0
Co-signing
Promising to pay someone else's debt if that person does not make good on their obligations. Auto loans and mortgages often require a co-signer.
2,166 Questions
Can a creditor garnish both the borrower and the co borrower?
Yes. Both are equally responsible for paying off the debt.
It depends on how the business and the loan are titled. If the business is a partnership, the business may be responsible for paying the loan. If the borrowers signed as individuals the surviving signer may be able to make a claim against the estate. You should consult with an attorney who can review the loan and any business documents and explain your responsibilities and options.
No. The loan is owned by the lender. The co-signer never has any authority to remove their name from the loan. They need to discuss that matter with the lender.
No. The loan is owned by the lender. The co-signer never has any authority to remove their name from the loan. They need to discuss that matter with the lender.
No. The loan is owned by the lender. The co-signer never has any authority to remove their name from the loan. They need to discuss that matter with the lender.
No. The loan is owned by the lender. The co-signer never has any authority to remove their name from the loan. They need to discuss that matter with the lender.
How can co-signer transfer title to cosignee?
That depends on the type of property covered by the loan. A co-signer cannot transfer the obligation to pay the loan to the primary borrower. The co-signer has a contract with the lender that they will pay off the loan if the primary borrower fails to pay.
If the property is a car the co-owner can sign over the certificate of title and the grantee can request a new certificate of title in their sole name.
How long does the co-signer have to stay on an auto lease?
The co-signer is responsible until the lease expires or until a new lease is executed.
Can a person who has filed for bankruptcy be a co signer on a lease?
That would be unlikely since a co-signer guarantees the loan will be repaid if the primary borrower defaults. A bankruptcy would indicate the proposed co-signer has no money, owes a large debt and cannot pay their own way.
That would be unlikely since a co-signer guarantees the loan will be repaid if the primary borrower defaults. A bankruptcy would indicate the proposed co-signer has no money, owes a large debt and cannot pay their own way.
That would be unlikely since a co-signer guarantees the loan will be repaid if the primary borrower defaults. A bankruptcy would indicate the proposed co-signer has no money, owes a large debt and cannot pay their own way.
That would be unlikely since a co-signer guarantees the loan will be repaid if the primary borrower defaults. A bankruptcy would indicate the proposed co-signer has no money, owes a large debt and cannot pay their own way.
Can a co-owner refinance a property without telling the other co-owner?
No. A prudent lender will require that all owners sign the mortgage so that it can take the property by foreclosure if the borrower defaults. If only one signed the mortgage the lender can only take possession of a half interest in the property.
No. A prudent lender will require that all owners sign the mortgage so that it can take the property by foreclosure if the borrower defaults. If only one signed the mortgage the lender can only take possession of a half interest in the property.
No. A prudent lender will require that all owners sign the mortgage so that it can take the property by foreclosure if the borrower defaults. If only one signed the mortgage the lender can only take possession of a half interest in the property.
No. A prudent lender will require that all owners sign the mortgage so that it can take the property by foreclosure if the borrower defaults. If only one signed the mortgage the lender can only take possession of a half interest in the property.
How can you remove the cosigner from a mortgage?
You must pay off the mortgage and refinance the loan in a single name.
You must pay off the mortgage and refinance the loan in a single name.
You must pay off the mortgage and refinance the loan in a single name.
You must pay off the mortgage and refinance the loan in a single name.
What are the duties of a guarantor?
When a person does not have good enough credit to secure a loan or financing on their own, they need a guarantor. A guarantor is a co-signer, and that means if the person taking out the loan does not make the payments, then the guarantor has to make the payments.
The owner of the car is the person listed on the Certificate of Title.
The owner of the car is the person listed on the Certificate of Title.
The owner of the car is the person listed on the Certificate of Title.
The owner of the car is the person listed on the Certificate of Title.
Can a bank automatically take a payment out of a co signers acct if loan is late?
Yes, if that is what they agreed to when they co-signed the loan. Remember, when you co-sign a loan you are fully responsible for paying it if the primary borrower fails to pay. The co-signer should review all the documents they signed when the loan was granted.
Yes, if that is what they agreed to when they co-signed the loan. Remember, when you co-sign a loan you are fully responsible for paying it if the primary borrower fails to pay. The co-signer should review all the documents they signed when the loan was granted.
Yes, if that is what they agreed to when they co-signed the loan. Remember, when you co-sign a loan you are fully responsible for paying it if the primary borrower fails to pay. The co-signer should review all the documents they signed when the loan was granted.
Yes, if that is what they agreed to when they co-signed the loan. Remember, when you co-sign a loan you are fully responsible for paying it if the primary borrower fails to pay. The co-signer should review all the documents they signed when the loan was granted.
Can your father act as a witness in signing a lease contract if you are the owner of the apartment?
The object of having a witness is to have an objective party who can attest to the transaction if the contract should be challenged or breached. Having a close relative as your witness may make the contract vulnerable. You should consult with your attorney.
The object of having a witness is to have an objective party who can attest to the transaction if the contract should be challenged or breached. Having a close relative as your witness may make the contract vulnerable. You should consult with your attorney.
