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Yes, since the co-signer is fully responsible for paying the loan if the primary borrower does not.
Yes, since the co-signer is fully responsible for paying the loan if the primary borrower does not.
Yes, since the co-signer is fully responsible for paying the loan if the primary borrower does not.
Yes, since the co-signer is fully responsible for paying the loan if the primary borrower does not.
Wiki User
∙ 12y ago
Wiki User
∙ 12y agoYes, since the co-signer is fully responsible for paying the loan if the primary borrower does not.
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Does a cosigner on car loan have to be licensed?
No, they just need good credit.
Does a cosigner need a driver's license?
You need a lisence to drive the car, but not to cosign a loan.
What is a sentence using cosigner?
If you need a cosigner for the loan because of bad credit, it means you can't afford the car.
If you are late on your loan payment and are a cosigner on your daughters car can they repposses the car?
If you are late on your loan payment and are a cosigner on your daughters car can they repposses the car?
How do you get a car loan without credit or job?
it is very hard to get a car loan unless you show you are bringing in some type of income.. you may have a chance if you have a co signer yeah it's true car loan without credit as well job is very difficult to get, if you have no job then you must need cosigner to get car loan.
Does the cosigner have to drive the car?
No, the cosigner signs on to the loan. Usually, the primary signer owns the car and drives it. The cosigner is there in case the loan goes into default and needs to be paid for. After they sign on the car does not belong to them, but the person who took out the loan.
Can a cosigner take over the total loan on a car?
Yes. You need to discuss this with the lender.
Can you refinance your car without a cosigner if your current loan has a cosigner?
if you take it to your personal bank and ask them how much you need to have paid already they can indeed refinace you and remove the cosigner
Can you include someones income on a car loan without their bad credit affecting you?
A person cannot include someone's income on a car loan, without their bad credit affecting the outcome of the loan. If another person is placed on the car loan, that other person will also be run through a credit check. This includes cosigner applicants.
What are the consequences if a cosigner on a car loan sells the car without the permission of the other cosigner?
Possible fraud charges.
What happens to a cosigner of a car loan when the primary loan holder files bankruptcy and the loan is discharged and they do a voluntary repossession?
They can still come after the cosigner, and it will still reflect poorly on your cosigner's credit history. You have been absolved of the debt, not your cosigner.
Can your daughter be on your car insurance if you are not cosigner on her car loan?
Yes: Your spouse/children can be included on your insurance policy regardless of who was/if there was a cosigner on the car.
