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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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 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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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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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 ...
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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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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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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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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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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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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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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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Someone asks you to co-sign a loan. How to reject & say "no" nicely or politely?
Hypothetical situation:
A dear friend or family member comes to you and asks you to co-sign for their loan. Let's say the reason they need the money is not a life-or-death type of situation. ...
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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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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 ...
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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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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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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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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 ...
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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?
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I found out I was the primary on a car loan and not the co-signer
I found out 6 years after I thought I co-signed for a car that I was actually the primary. The notes were paid at first, my daughter ended up doing a voluntary repo. What can I do?
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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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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 ...
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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 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 ...
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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 ...
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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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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?
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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 ...
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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?
user454
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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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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 ...
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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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What happens if I co-sign a loan and the borrower or debtor dies?
What happens if I co-sign a loan and the borrower or debtor (the person that borrowed the money) dies?
Does the co-signer then assume full liability over the loan, i.e. become the new and sole debtor?...
user454
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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?
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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. ...
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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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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 ...
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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 ...
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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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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 ...
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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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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 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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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.
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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 ...
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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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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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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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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 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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