Stack Exchange Network

Stack Exchange network consists of 174 Q&A communities including Stack Overflow, the largest, most trusted online community for developers to learn, share their knowledge, and build their careers.

Visit Stack Exchange

The tag has no usage guidance.

59
votes
6answers
11k views

Wife is cosigned on a credit card with her parents — real assets are also shared. How to protect my credit?

A few years ago I got a credit monitoring app and started watching my credit score (high 700's). It's been climbing slowly and sends me an alert when I apply for new credit - like when I bought a car ...
3
votes
2answers
156 views

Car loan finance question

My mother asked for me to sign for her a car as a co-signer. I spoke to the dealership finance rep to confirm price and payment information. My mother was at the dealership I was not I was at home in ...
3
votes
3answers
1k views

I cosigned for my son. He took off in the car before it was fully financed. I want my name completely off the car

I cosigned for my son. He took off in the car before it was fully financed. I want my name off the car. We signed paperwork stating we agreed on a 60 month term through a bank but then found out the ...
5
votes
2answers
381 views

Family who did not make the car payments as a cosigner

Sorry for the long story...but need advice. My husband was suppose to cosign for a car that his brother wanted. When he went to the dealership, they told him he would have to be the primary signer ...
1
vote
1answer
236 views

Co-signer and Primary

My co-signer ending up being the primary on my car loan. Now that makes me the co-signer. Both of our names are on the car loan. Do i have any rights to the car? can the primary take the car from me ...
31
votes
2answers
5k views

Why would a lender care who paid off a debt during a refinance evaluation?

We have a family member who had their father cosign a student loan for them that was recently paid off post their credit check on the father who is attempting to refinance their mortgage. The lender ...
4
votes
1answer
136 views

Co-signer of auto loan is deceased

I took out a auto loan with someone a couple years back that is now deceased, When I went to register my car in my town it was denied because the title which is owned by the bank still has my co-...
0
votes
2answers
98 views

Can my spouse be the primary signer on my car's loan?

I don't have very good credit, but my spouse does. If I were to finance a car that is intended to be used primarily by me, can my spouse be the signer on the loan (and me as a cosigner)? Ie, use my ...
6
votes
1answer
188 views

Cosigning - cosigner won't pay and won't give any information or transfer asset

Earlier this year, I co-signed on a truck for my then-boyfriend. I recently moved out of town and no longer speak with him except to remind him to make the truck payments. His responses are that he is ...
2
votes
0answers
41 views

How do co-applicants affect loan terms and credit histories?

Alice and Bob are considering applying for a loan - for a discussion example, an Acme credit card. They have no previous credit connection. Applying individually, Alice would probably not be ...
3
votes
1answer
111 views

In the US, does getting a loan with a cosigner, help your credit rating?

Say person A has plenty of money and income but is new to the US (or for whatever reason) has a near non-existent credit history. Person A has the idea of getting a car loan to help build the credit ...
3
votes
1answer
90 views

Impact on Credit Worthiness (Getting A Loan with a Co-signer vs without)

I'm in the process of getting approved for an auto loan. My credit union will give me 1.99% financing if I co-sign with someone (I have clean credit history, but have no "substantial installment" ...
3
votes
1answer
349 views

My cosigner mistakingly signed as the buyer

Me and my fiancee went car shopping. She found something she liked, suitable for her, but we needed a cosigner. We tried everyone to no avail until we were able to reach my cousin who agreed to cosign....
3
votes
1answer
459 views

I have made all the payments on a car I cosigned. Do I have to fight for possession of the vehicle?

I cosigned on a vehicle for my ex, yet he has made no payments. I have made all the payments so far even though he has always had possession of the car. I will continue to pay if he gives me the car, ...
151
votes
10answers
35k views

My friend wants to put my name down for a house he's buying. What risks would I be taking?

