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Can a co-signer be relieved of responsibility on a student loan after a few months?
Only if your student loan agreement has a "co-signer release" clause that permits a co-signer's name to be removed after such a short period of time and/or a specified number of consecutive on-time monthly payments. Usually co-signer releases will be considered after 24-48 consecutive monthly payments and that the borrower's credit is good enough. There may be other restrictions as well. If there are extenuating circumstances to request an earlier release, check with your lender.
What else can I help you with?
Can you remove A CO signer name after six months?
No, one can not remove a cosigner from any contract after 6 months. The cosigner will have to stay on the contract until the contract is paid.
If the cosigner has had possession of vehicle 15 months paying the payments does the primary have the right to the vehicle?
will primary on a auto loan have right to the vehicle if cosigner has been paying loan for 15 months and has possession of vehicle will primary on a auto loan have right to the vehicle if cosigner has been paying loan for 15 months and has possession of vehicle
What happened to the Rats of Tobruk?
They held out the siege for 8 months until relieved.
How can you get a student loan if you have bad credit no cosigner?
Apply for a low limit credit card - $100.00. Use it sparingly and make regular payments for 3 months, pay it off in the 4th month and repeat the cycle for 12 to 18 months. This will establish you as capable of making monthly payments on time and of paying off a debt to a $0 balance. Never be late with a payment.
Can the cosigner be taken off the auto loan contract if stated and the loan is in good standing for 12 months?
No the co-signer is on for the life of the loan
If your father signed for a car for you and you are the cosigner and you are 3 months behind but will be paying in full within a week will they come after you even though you are the cosigner?
Like the person said below me just call the bank and tell them the situation. I was in the same position as you last year. My cosigner wasnt someone as close, it is my boyfriends mother. I ignored the calls from her and the bank only to make myself look irresponsible. The whole time all i had to do was let people know i wasnt in a position to pay right then and there. If i had said something before 3 months passed i wouldve realized that my cosigner was already making those payments before they became deliquent and just wanted to tell me she was here to help. seems like we dont have all the facts in this situation. If you are 3 months behind, one your father and yourself will have been notified by the bank more than once. second, You say you are paying in one week? tell the bank this not us and problem is resolved! p.s. give the bank your address, dont put the burden on your father stand up and take responsibility for your actions. all part of growing up.
Are there student loans with a grace period of 6 months after graduation to begin paying them back?
Yes, I know all Federal Student Loans start repayment 6 months after graduation.
What these statements about student loans is not true?
That depends what the statements are.
When do student have to begin paying back the Perkins loan?
9 months
How long must a student wait to retake a CLEP exam?
A student must wait at least three months before retaking the same CLEP exam. This waiting period is to ensure that the student has ample time to review and prepare for the exam again.
I just started a new job. I have a bad cedit history. How do I qualify for an apartment lease without having a cosigner a cosigner?
Most "little" landlords - the ones without mega/multi units - do not run a credit check. Have the security deposit and first and last months rent ready and you'll find a place.
What is the exit re-entry validity period in Saudi Arabia?
It is 6 months normally and in special family , student case it can be for 12 months or 9 months
