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What else can I help you with?
What happens if you cosign a loan and the other person dies?
If you cosign a loan and the other person dies, you may become responsible for repaying the loan in full. It is important to carefully consider the risks before agreeing to cosign a loan.
Can my wife cosign a car loan for me?
Yes, your wife can cosign a car loan for you. This means she is agreeing to be responsible for the loan if you are unable to make payments.
Can a minor cosign on a loan?
absolutely not. Minors are not able to cosign any loans, only an adult (eighteen years or older) is aloud to cosign a loan. the law states that any minor is not responcible for the repayment of any loan.
What type of collateral is typically required for a student loan?
For a student loan, the typical collateral required is usually not needed, as most student loans are unsecured, meaning they do not require assets like a house or car to secure the loan.
Can you cosign a loan if you live out-of-province?
Ca
What happens if you cosign a loan and the other person dies?
If you cosign a loan and the other person dies, you may become responsible for repaying the loan in full. It is important to carefully consider the risks before agreeing to cosign a loan.
Can my wife cosign a car loan for me?
Yes, your wife can cosign a car loan for you. This means she is agreeing to be responsible for the loan if you are unable to make payments.
Can an employer co-sign for a student loan?
Yes, an employer can cosign for a student loan. Any one can cosign for a student loan if they meet the requirements.
Can a minor cosign on a loan?
absolutely not. Minors are not able to cosign any loans, only an adult (eighteen years or older) is aloud to cosign a loan. the law states that any minor is not responcible for the repayment of any loan.
What type of collateral is typically required for a student loan?
For a student loan, the typical collateral required is usually not needed, as most student loans are unsecured, meaning they do not require assets like a house or car to secure the loan.
Can you cosign a loan if you live out-of-province?
Ca
Can a minor cosign a loan with someone other than his or her legal guardian?
If you are a minor, you cannot LEGALLY cosign or sign any loan/contractual agreement.
Can my girlfriend cosign for me on a loan or financial agreement?
Yes, your girlfriend can cosign for you on a loan or financial agreement, which means she is agreeing to be responsible for the debt if you are unable to pay.
Why is collateral needed for loans and what types of loans require it?
Collateral is needed for loans to provide security for the lender in case the borrower is unable to repay the loan. Types of loans that typically require collateral include mortgages, auto loans, and business loans.
Can I take out a loan using my taxes as collateral?
No, you cannot take out a loan using your taxes as collateral. Taxes are not considered a tangible asset that can be used as collateral for a loan.
If you cosign a student loan will you still be eligible for a student loan for yourself?
YES
If I cosign a car, will the car be in my name?
No, if you cosign a car loan, the car will not be in your name. You are simply agreeing to be responsible for the loan if the primary borrower fails to make payments.
