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 cosigner be removed from mortgage loan?
No. The loan must be paid off and you must refinance without the co-signer.
Is the cosigner responsible for tickets for the car?
Absolutely not, unless they were the driver. It is the driver's responsibility.
However, the co-signer may be realizing they are in a difficult position. The car may become impounded if the tickets are not paid. The impound fees will accumulate and the primary borrower is likely to abandon the car. Bang! Unless the co-signer pays all those expenses the loan will go into default and the co-signer's credit record will be ruined. Co-signing carries huge risks.
Does a co-signer on a home need to live in the house?
No, unless it is required by the lender. You need to review your mortgage documents.
No, unless it is required by the lender. You need to review your mortgage documents.
No, unless it is required by the lender. You need to review your mortgage documents.
No, unless it is required by the lender. You need to review your mortgage documents.
Can two borrowers on the same loan be referred to as co-borrowers?
Yes. That is exactly what they are.
Yes. That is exactly what they are.
Yes. That is exactly what they are.
Yes. That is exactly what they are.
Can you take co codamol with paroxatine?
Co-codamol, which contains paracetamol and codeine, can generally be taken with paroxetine, an antidepressant, but it is essential to consult a healthcare professional first. Combining the two medications may increase the risk of side effects, such as drowsiness or respiratory depression. Always follow your doctor’s advice and report any unusual symptoms.
Can a cosigner remove the primary from the loan?
No. Only the lender can make changes to the parties responsible for paying the loan. If the co-signer is paying the loan because the primary isn't paying, that's exactly what they signed on for by co-signing.
No. Only the lender can make changes to the parties responsible for paying the loan. If the co-signer is paying the loan because the primary isn't paying, that's exactly what they signed on for by co-signing.
No. Only the lender can make changes to the parties responsible for paying the loan. If the co-signer is paying the loan because the primary isn't paying, that's exactly what they signed on for by co-signing.
No. Only the lender can make changes to the parties responsible for paying the loan. If the co-signer is paying the loan because the primary isn't paying, that's exactly what they signed on for by co-signing.
Can you sue your primary for not paying the car loan as a co-signer?
You need to consult with an attorney in your jurisdiction who is familiar with state laws. You may be able to sue for any payments that you have made but you will be held responsible until the loan is paid off.
You need to consult with an attorney in your jurisdiction who is familiar with state laws. You may be able to sue for any payments that you have made but you will be held responsible until the loan is paid off.
You need to consult with an attorney in your jurisdiction who is familiar with state laws. You may be able to sue for any payments that you have made but you will be held responsible until the loan is paid off.
You need to consult with an attorney in your jurisdiction who is familiar with state laws. You may be able to sue for any payments that you have made but you will be held responsible until the loan is paid off.
Can a co-signer make a primary signer refinance?
No. A co-signer has no such authority over the primary borrower. The co-signer is on the hook until the loan is paid off.
No. A co-signer has no such authority over the primary borrower. The co-signer is on the hook until the loan is paid off.
No. A co-signer has no such authority over the primary borrower. The co-signer is on the hook until the loan is paid off.
No. A co-signer has no such authority over the primary borrower. The co-signer is on the hook until the loan is paid off.
What happens if a co-trustee dies?
You need to review the provisions of the particular trust to determine how or if new trustees can be appointed. Every trust is managed according to the provisions set forth in the document that created it.
You need to review the provisions of the particular trust to determine how or if new trustees can be appointed. Every trust is managed according to the provisions set forth in the document that created it.
You need to review the provisions of the particular trust to determine how or if new trustees can be appointed. Every trust is managed according to the provisions set forth in the document that created it.
You need to review the provisions of the particular trust to determine how or if new trustees can be appointed. Every trust is managed according to the provisions set forth in the document that created it.
Can you be on someone's insurance even if they don't co sign?
You can be on someone's insurance coverage only if they arrange to place you on it with their agent. You cannot put yourself on someone's insurance.
