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If a co signer of a car dies, the other person on the contract is still responsible for payment. The person who is deceased is no longer responsible for repayment.?æ
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∙ 9y ago
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What happens if you are a borrower and the co-signer dies?
If the co-signer dies the surviving borrower is responsible for paying the loan.
What happens when a co signer dies and you stop paying on car loan?
bank takes back
What happens if co-signer of a student loan dies?
The other signer is responsible.
What happens when a co-signer on mortgage dies would the estate for the co-signer have to pay off the mortgage?
if your on the title be prepared to take over the payments.
Will my car be taken if my cosigner dies?
Not as long as you make your payments on time. A co-signer guarantees that you will pay your loan off. If your co-signer dies and you don't make your payments the lender will repossess the car and go after you for any deficiencies.
Can a primary co signer take the car from the secondary co signer?
can a primary co signer take the car away from a secondary co signer
What happens when co-signer dies?
Nothing - the other signatory is still responsible for whatever it is that was agreed to.
What if the borrower dies and there was a co signer?
The lender will go after the co-signer for payment.The lender will go after the co-signer for payment.The lender will go after the co-signer for payment.The lender will go after the co-signer for payment.
What if the borrower dies and there was a co-signer?
The lender will go after the co-signer for payment.The lender will go after the co-signer for payment.The lender will go after the co-signer for payment.The lender will go after the co-signer for payment.
Can a co-signer repossess a vehicle if a sibling is not making payments?
The co-signer is typically a person who signs for the car loan; the co-signer may or may not be listed as a co-owner on the title. If the co-signer is also a co-owner, the co-owner who is paying the loan can legally take the car. However, if the co-signer is not a co-owner, taking the car would be grand theft auto. Incidentally, if the co-signer is not also a co-owner and the loan falls into default, both the signer and the co-signer will be identified in credit reports as defaulting on a car loan, even though the co-signer did not have or use the car.
You bought a car with a co signer can you file bankruptcy?
Sure. The co-signer will be responsible for the debt on the car.
Can a car loan be transfferd?
It can be transferred to a co-signer only. If their is no co-signer on the note, then your answer is no.
