans with a cosigner?

Yes, you can apply for installment loans with a cosigner. A cosigner is someone who agrees to be responsible for the loan if you are unable to make payments. Having a cosigner can increase your chances of approval and may help you secure a lower interest rate.