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Only if you took the necessary steps to make that possible in the case of a default. If you didn't you may need to sue the primary borrower in court. In any case, you are fully responsible for paying the loan.
Only if you took the necessary steps to make that possible in the case of a default. If you didn't you may need to sue the primary borrower in court. In any case, you are fully responsible for paying the loan.
Only if you took the necessary steps to make that possible in the case of a default. If you didn't you may need to sue the primary borrower in court. In any case, you are fully responsible for paying the loan.
Only if you took the necessary steps to make that possible in the case of a default. If you didn't you may need to sue the primary borrower in court. In any case, you are fully responsible for paying the loan.
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If car is repo can they garish the person that co-sign for you check?
yes. if you dont have the money to pay for the vehicle, they go after the next person responsible which is the person that co signed for you
If your car has been repossessed do you have to keep car insurance on it?
no, but it is recommended. the repo co has insurance and is bonded for this type of situation. you will have to provide proof of repo to your insurance co.
You live in Tennessee you Co-Signed for him a Motorcycle Do you have to wait till he is late to repo it Or is it mine as much as his and you can just get a repo company to go get it for you?
It is yours as much as his because you co-signed the paper, so go get a repo company to repossess it to you. When you co-signed the loan, you became a party to the loan. If you didn't get your name on the title as a joint owner, you are legally not entitled (literally) to the bike. You accept all the risk and get no benefit from co-signing his loan. If he defaults, it will show up on your credit history if you don't continue the payments.
Will credit be affected by a co-signer of a car being voluntarily repo?
It shouldn't.
How do you get a vehicle back which you co-signed for?
I am assuming that the car payments are not being made and your credit is being hurt. Short of playing repo man/woman yourself--you need consult an attorney before you do anything.
Did you have to be a co signed on a car loan if the car being traded in was in your name?
no!
How do you find out if you are responsible for paying for a repossessed car that is in another person's name but you co signed on?
"How do you find out if you are responsible ..... but you co signed on it."" You co-signed, you are responsible. What do you think "co-signing" is for? Call a local attorney.
How does a co-signers credit for get affected if the car he signed for is reposessed?
The co-signer will also have a repossession showing on their credit as well. The co-signer is just as legally responsible for the car as the person they signed for.
Will returning a car when your not the co-signer hurt your credit?
It will not hurt your credit by returning a car as long as you have not signed any promissory documents. It will hurt the credit of the person who did get the car for you..please talk to the lender and to the people that signed for the car before you do anything. The signer might want the car if he/she knows that not only the repo will show up on their credit but also any defiency balance and legal actions.
Can a co-signer have a car repossessed if there is no lien?
The only one who can "repossess" IS one who has a lein. NO Lein, NO repo. No Lein, NO CO-SIGNOR.
Can my paid car be taken if i co-signed for my son's repossessed car?
yes
How many months pass due can a car be a repo?
Depends on the lender, the agreement you signed, and the state you live in.