The object of having a witness is to have an objective party who can attest to the transaction if the contract should be challenged or breached. Having a close relative as your witness may make the contract vulnerable. You should consult with your attorney.
The object of having a witness is to have an objective party who can attest to the transaction if the contract should be challenged or breached. Having a close relative as your witness may make the contract vulnerable. You should consult with your attorney.
Who is held responsible for the loan on a repossessed vehicle?
The borrower. If there was a co-signer, that person is also fully responsible for paying the loan if the primary borrower defaults.
The borrower. If there was a co-signer, that person is also fully responsible for paying the loan if the primary borrower defaults.
The borrower. If there was a co-signer, that person is also fully responsible for paying the loan if the primary borrower defaults.
The borrower. If there was a co-signer, that person is also fully responsible for paying the loan if the primary borrower defaults.
Can a person be both a co signer and a co owner on an auto loan?
Yes. See related question link.
Yes. See related question link.
Yes. See related question link.
Yes. See related question link.
What banks loan one hundred thousand dollars?
Virtually any bank will loan $100,000 provided you offer a plausible reason for needing it,
such as a promising and realistic business case.
The bank may also require collateral worth some significant portion of the hundred grand.
It has been observed by more than one wag that a bank will only lend you money
if you can prove that you don't need it.
Co-hyponyms are terms that share the same hypernym or broader category but refer to different specific instances within that category. For example, "dog" and "cat" are co-hyponyms under the hypernym "animal." They are distinct entities that fall under the same classification, highlighting their relationship within a taxonomy. Co-hyponyms help illustrate the diversity within a broader category.
Can you sale the car without the loan cosigner's permission?
If they are not on the Certificate of Title you can sell the car. However, generally, the Title is held by the lender until the loan is paid off. You cannot sell a car without the Certificate of Title.
If they are not on the Certificate of Title you can sell the car. However, generally, the Title is held by the lender until the loan is paid off. You cannot sell a car without the Certificate of Title.
If they are not on the Certificate of Title you can sell the car. However, generally, the Title is held by the lender until the loan is paid off. You cannot sell a car without the Certificate of Title.
If they are not on the Certificate of Title you can sell the car. However, generally, the Title is held by the lender until the loan is paid off. You cannot sell a car without the Certificate of Title.
Both. And both will be fully responsible for paying the rent and any damages to the apartment. If the primary tenant fails to pay the co-signer will be held fully responsible for paying.
Both. And both will be fully responsible for paying the rent and any damages to the apartment. If the primary tenant fails to pay the co-signer will be held fully responsible for paying.
Both. And both will be fully responsible for paying the rent and any damages to the apartment. If the primary tenant fails to pay the co-signer will be held fully responsible for paying.
Both. And both will be fully responsible for paying the rent and any damages to the apartment. If the primary tenant fails to pay the co-signer will be held fully responsible for paying.
Is a wife liable for her husband's car loan if she does not sign the loan?
It depends on the laws in your jurisdiction. In the United States, both spouses are responsible for debts incurred by either spouse in a community property state. That isn't so in separate property states whereby a spouse is not responsible for a debt on a loan they didn't sign. There are also variations of those rules in different states. If you still have questions you should consult with an attorney in your jurisdiction.
It depends on the laws in your jurisdiction. In the United States, both spouses are responsible for debts incurred by either spouse in a community property state. That isn't so in separate property states whereby a spouse is not responsible for a debt on a loan they didn't sign. There are also variations of those rules in different states. If you still have questions you should consult with an attorney in your jurisdiction.
It depends on the laws in your jurisdiction. In the United States, both spouses are responsible for debts incurred by either spouse in a community property state. That isn't so in separate property states whereby a spouse is not responsible for a debt on a loan they didn't sign. There are also variations of those rules in different states. If you still have questions you should consult with an attorney in your jurisdiction.
It depends on the laws in your jurisdiction. In the United States, both spouses are responsible for debts incurred by either spouse in a community property state. That isn't so in separate property states whereby a spouse is not responsible for a debt on a loan they didn't sign. There are also variations of those rules in different states. If you still have questions you should consult with an attorney in your jurisdiction.
Is a wife liable for husbands car loan that she refused to sign?
It depends on whether you live in a community property state. Laws vary but generally, in community property states debts incurred by one spouse during the marriage are owned by both even if only one spouse signed. You need to check the laws in your state.
The community property states are Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin.
The wife would not be responsible in a separate property state.
It depends on whether you live in a community property state. Laws vary but generally, in community property states debts incurred by one spouse during the marriage are owned by both even if only one spouse signed. You need to check the laws in your state.
The community property states are Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin.
The wife would not be responsible in a separate property state.
It depends on whether you live in a community property state. Laws vary but generally, in community property states debts incurred by one spouse during the marriage are owned by both even if only one spouse signed. You need to check the laws in your state.
The community property states are Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin.
The wife would not be responsible in a separate property state.
It depends on whether you live in a community property state. Laws vary but generally, in community property states debts incurred by one spouse during the marriage are owned by both even if only one spouse signed. You need to check the laws in your state.
The community property states are Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin.
The wife would not be responsible in a separate property state.
