Co-signing

No.

The only way is to pay off the debt. That was the lender's purpose for having you co-sign.

Yes. You can file a suit in civil court.

If you're not on the title then you only agreed to pay the loan if the person buying it doesn't. This doesn't give you any right to the car.

However, you can sue the primary borrower in civil court if they defaulted on the loan and you made the payments. The judge may order the primary to sign the title over to you.

You cant...You must be of legal age to sign any legal document. A lease is a legal document.

Only the landlord can take a name off a lease. Until then the signing parties are bound by the contract.

Currently no one under 25 can lease a car anywhere in the united states.

yes the interest rate may be lower if the credit score is very good.

Whenever the lending institution wants one. Basically, if the primary applicant has no credit history, or a poor credit history, lenders may require that someone with a longer/better credit history cosign.

No. The co-signer would need to take all that evidence and sue in court to get title to the car transferred unless the owner is willing to sing over the title.

yes, as long as your credit is good enough for the respective loans.

You remain as a co-guarantor until the loan has been repaid or refinanced in the name of the primary borrower.

bank takes back

Only the lender can remove your name from a loan. This matter must be addressed in the separation agreement. The person who is keeping the car must refinance it in their sole name and pay off the prior loan.

The only way to distance you from your co-borrower is to make all the payments on time or pay off the loan.

Yes. Banks require a co-signer to guarantee the loan will be paid. A co-signer is in the bank's interest. If the primary borrower doesn't pay the co-signer will be held responsible since they have guaranteed the loan repayment.

Only the lender can take a party off a loan. Generally, a loan must be paid off and refinanced to convert it to one person's name. If both parties are on the certificate of title, one party must voluntarily give up their title to the car by signing the title over to the other party.

conservation

If the co-signer dies the surviving borrower is responsible for paying the loan.

• Information.
• Good enough credit to qualify for the loan since the borrower's credit isn't good enough.
• A stable enough economic position that would allow them to pay off the primary borrower's loan if it becomes necessary.
• A solid understanding that you are FULLY responsible for paying the loan if the primary borrower doesn't pay.

If there are two names on the title it cannot be seized for the debts of one owner. You should consult with an attorney.

The question is a liitle vague. Can your credit be too bad that even having a co-signer won't help? Not necessarily, as long as the co-signer has excellent credit. The co-signer's credit history overrides the applicant's. Can your credit be too bad that you cannot act as a co-signer? Absolutely.

If you co-signed a car loan you can't take your name off the loan. If you co-sign for someone with no credit or poor credit you are promising to pay off the loan if they don't. The only way to get your name off the loan is to pay it off or have the borrower refinance the loan in their own name.

The lender can go after the co-signer. If you are the co-signer you should consult with an attorney who can review the situation and explain your position.