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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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14 votes
3 answers

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 ...
Jay Alexander's user avatar
165 votes
10 answers

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. ...
Selyuu's user avatar
  • 1,361
70 votes
12 answers

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 ...
Leslie's user avatar
  • 657
23 votes
5 answers

Should you co-sign a personal loan for a friend/family member? Why/why not?

I know someone who was recently asked to co-sign a hefty loan by a family member. I don't know what I'd do if I was put in the same position as the one asked. What are the risks? What are things to ...
Nat_Rea's user avatar
  • 8,683
3 votes
3 answers

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 ...
Alexis's user avatar
  • 81
11 votes
4 answers

Co-signing & dying: What if a loan co-signer dies? Is estate of co-signer liable?

A grim and tragic question perhaps, but I'm curious: What happens when a person that co-signed on a loan dies? Is the co-signer's estate potentially liable until the loan is paid off, the same as if ...
Chris W. Rea's user avatar
  • 31.7k
72 votes
9 answers

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 ...
JWea417's user avatar
  • 613
19 votes
3 answers

Are cosigner finder websites like, 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 ...
QnARails's user avatar
  • 293
8 votes
2 answers

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 ...
revofire's user avatar
6 votes
1 answer

I signed on as the co-signer on a car loan and somehow ended up being the primary name on the account

I know a person should never co-sign for anyone. I always have. This is why I feel so stupid but I signed on to a car loan 4 or 5 months ago for my ex. I was against it but the fact she was hanging my ...
Smitty44's user avatar
5 votes
1 answer

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.
Alexis's user avatar
  • 81
3 votes
1 answer

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....
Benjamin McCollum's user avatar
87 votes
6 answers

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 ...
Kodi Canty's user avatar
25 votes
2 answers

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. ...
L. Will's user avatar
  • 259
11 votes
2 answers

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 ...
Michelle's user avatar
  • 111
10 votes
1 answer

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 ...
Ira's user avatar
  • 101
10 votes
1 answer

If I co-sign on a loan for someone, am I putting up money (is there a cost)?

Does it cost me anything if I co-sign a loan for someone?
PHC1983's user avatar
  • 427
6 votes
2 answers

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 ...
user avatar
6 votes
1 answer

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 ...
Mireya Cordova's user avatar
6 votes
3 answers

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 ...
IWantMyCar's user avatar
4 votes
6 answers

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), ...
Raj's user avatar
  • 3,492
4 votes
4 answers

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 ...
chris's user avatar
  • 49
4 votes
4 answers

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 ...
Phil Levenson's user avatar
3 votes
5 answers

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, ...
Raj's user avatar
  • 3,492