Very possibly. Talk to a lawyer if you have concerns and buy a personal liability policy giving you a million dollars or more of liability coverage to protect your assets.
Your cosigner is listed on your title because they are legally responsible for the loan if you are unable to make payments. This provides the lender with added security and ensures that the loan will be repaid.
Your cosigner is listed on your car title because they are legally responsible for the loan if you are unable to make payments. This provides the lender with added security and ensures that the loan will be repaid.
Not unless they are still listed on the insurance policy. Under the new laws in the US, they can be on the policy until they turn 26.
Your co-signer is listed on your title because they are legally responsible for the loan used to purchase the vehicle. This means they have a financial interest in the car and are liable for any missed payments or damages.
Minors are not legally able to "own" things, especially motor vehicles. They can be listed as a co-owner along with a responsible adult or guardian though.
You are still responsible for her and her decisions Legally the owner of the vehicle is going to be held liable.
It's the states responsibility if it is not listed in the constitution.
no it is not legal.
No, being listed on a car title means you have ownership rights to the vehicle, which typically makes you responsible for the loan associated with it.
Are you listed on the credit card account as a joint owner? If so, you are legally liable for it. If you are not listed on the account, you are not legally liable for it. Some sneaky collection agencies will try to make pay by telling you that you must pay, so beware. You can learn more about your rights in debt collection by reading up on the FDCPA.
ANYONE who's name is on the loan contract is responsible for the debt. Who will sell someone a car and that someone NOT be responsible for paying?? NOT ME LOL
If you were not listed as a joint account holder you are not responsible for the debt.