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Can a cosigner be arrested?
A cosigner cannot be arrested solely for being a cosigner on a loan. However, if the primary borrower defaults on the loan, the cosigner may be held responsible for the debt and face legal action if they do not fulfill their obligations.
Is the cosigner of a vehicle liable if the it gets repossessed?
Yes, the cosigner is typically liable for the vehicle if the primary borrower defaults and the vehicle is repossessed. The cosigner is equally responsible for the loan and may be pursued for any outstanding debts, fees, or deficiencies resulting from the repossession. It's important for cosigners to understand their obligations before agreeing to cosign a loan.
How do you the cosigner sue primary borrower?
The cosigner contacts an attorney who will process the paper work for him. Or, the cosigner can file the suit (foolishly) pro se (on your own). Or, the cosigner can file the suit in small claims court. What is important is that the cosigner can show significant and real damages before filing, or hope he is not filing in a state that will bring criminal charges for filing a frivolous law suit.
Can a cosigner on a student loan can I take signer to court?
Yes, a cosigner on a student loan can take the primary signer to court if they fail to make payments on the loan. As a cosigner, you are equally responsible for the loan and have the legal right to seek repayment through legal action if necessary. It's important to consult with a legal professional for guidance on the specific circumstances of your situation.
How can you get out of your apartment lease after signing on before your lease is up in April 30 2009?
You could look for someone to sublease your apartment or ask if the landlord would be willing to let you break the lease early with a penalty fee. Another option could be to negotiate with your landlord to find a mutually agreeable solution.
Can someone be a cosigner for an apartment if they live in another state?
Whether or not an apartment complex would allow someone from another state to become a cosigner would be up to them to decide. They have the right to set their own rules in regards to who would be allowed to cosign.
Can you be 17 to rent an apartment with a cosigner?
With a cosigner, ur chances are good, if that's the only 'negative'
What responsibility does a cosigner on an apartment lease have?
a cosigner is a person who is responsible for the rest of the rent that you don't pay if u get evicted the person who signed as a cosigner will have to go to court
Can the cosigner of an apartment live in the residence if he is ok with the person living in the apartment?
Yes it's fine to do so. The cosigner is simply a lender of money because the person they loaned the money too can't get a loan from the bank or get credit of any sort.
Accepted for apartment based on having a cosigner Now cosigner will not sign lease Can you get your deposit back?
Hell yeah the only thing non refundable is application fee & administration fee.
What are the obligations of a cosigner on an apartment lease?
A co-signer shares financial responsibility for the rental. Unpaid rent, damage to the apartment after moving and so on will fall on your shoulders if the renter does not do as he/she should.
If a new lease is signed on an apartment after a year is the original cosigner responsible for the new lease?
Not unless he or she signed the new lease.
If you have a cosigner on your apartment lease will your credit be affected as much as it would if you did not have a cosigner?
Renting an apartment or home will not show up on your credit. That just builds up rental history for yourself. The only time a renter will ever report you to a credit agency is if you move out with a balance that was not paid within 14 to 30 days of your move out.
Can a cosigner of an apartment sue the people he cosigned for after they were evicted and left him to pay unpaid rent and other fees?
Yes, a cosigner of an apartment can potentially sue the individuals they cosigned for if they were evicted and left with unpaid rent and fees. However, the success of the lawsuit would depend on the terms of the cosigner agreement, state laws, and individual circumstances. It is recommended to consult with a lawyer to understand the specific legal options and remedies available.
I filed for bankruptcy in 2001now I need a cosigner for my new apartment will the cosigner know about the bankruptcycan the bankruptcy creditors link the cosigner to me damage their credit?
I am in the same boat due to illness and I am looking for a co-signer so I can rent an apt. The bankruptcy has been discharged per the court, and it is hard to rent an apartment sometimes with a co-singer. Everyone has different rules. I believe if you filed a bankruptcy, then had a co-signer, it would have no effect on them, only what you do after they co-sign
If your cosigner's credit is good but yours is not so good will you be denied an apartment?
The company extending the credit is the judge of that. they have guidelines to determine who that extend credit to.
Does a cosigner for a contract on an apartment share in the liability and if so can one cover the cosigner's liability with tenants insurance?
Yes the co signer is responsible for the entire terms and requirement on the lease just like the primary renter is. NO renters insurance cover the contents of the apartment and in case you cause a flood to the unit below and items of that nature. There is no insurance for the co signer
