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Questions tagged [co-sign]

In loans, a co-signer guarantees repayment because the lender believes the main signer has an unacceptably high possibility of defaulting on the loan. Use with the [loans] tag.

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1answer
125 views

I co-signed but found out i'm actually the primary account holder [duplicate]

I co-signed my boyfriends auto loan so he could trade in his car and opt for lower car payments. I received a red light traffic ticket in the mail with my name on it, which i thought was odd. So I ...
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1answer
129 views

Spouse Cosigning

My wife and I currently own a home and finance two cars. We each have one car completely in our name and are co-borrowers on the house. I am about to trade in my car, and the interest rate will be ...
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4answers
301 views

cosign a car loan, what is true $ risk

I asked a question and I am asking same question from a different angle. For example purpose, If I have friend( know for 6-7 years), who came to USA recently ( and I happen to come 2-3 years ago), ...
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5answers
242 views

Can I cosign a car loan up to a limited amount?

Can a person co-sign a car loan up to a specific amount, less than the full value of the loan? Article says that "You’re actually committing to be 100% responsible for that debt". For example, ...
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12answers
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My mother co-signed for my car. Can she take it away from me if I am the one making car payments?

My credit is in the low 500s and I was unable to get a car loan. My mom cosigned for me and I've now had a beautiful car for three months. I've been making on-time payments, the registration is in my ...
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2answers
2k views

Are cosigner finder websites like hireacosigner.com, cosignerfinder.com etc. legit?

I am a foreigner to USA and would like to pursue masters in CS in USA. But based on the current state of USD, I won't be able to pay the costs of tuition on my own. So, I will be taking a loan from ...
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0answers
129 views

Can I refinance my spouse's student loan?

In the recent 2 years my wife and I aggressively paid off a lot of debt in credit cards (leveraging some zero-fee, low fee balance transfer and using the money from sale of my stocks and our salaries)....
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0answers
102 views

Can I take my name out of a car loan? [duplicate]

I am in the process of buying a house and the bank requires that my name needs to be taken out of the car loan. My son is the cosigner, and my daughter (whom I bought the car for) is making the ...
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3answers
1k views

Car dealership put my name as the buyer without consent, when I was just the co-signer on the loan

I went with my father to look at cars for him. we decided on a car and when they were filling out the papers they ran into a problem, his credit score was not high enough so I had to co-sign for the ...
88
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6answers
29k views

I co-signed on an apartment for a now ex-boyfriend who refuses to pay. What can I do?

I co-signed on an apartment with my ex-boyfriend when I was 18 and he was 21. We broke up. I am now 26 and it has been in collections for years. He refuses to help pay the debt. I am now stuck with ...
21
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4answers
11k views

How can I remove my name from a car loan?

I financed a car, then my friend took over the payment. We went to the bank to transfer the car over to her, but I still had to be on the loan as a co-signer. Last year she was still paying on the car,...
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1answer
176 views

cosigner for a car

I cosigned for my brother-in-law's car. I have been making the payments because he has been sick. He just passed away. I do not want the car. His daughter still needs the vehicle. I can continue ...
2
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1answer
459 views

Car possession being threatened by Co-signer

I'm in a bit of a sticky/confusing situation and I am unsure of what my options are. My fiancé has a car that was financed through Ally bank. His father, who I'll refer to as John, co-signed for the ...
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0answers
293 views

What to do when my co-signer files Chapter 7?

I have an open auto loan and have finally caught my payments back up. My mother is overwhelmed by her debt and is the co-signer on the loan. She has officially filed for chapter 7 bankruptcy and told ...
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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
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2answers
179 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 ...
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4answers
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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 ...
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2answers
455 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 ...
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1answer
582 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 ...
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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
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1answer
503 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-...
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2answers
141 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
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1answer
317 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 ...
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0answers
46 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 ...
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1answer
119 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 ...
2
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1answer
100 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" ...
2
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1answer
439 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
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1answer
873 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, ...
155
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10answers
38k 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
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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. ...
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0answers
78 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 ...
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2answers
5k 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
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3answers
5k 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 ...
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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 ...
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1answer
166 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
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2answers
722 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
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9answers
31k 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
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1answer
335 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
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2answers
801 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
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3answers
6k 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 ...
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3answers
1k 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
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1answer
408 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 ...
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4answers
536 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
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2answers
306 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
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12answers
48k 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 ...
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1answer
149 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 ...
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0answers
105 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.....
2
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1answer
882 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
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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?
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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?