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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Is a Co signer on a leased vehicle responsible for damages?
I co-signed for my sister car a couple years back. It was a leased car. And with leased cars you have to pay for all the damages you have caused. As a co signer am I the one responsible to pay for ...
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Bought a Harley, had my father co sign. He's listed as primary
I bought a Harley this past April, my credit wasn't up to par for the bike I was interested in so the dealer asked if I could get someone to co-sign. I talked it over with my father and he agreed to ...
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Possible Car Dealership Scam
I am new to purchasing vehicles and handling financial matters in general. I am trying to improve my financial literacy but still have a ways to go. My father is currently trying to purchase a vehicle ...
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Co-signer taking over as primary when borrower can no longer drive
My sister co-signed a car loan for me. Payments are current. I have had an injury and cannot drive. She wants to take over my car, which I’m fine with. How will this affect my credit? What needs to be ...
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Would being a co-applicant on a loan have any impact on minimum payment each month?
My mother and I are considering getting a loan through the Dividend Finance programme to have a solar panel installed. My mother filled out the primary applicant section of the application and is ...
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How to remove a co-signer from HELOC?
I have a Home Equity Line of Credit (HELOC) in Canada, Quebec.
I have a co-signer on it. The co-signer is not on the deed of sale or the mortgage. I would like to release the co-signer, so he does not ...
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Mom made me cosign a car with her because her credit is bad and now the account has gotten charged off
My mom made me co-sign a car with her when I was young because her credit was bad and she really needed a car. She stopped paying for the car and now it has been charged off. I am worried about not ...
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Can my dad remove himself from my car loan?
I bought a new car from a dealership, and my dad agreed in front of my husband and my mother to co-sign for me. The dealership allowed me to take the paperwork out to my dad's house and have him sign ...
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Will a divorce affect my co-signed vehicle?
Not sure if this question should be here or in the law exchange, but basically my dad cosigned my car loan for the purposes of rate reduction (as I had virtually no credit history at the time). My dad ...
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Can you hire a cosigner online? And does it work? Has anyone tried it? [duplicate]
I am looking to hire a co-signer online for a loan that’s been approved pending co-signer approval. I completely comprehend that my financial assessment is sketchy however I would like to offer some ...
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I thought I was a boat owner with a loan, only to find out I was used as a cosigner. What are my rights? [closed]
I thought I purchased a boat. I signed the paperwork as a borrower, only to find out I was used as a cosigner. He filed for divorce and took off with the boat. He is always 2 payments behind. What are ...
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I’m a co-signer who wants out of auto loan with ex
I am no longer in a relationship with my ex. I co-signed for a 2015 Chevy Silverado in 2018. I have text messages and emails asking him to refinance, he is refusing. If I get a small claims attorney ...
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is estate responsible for debt co-signed by decedent for car loan if car repo'ed AFTER the death?
My mother co-signed car loan for her grandson. Car was repo'ed 7/11/20. As executor of her estate ( she passed in 5/20), I received notice that the car would be sold on 7/29/20. I did not receive that ...
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I needed a co signer but my cosigner is the primary on my auto loan
so just a couple days ago I was able to get a car for. $100 down right i thought to good to be true so i went to the dealer ship anyway,
they ran my credit and gave me 2 options they told me i can get ...
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My friend cosigned for a defaulted loan. Should he declare Chapter 7 bankruptcy?
Background:
My friend Abe co-signed an auto loan for about $25k with his "friend" Bella, in the USA state of Maryland, about 4-5 months ago. The car was for Bella's use. The deal was that ...
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What risks are there to co-signing an apartment if I get the money upfront?
My girlfriend is getting an apartment since she'll be away at school for 6 months. She's an international student so can't legally work off campus, but she has more than enough money to cover the ...
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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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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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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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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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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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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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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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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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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 ...
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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 ...
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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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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 ...
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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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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 ...
user78384
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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 700s). It's been climbing slowly and sends me an alert when I apply for new credit — like when I bought a car ...
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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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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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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 ...
user71942
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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 ...
user71228
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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 ...
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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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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 ...
user52206
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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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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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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 ...
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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" ...
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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....
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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, ...
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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.
...
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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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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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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 ...
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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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