Debts and Credit » Cosigning Legal Questions and Answers

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As a cosignor, am I still liable when the principal debtor files bankruptcy?

I am a co-signer for my daughter on a fixed home loan mortgage in Nevada. Daughter has taken all financial responsibilty for the loan and has been making all pmts on the loan for several years. My daughter is now considering filing for chapter 13 bankruptcy. If she does, what is my responsibility regarding the mortgage loan? would I be responsible for the existing loan payment...

01/20/2011   |   Category: Debts and Cr... » Cosigning   |   State: California   |   #24045

Can Someone Sell a Car Without the Cosigner's Signature?

I co signed on a car loan, which I have had to make all the payments for so far. The person I co signed for refuses to give me the vehicle or pay for it. He is now threatening to trade it in- seeing how there's equity in it from me paying- I have the registration and application for title and it says his name OR myself- can he trade the vehicle in without my signature?

10/17/2010   |   Category: Debts and Cr... » Cosigning   |   State: Florida   |   #23409

How Do I Guarantee Repayment if I Cosign for a Loan?

Should I co-sign a loan with my husband, for a 80k loan with my father-in-law? My husband and father-in-law want to use 'Island Property' which is owned solely by me (not with my husband) and is also reflected in the Legal Title of Ownership (in my name only)?#1 - The lender, is my father-in-law's Trust, and it is a family 'understanding' that the gift of $80,000 would be deduc...

04/20/2010   |   Category: Debts and Cr... » Cosigning   |   State: Washington   |   #21859

How Do I Get Repaid When I Cosign a Loan That Goes Into Default

When I was married to his mother from 2000-2005, I became a co-signor to my step son's several private college loans with totaling approximately $125,000. He graduated 3 years ago and since has barely made payments. He has been late so many times that my credit has suffered and now it looks like he will default. I have the funds to keep current but I do not feel I will be paid...

08/10/2009   |   Category: Debts and Cr... » Cosigning   |   State: Georgia   |   #18033

How Do I Revoke a Cosigner Agreement?

My spouse and I co-signed for a VA Home Loan in Universal City, Texas, both our names are on the mortgage paperwork currently with Wells Fargo. My spouse would like to be removed as a co-signer from this VA Home Loan/Mortgage with no future liability for the loan. What is the legal process to do so?

07/18/2009   |   Category: Debts and Cr... » Cosigning   |   State: Texas   |   #17637

Is there any way to force my step daughter to pay for her student loans I cosigned on?

I am a co-signer on a student loan for my stepdaughter who continuously avoids payment on it. I have paid about $2000.00 on it over a period of 8 years. I am getting harassing phone calls from the lender. She also avoids them as much as possible, but the last 2 times she set up payment she had insufficient funds and then they proceed to me. Can I take out a debt warrant or is t...

03/10/2009   |   Category: Debts and Cr... » Cosigning   |   State: Virginia   |   #15536

As a Co-signer is there a way I can force the sale of the vehicle?

I co-signed for a car. Is there any way I can legally force a sale of the car?

03/09/2009   |   Category: Debts and Cr... » Cosigning   |   State: Pennsylvania   |   #15492

Am I liable for any part of the payment of the services rendered?

I am about to go into arbitration concerning a loan in which I cosigned/co applied. Because the primary borrowed did not have the income that was stated on the application i requested to rescind me as co applicant 2 weeks before the services were rendered. I made the request in writing. However, the primary borrower accepted the services anyway. I requested in writing by regul...

12/25/2008   |   Category: Debts and Cr... » Cosigning   |   State: Michigan   |   #14855

I had a friend who brought a car and she needed someone to co-sign for her. So I did. The mistake of my life. Sometimes sh...

I had a friend who brought a car and she needed someone to co-sign for her. So I did. The mistake of my life. Sometimes she'll make the payment and other times she doesn't. The loan is thru Wells Fargo and they stated I could go and get the car since my name was on the Title. I have a copy of the title. Is there anything I can do to get this car or get my name off the loa...

05/28/2007   |   Category: Debts and Cr... » Cosigning   |   State: Kansas   |   #5998

Am I responsible for a vehicle I co-signed for that is almost paid off

I co-signed an autombile loan for a friend. The loan is nearly paid off and I am not concerned about obligations to the creditor. My questions is do I bare any legal responsibility if this car is involved in a car accident resutlting in personal injuries or property damage since I am listed as a co owner.

05/27/2007   |   Category: Debts and Cr... » Cosigning   |   State: Colorado   |   #5977
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