You can be on someone's insurance coverage only if they arrange to place you on it with their agent. You cannot put yourself on someone's insurance.
You can be on someone's insurance coverage only if they arrange to place you on it with their agent. You cannot put yourself on someone's insurance.
You can be on someone's insurance coverage only if they arrange to place you on it with their agent. You cannot put yourself on someone's insurance.
Is it possible to be a co-signer on a mobile home loan if you already own a home of your own?
It's up to the lender whether the co-signer can be approved. If the co-signer can afford to pay for the mobile home in addition to paying for their own home they will likely be approved. The co-signed loan will appear as an outstanding debt on the co-signer's credit record since the co-signer on any loan is fully responsible for paying the loan balance if the primary borrower stops paying. If you are willing to guarantee repayment of the loan and have enough income then you can co-sign.
It's up to the lender whether the co-signer can be approved. If the co-signer can afford to pay for the mobile home in addition to paying for their own home they will likely be approved. The co-signed loan will appear as an outstanding debt on the co-signer's credit record since the co-signer on any loan is fully responsible for paying the loan balance if the primary borrower stops paying. If you are willing to guarantee repayment of the loan and have enough income then you can co-sign.
It's up to the lender whether the co-signer can be approved. If the co-signer can afford to pay for the mobile home in addition to paying for their own home they will likely be approved. The co-signed loan will appear as an outstanding debt on the co-signer's credit record since the co-signer on any loan is fully responsible for paying the loan balance if the primary borrower stops paying. If you are willing to guarantee repayment of the loan and have enough income then you can co-sign.
It's up to the lender whether the co-signer can be approved. If the co-signer can afford to pay for the mobile home in addition to paying for their own home they will likely be approved. The co-signed loan will appear as an outstanding debt on the co-signer's credit record since the co-signer on any loan is fully responsible for paying the loan balance if the primary borrower stops paying. If you are willing to guarantee repayment of the loan and have enough income then you can co-sign.
How do you stop being a co-signer on an apartment?
Generally, a co-signer is responsible until the lease has expired unless the landlord agrees in writing to release the co-signer from all liability. Generally, a co-signer is not only responsible for paying the rent for the duration of the lease if the primary doesn't pay but also for any damages not covered by a security deposit.
Generally, a co-signer is responsible until the lease has expired unless the landlord agrees in writing to release the co-signer from all liability. Generally, a co-signer is not only responsible for paying the rent for the duration of the lease if the primary doesn't pay but also for any damages not covered by a security deposit.
Generally, a co-signer is responsible until the lease has expired unless the landlord agrees in writing to release the co-signer from all liability. Generally, a co-signer is not only responsible for paying the rent for the duration of the lease if the primary doesn't pay but also for any damages not covered by a security deposit.
Generally, a co-signer is responsible until the lease has expired unless the landlord agrees in writing to release the co-signer from all liability. Generally, a co-signer is not only responsible for paying the rent for the duration of the lease if the primary doesn't pay but also for any damages not covered by a security deposit.
Do both the buyer and co buyer have to be on same insurance policy even if one never drives the car?
As the cosigner has a financial interest in the property, meaning if something happens to the vehicle he can be made to pay "All" the bills, Then he should certainly be insured on the policy for any loss regardless of whether he is driving it.
A cosigner is jointly and severally liable to the lien-holder for the full amount of the note and is probably required to be insured under the finance contract anyway. The cosigner if unlicensed and does not drive should at the very least be listed as a holder of interest in the lien-holder section so that they will receive notification from the insurer should the primary have any lapse in coverage.
The primary driver should also pay any additional premium required to insure the cosigners interest. After all, he was kind enough to co-sign so you could buy the car, the least you can do is make sure he doesn't wind up in the poor house should something happen to it.
Should the primary Driver / borrower refuse to insure the cosigners interest, it would probably be prudent for the co-signer to take legal recourse against the primary borrower before a loss occurs.
How can a co signer with perfect credit help you get a mortgage loan when you have bad credit?
