Only if there is some stipulation in the contract that after a certain amount of the loan has been paid, the cosigner can be relieved of their loan obligation.
That will be strictly up to the LENDER and their credit guidelines.
No. The loan must be paid off to release the co-signer from their obligation.
The payment has been recorded but has not been taken out of the account yet.
No, a cosigner or co-borrower can only be removed from the obligation of the debt by refinancing.
No, once a Zelle payment is sent, it cannot be reversed or taken back.
No, once a Zelle payment is sent, it cannot be taken back or reversed.
To sue a cosigner, you should first review the loan agreement to understand the terms and obligations of the cosigner. Next, attempt to resolve the issue amicably through communication or mediation. If that fails, gather all relevant documentation, such as the loan agreement and any payment records, and consult with an attorney to assess the viability of your case. Finally, file a lawsuit in the appropriate court, ensuring you follow all legal procedures and deadlines.
If you go to the registration office with the primary and have them give consent to the cosigner
Yes, child support payments can be taken from almost every source of income, including social security checks.
Steps that can be taken to avoid the legal process of distraint is to pay the rent every month without elapsing on payment. When several payments are missed, the landlord can seize property to sell for payment of the missed rent.
My 18 year old daughter bought a programs 2010 vehicle from a AR dealer with me as a cosigner. First payment due on 7-29-11 and she has the money for that payment however she just submitted her college schedule to her job wherein they told her they would see what they could do but no promisses. I have been taken off work due to health issues so this vehicle payment may get rough for anyone. Is there any clause in a law that states she can return the vehicle now?
No. The loan must be paid off to release the co-signer from their obligation.
The payment has been recorded but has not been taken out of the account yet.
Can a vehicle be taken by the police for delinquent payments.
IF the primary has the credit score to satisfy the LENDER, YES. The co-signor will be notified they are no longer on the loan, which will likely make them VERY HAPPY.
No, a cosigner or co-borrower can only be removed from the obligation of the debt by refinancing.
Yes. The co-signer should be able to inspect the premises she/he has taken financial responsibility for.
No, once a Zelle payment is sent, it cannot be reversed or taken back.