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A person with good credit and an ability to pay signing on a loan for another person and guaranteeing the loan.
Jairo Schinner
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Can a co-signer take the property without permission?
No. Co-signing does not give an ownership interest.No. Co-signing does not give an ownership interest.No. Co-signing does not give an ownership interest.No. Co-signing does not give an ownership interest.
What are the advantages of signing a loan agreement?
Is there any advantages to co-signing for a home loan
What if your cosigning is a case of identity theft?
The identity theft has to be resolved before the co-signing can be resolved. File charges,ect get that out of the way, then work on the co-signing mess.
Is co-signing on a lease the same as co-signing for a car loan?
It is essentially the same but of course with a lease, your responsible for an amount agreed to be paid rather than paying back a loan.
If you are researching the effects of co-signing to educate the community who should you turn to for more information?
Lenders are a good place to start. The internet has much info on the subject. Google "co-signing" and see what you get.
Can you get a car of your own and be a co-signer?
The act of co-signing involves a promise to pay another person's debt. You can't be your own co-signer.
Do co-signer have to pay for repossessed car?
Yes. By co-signing they agree to pay the loan.
What should you know about co-signing a rental agreement?
how to read, understand the contracts and rental agreement, if not dont rent the house until you find outAnswerCo-signing means that you are responsible for the rent and the condition of the apartment/house through the end of the lease--if the person you are co-signing with does not make the payments. See if you could just do a 6 month lease.You really need to be careful about co-signing, particularly if the person has credit problems or is at all unreliable. Check your finances to be certain you could cover the cost of the rent--if you cannot, then do not co-sign.
Does wife's co signing a mortbage make her a joint owner?
No. A person who co-signs a mortgage when they are not on the deed has simply volunteered to pay the mortgage if the primary borrower stops paying. The co-signer of a loan or mortgage is equally responsible for paying the debt. Co-signing bestows no ownership interest in the property.No. A person who co-signs a mortgage when they are not on the deed has simply volunteered to pay the mortgage if the primary borrower stops paying. The co-signer of a loan or mortgage is equally responsible for paying the debt. Co-signing bestows no ownership interest in the property.No. A person who co-signs a mortgage when they are not on the deed has simply volunteered to pay the mortgage if the primary borrower stops paying. The co-signer of a loan or mortgage is equally responsible for paying the debt. Co-signing bestows no ownership interest in the property.No. A person who co-signs a mortgage when they are not on the deed has simply volunteered to pay the mortgage if the primary borrower stops paying. The co-signer of a loan or mortgage is equally responsible for paying the debt. Co-signing bestows no ownership interest in the property.
Can i be removed of a contract if i were tricked into co-signing for a car?
Unless you were physcially threatened into signing, it is highly unlikely. How in the world could you be tricked? You of course read it before signing, and knew exactly what you were signing. If not, you should have. Ignorance is no excuse under the law.
Will co signing hurt your credit score if the payments are made ontime?
Provided the payments are made on time, no this will not hurt your credit score. If the person you are co-signing for doesn't make the proper payments on time and you cover the payments so that they are in full and on time, your credit score will be fine. The only concern is if the payments aren't made on time or in full your credit score will be hurt as much as the person's for whom you are co-signing. In essence, co-signing a loan means you take responsibility for making sure the other person will make the proper payments on time and in full.
What are the rights of cosigner of inheriting when the primary dies?
Co-signing gives no rights of inheritance unless that is agreed to in writing at the time of the co-signing.It should be noted that if the primary borrower dies and their estate cannot pay the debt, the co-signer will be responsible for payment of property they do not own.Co-signing gives no rights of inheritance unless that is agreed to in writing at the time of the co-signing.It should be noted that if the primary borrower dies and their estate cannot pay the debt, the co-signer will be responsible for payment of property they do not own.Co-signing gives no rights of inheritance unless that is agreed to in writing at the time of the co-signing.It should be noted that if the primary borrower dies and their estate cannot pay the debt, the co-signer will be responsible for payment of property they do not own.Co-signing gives no rights of inheritance unless that is agreed to in writing at the time of the co-signing.It should be noted that if the primary borrower dies and their estate cannot pay the debt, the co-signer will be responsible for payment of property they do not own.
