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What else can I help you with?
Can a minor cosign a loan with someone other than his or her legal guardian?
If you are a minor, you cannot LEGALLY cosign or sign any loan/contractual agreement.
Can a minor obtain a loan with a cosigner?
Yes, a minor can obtain a loan with a cosigner, as the cosigner takes on the responsibility of repaying the loan if the minor fails to do so.
Is it legal for a 19 year old to sign a note so his 16 year old friend can buy a car with both names on the title but payments and insurance in the 16 year old's name?
You are not a guardian who can choose to allow a minor to take a loan, nor able legally co-sign a loan with a minor.
Can a minor obtain a loan with a co-signer?
Yes, a minor can obtain a loan with a co-signer who is legally responsible for the loan if the minor fails to make payments.
How can a minor get a car loan?
A minor can not get a car loan ithout a parent signing the papers.
Can a minor's signature be notarized?
No. A minor cannot sign a legal document.No. A minor cannot sign a legal document.No. A minor cannot sign a legal document.No. A minor cannot sign a legal document.
Can a minor put a house under a contract?
No. A minor cannot sign a binding contract.No. A minor cannot sign a binding contract.No. A minor cannot sign a binding contract.No. A minor cannot sign a binding contract.
Do you always need to be 18 to get a loan?
A simple one word answer in NO. In law, the contract of a minor is voidable (by the minor) not void. Practicably, lenders do not lend to a minor because it is not enforcable. But if a minor gets a co-borrower or guarantor on a loan, then he/she will have a better chance of acquiring a loan. Another way is to obtain a collateralized loan.
Can you sue loan company for using minor as a cosigner?
A minor cannot enter into a legal contract. Any loan they are a party to is invalid.
Would you be willing to co-sign a car loan for me?
I am unable to co-sign a car loan for you.
Can you put your minor child on auto loan?
No. They have to be 18, to be on any kind of loan
Can you get a loan if your 16 and working?
The 16 year old is a minor and by federal law CANNOT sign a legal document. It does not matter whether the 16 year old has a job or not.