The purpose of a co-signer is to guaranty the loan will be repaid. The bank would approve a co-signer with perfect credit but the co-signer should be fully informed that they will guaranty the repayment of the loan. If the borrower with poor credit doesn't pay the co-signer must pay or their perfect credit will be ruined. If the co-signer has no ownership interest in the property they may end up paying for property they don't own.
The purpose of a co-signer is to guaranty the loan will be repaid. The bank would approve a co-signer with perfect credit but the co-signer should be fully informed that they will guaranty the repayment of the loan. If the borrower with poor credit doesn't pay the co-signer must pay or their perfect credit will be ruined. If the co-signer has no ownership interest in the property they may end up paying for property they don't own.
The purpose of a co-signer is to guaranty the loan will be repaid. The bank would approve a co-signer with perfect credit but the co-signer should be fully informed that they will guaranty the repayment of the loan. If the borrower with poor credit doesn't pay the co-signer must pay or their perfect credit will be ruined. If the co-signer has no ownership interest in the property they may end up paying for property they don't own.
The purpose of a co-signer is to guaranty the loan will be repaid. The bank would approve a co-signer with perfect credit but the co-signer should be fully informed that they will guaranty the repayment of the loan. If the borrower with poor credit doesn't pay the co-signer must pay or their perfect credit will be ruined. If the co-signer has no ownership interest in the property they may end up paying for property they don't own.
How is the co signer affected if the primary borrower defaults on a home equity loan?
The bank providing the loan will go after both the primary borrower and the co-signer to get the loan paid back. If the co-signer has more assets/is more liquid than the primary borrower, the bank may just focus on the co-signer as both parties (the co-signer and primary borrower) have full responsibility for the debt regardless of who benefited from the cash.
Can a co signer claim taxes on a mortgage?
if his first on the title most likely yes. he will need some kind of approval for the other person.
What legal rights does a co borrower have on a home mortgage loan?
None, technically. They are a co-signed, which means if you don't pay your bill... they have to. Then they're entitled to your home if they paid more than 51% of the total balance owing.
Is there a furniture co called car p co?
I have an old smoking table/cabinet with a copper lined humidor. The tag on the inside of the cabinet says "Springfield Furniture Works". However when I removed the copper lining from the cabinet. the wood behind is stamped with Car. P. Co. The botom of the cabinet is scratched with a 689, I'm guessing that is the patern number.
How can you make someone refinance a loan to take you off as a co borrower?
Generally, you can't make a co borrower refinance. That must be voluntary. You are responsible for the loan until it is paid off.
If there is a divorce the parties can negotiate concerning a mutual loan and the divorce decree can contain a provision that the loan be refinanced.
Generally, you can't make a co borrower refinance. That must be voluntary. You are responsible for the loan until it is paid off.
If there is a divorce the parties can negotiate concerning a mutual loan and the divorce decree can contain a provision that the loan be refinanced.
Generally, you can't make a co borrower refinance. That must be voluntary. You are responsible for the loan until it is paid off.
If there is a divorce the parties can negotiate concerning a mutual loan and the divorce decree can contain a provision that the loan be refinanced.
Generally, you can't make a co borrower refinance. That must be voluntary. You are responsible for the loan until it is paid off.
If there is a divorce the parties can negotiate concerning a mutual loan and the divorce decree can contain a provision that the loan be refinanced.
Does being a co applicant affect your credit?
No it helps it if you make timely payments.. but you are equally responsible to repay the debt. Also, it takes away from your available credit so make sure it is something you really need to get in debt for. If you mean co-signor, YOU are responsible for all the debt and it goes against your credit entirely even though the other party is "supposed" to be responsible.
"Affect" doesn't necessarily mean something bad. Yes, being a co-applicant affects your credit. If you are a co-applicant, it is usually affects your credit the same way it would if you were the only applicant. If the loan is repaid in a timely manner, it affects your credit positively. If the loan is paid back in a non-timely manner, or if it is defaulted on, it affects your credit adversly.
