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What can a 70-year-old cosigner on a car loan be held responsible for if the loan is found in default?
The cosigner has the same legal obligations to repay the debt as does the primary borrower. If the primary borrower defaults, the lender can begin proceedings to collect the full amount owed plus applicable fees from the cosigner. A cosigner can be sued just as can the primary borrower. And if the primary borrower claims bankrutpcy, the cosigner will still get "stuck" with the debt. The credit report of the cosigner will be equally affected, either in a positive or negative way, depending upon the circumstances.
What else can I help you with?
I just bought a new car but two days later the dealership called and said i need a cosigner I found one and they have very good credit should my APR and monthly payment go down with a cosigner?
No because you applied for the loan with YOUR credit. For whatever reason (you have the right to find out why) the dealership decided you were too big of a risk to be granted the loan you requested. The purpose of the cosigner is that in case you mess up your cosigner will be responsible for the loan.
Can you list all the default groups in windows server 2008?
What are the default groups that can be found in Server 2008
How can I hire a cosigner for an auto loan?
To hire a cosigner for an auto loan, you need to find someone with good credit and income who is willing to guarantee the loan if you are unable to make payments. Approach potential cosigners and discuss the terms of the loan with them. Once you have found a willing cosigner, apply for the loan together with their information included.
Where are the details for a complex Linux configuration found?
Default
What is the process for finding an online cosigner for a loan application?
To find an online cosigner for a loan application, you typically need to search for reputable online platforms that connect borrowers with potential cosigners. These platforms usually require both the borrower and the cosigner to create accounts, provide necessary information and documentation, and undergo a credit check. Once a suitable cosigner is found, they will need to agree to cosign the loan and provide their personal and financial details.
Where can default layouts for Facebook be found?
Default layouts for Facebook can be found on a site called TotallyLayouts. There are many other sites as well. These include, but are not limited to, LayoutFever, Coolchaser, and Free Code Source.
Where can someone find information about default deny?
Information about Default Deny can be found on security websites such as binarysec and securosis. Default Deny is when everything that has not been explicitly permitted (on a white list) is forbidden.
Where can the internet explorer default search engine be found?
You can do a search for the Internet Explorer webpage. You will then be able to follow the steps to load it as the default on your computer.
Is there a default wi fi code?
Every wifi router has a unique default password. This password is often (not always) found on a sticker on the router.
What is default maximum number of table entries found when you click a search help button?
500
What is the default maximum number of table entries found when you click a Search Help button?
500
What are case label?
the case label that contains the matching value. If there is no matching value but there is a default label in the switch body, control passes to the default labelled statement. If no matching value is found, and there is no default label anywhere in the switch body, no part of the switch body is processed
