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How can a cosigner get out of a collection from a car reposession?
Wiki User
∙ 14y ago
I don't think you can. You are stuck. That's what it means to cosign. If the person doesn't pay they have you to pay.
Wiki User
∙ 14y ago
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Can a collection agency going after the debt of the cosigner of your auto loan put a lien on your car?
Only if the 'co-signer' also has an ownership interest in the car.
Can you keep your car from reposession?
Keep the car at a relatives or friends garage
Does a cosigner have rights to the car even when its paid off?
No, the cosigner will not have rights to the car after its paid off because the purpose of a cosigner is to pay off the notice if you fail to do so. Being a cosigner does not give them to any rights to 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?
If you are making sporadic payments to a collection agency and they cash them can they still sue the cosigner?
Unless you have a specific repayment plan that the collection agency agreed to, there is no legal reason that cannot sue the 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.
When does a reposession affect your credit score?
it will be on there as soon as the order gets sent to the repo company, they are the collection agency. after they repo ur car and it gets sold at auction ur credit score will change .
What are the consequences if a cosigner on a car loan sells the car without the permission of the other cosigner?
Possible fraud charges.
Can the police get involved in a car reposession from a car dealership?
No they can only be present if you are being sued, or there is a disturbance
Are you able to get a car if you have a reposession on your name?
This depends upon your credit score.
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.
When can cosigner attempt to sell car?
A cosigner can attempt to sell the car at anytime. However, in order for them to sell it, they have to have the other signer's signature.