My good friend, who I have known since we were kids, asked me for a favor today. He originally intended to get a house with his now ex-girlfriend so that he could invest in one and later on, sell it. ...
25
votes
2answers
6k views

I cosigned on a house for my brother

I cosigned a mortgage for my brother 9 years ago. I was young and he convinced me that it would be good for my credit. Recently my credit dropped 70 points because he was 60 days late on the payment. ...
1
vote
0answers
74 views

Can a cosigner take my car? [duplicate]

Last year I purchased a car with a cosigner. I've made all payments on said car. Now that his sister inlaw and I are broken up he has taken the car. He's made no payments and has hidden the car from ...
8
votes
2answers
3k views

Get car loan w/ part time job as student with no credit, no-cosigner but no expenses

This is the only place where I knew to turn for a question like this. I am a student (if that will make me look better to the loan officers), but I'm fairly certain I have no credit. I took out a ...
6
votes
3answers
3k views

Dealership made me the secondary owner to my own car

January of 2016 I bought a car from wilett honda south which is located in Georgia, with the help of my ex boyfriend. It was my very first car and I didn't really have much help besides a co signer ...
2
votes
2answers
1k views

Co- Signed car loan and need to have the other signer relinquish claim to ownership

I recently went and purchased a new vehicle and had my girlfriend co sign and I traded in my old car as a down payment. The finance department ended up writing up the paperwork listing her as the ...
-1
votes
1answer
157 views

Cosigner bought a new car

I bought a car last year but I needed a cosigner. This past month the cosigner also bought a car. If the cosigner doesn't make payments on time on their car payment, will it impact my credit since ...
6
votes
2answers
597 views

Helping girlfriend accelerate credit score improvement

My girlfriend is financially responsible, but her credit score is being negatively impacted by her ex-husband. He kept the house when they separated, but apparently she was never removed from the ...
71
votes
9answers
26k views

If the co-signer on my car loan dies, can the family take the car from me like they're threatening to?

I have a car, both me and by grandpa are on the title. As I cannot get loan on my own, my grandpa is my cosigner. My grandpa is almost 90, and chances are he may not be around till the loan is paid ...
3
votes
1answer
276 views

Slow destruction on co-signed property

I co-signed a car loan for my ex-girlfriend, the loan was for $13,500 with payments set at $300 plus $100 for insurance. To make a long story short, she was hard on the car (broken windshield/rearview ...
3
votes
2answers
612 views

I had a friend co-sign for a car loan

I have a real problem here, my friend at the time helped me Co-sign for a car loan. I want to take him off my title and loan...I just got the car 3 months ago. What do I do? He keeps threatening to ...
26
votes
3answers
5k views

Credit card debt after cosigner passed away

My father is a cosigner on my brothers credit cards. He passed away last month. My brother is not paying off the debt. Can we remove my fathers name? Is my dads estate responsible? My brother owes ...
6
votes
3answers
891 views

Will having a secondary signee with bad credit on a mortgage raise or lower interest?

My girlfriend and I are purchasing a house. We were told that it would be better to have the mortgage solely in my name as the only account holder due to her credit score. My question is, between ...
3
votes
1answer
365 views

How can I remove a name off my loan?

I had bad credit 20 years ago and my daughter and son-in-law cosigned for the loan and their names are on the deed. My son-in-law made one payment and I paid him back. I have made all the mortgage ...
8
votes
4answers
498 views

What actions should I be taking to establish good credit scores for my children?

I have already opened an account for my child to deposit cash birthday presents from relatives. The default credit union account has a savings account and a checking account. I could also add an ...
6
votes
2answers
296 views

Can my brother fix his credit?

My brother co-signed with my mother on a house payment. My mother didn't make the payments, but my brother pulled his fair weight. Now the house is getting foreclosed, and my brother's credit is shot. ...
70
votes
12answers
40k views

I cosigned for a friend who is not paying the payment

I cosigned for a loan for a friend. He has now moved away and is not making payments. I have been asked to pay--they even called my job--and I need to keep my credit. The payments are too high for me ...
0
votes
1answer
141 views

Bank allowed to keep title

I co signed on loan and put my truck title as collateral, the one I co-signed for had went back borrowed more money without me knowing, so my name is now not on loan so can the bank still keep my ...
1
vote
0answers
80 views

Co-Signed an auto loan with my ex, help [duplicate]

My boyfriend and I recently split up, but during the time of our relationship he helped me get a new car because his credit score is nearly perfect, and mine is terrible due to too many medical bills.....
1
vote
1answer
669 views

How do student loans get split in a divorce?

My question: Legally should a husband have any responsibility for his wife's student loan if it was taken out during their marriage? They are divorcing, the loan is in her name, and I, her mother, co-...
4
votes
2answers
3k views

How can I get my ex-fiancee to refinance a co-signed car loan?

I co-signed a car loan with my ex-fiancé. He is now married with a job and will not get the car refinanced to his name only. How can I get my name removed from the loan?
17
votes
2answers
5k views

Cosigned on a loan. If I pay loan off, are purchases now mine?

I cosigned a loan for my ex on a refrigerator, microwave, and oven. I know it wasn't smart. But if I pay off loan, can I retrieve the items?
3
votes
1answer
780 views

What can I do as a co-signer?

As a co-signer on an auto loan, how can I go about obtaining the vehicle if the other person defaults? Both of our names are on the title as well.
2
votes
3answers
1k views

I co-signed a car but I am listed as the primary account holder for the loan

I co-signed a car and want to be removed. My first thing is that I am listed as the primary account holder for the loan, but I signed the papers as the co-signer/co-buyer. If to fix the situation as ...
5
votes
1answer
4k views

How does cosigning for a home equity line of credit affect your chances of getting your own loan?

My father has a home equity line of credit (HELOC) but it is coming to an end and in order to renew it he would need me to cosign with him for it. I trust my father to make the payments and to not ...
11
votes
2answers
3k views

How do I get myself out this disastrous situation

I put a car in my name and my fiancé was the co-signer for a lease because his credit wasn't good. Now we aren't together and he stopped paying and everything is on me. I also leased a new truck from ...
6
votes
1answer
436 views

Cosigner death and family responsibility

A family member has cosigned a private student loan for a foreign student. If she dies prior to the holder of the loan, is her estate responsible for repaying the loan?
13
votes
3answers
69k views

Co-signed a loan and I need to have my name removed

I co-signed on a car loan with my partner, and now that we are no longer together I want to have my name removed. He has had the car a year now and has been on his job over an year, but he won't do ...
1
vote
0answers
704 views

Should I encourage my spouse to jointly sign our rental lease?

Looking for the advantages/disadvantages for us as a couple. We have been common-law for 9 years and are moving into a new place. My spouse recently lost her job so I will potentially taking most of ...
4
votes
1answer
420 views

Who is responsible when property and the loan are in different names?

We have a LAP (Loan against property) loan with ICICI Bank. The loan is on my name (primary), with my brother and father as co-signers. I am not sure how the ICICI bank sanctioned the loan on my name ...
10
votes
1answer
1k views

Estate liability for co-signer to Sallie Mae student loan?

My son has student loans. I co-signed on three that are currently with Sallie Mae. He stopped paying so I am doing that in order to protect my own credit. What is my estate's liability should I die ...
2
votes
2answers
11k views

How do I get my name removed from a co-signed car loan?

I am the primary signer for a car loan consigned and being paid now by my son. Is there any way I can get my name removed from this loan?
3
votes
1answer
27k views

Joint account that requires all signatures of all owners to withdraw money?

I want to open an account/cheque that works like a joint account but when some one want to withdraw the money, he/she must have all the agreement/signatures of all of the rest of the other owners. ...
3
votes
1answer
61k views

My Co-Signer is the Primary Account Holder for my Car Loan - Does this affect my credit?

I recently financed a car purchase, and my father co-signed for me. I received the first bill, to find out that he is listed as the primary account holder with the finance company, although I am the ...
15
votes
7answers
6k views

Should I open a joint credit card account with my girlfriend? She can't get her own card

My girlfriend has been unable to get a credit card because of an outstanding (and, we think, fradulent) debt on her record. We tried to contact the collection agency using the address listed on all ...
9
votes
1answer
10k views

If I co-sign a loan, does it affect my own ability to borrow due to the debt-to-income ratio?

If I co-sign a loan (e.g. for a friend or family member), does it affect my own ability to borrow money due to the debt-to-income ratio?