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What can you do if you cosigned for your daughter's car two years ago and now she is two months behind and cannot make the payments and you cannot make them for her?
Wiki User
∙ 19y ago
Try to help her find a BUYER for the car before it gets repoed. If the payoff is $5000.oo and your buyer will only pay $4200.00, find the $800.00 needed to pay it off and you're both home free. great credit(mostly) and NO collection hassles. good Luck
Wiki User
∙ 19y ago
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What happens when someone you cosigned a mortgage for has filed for bankruptcy?
When you co-sign on a loan or mortgage for someone, you are promising to make the loan payments if they can't. When someone files for bankruptcy, they are claiming that they cannot make their payments. It would stand to reason that if someone you co-signed on a mortgage for files for bankruptcy that you would then be liable for making the payments.
Can child support paid to the custodial parent be garnished if they owe other debts?
No. Child support payments cannot be garnished.No. Child support payments cannot be garnished.No. Child support payments cannot be garnished.No. Child support payments cannot be garnished.
What chapter should you file if you are behind on your mortgage?
only in chapter 13, you cannot use chapter 7 to catch up on past payments.
Can your car be repossessed if there is not a lien on your car you were not behind on your payments?
If you have no lien on your vehicle then no one has a legal right to repossess it. If you're not behind on the payments there would be no reason for the lender to reprocess the car in the first place. It is hard to believe you have a loan on a car without a lien. The car stands behind the loan. If there's no lien on the vehicle then the car is not involved in the loan and cannot be repossessed.
If you are a month behind on rent have been in contact with the landlord Can he still evict me if I make the rent payments current?
If he accepts the rent he cannot evict you for non payment, but could ask you to leave based on constant tardiness of payment. If he doesn't accept the payments this means he is evicting you.
Can a lien take your child support?
No. A judgment creditor cannot take possession of child support payments to satisfy a lien.No. A judgment creditor cannot take possession of child support payments to satisfy a lien.No. A judgment creditor cannot take possession of child support payments to satisfy a lien.No. A judgment creditor cannot take possession of child support payments to satisfy a lien.
What can you do if you cosigned on a car title and you want to sell the car?
You cannot sell the car as you do not own it. The only thing you can do is try and persuade the owner to sell the car.
If you cannot make payments on your loan what can i do?
If you cannot make the payments on your loan, you can request a deferment or call the Direct Loan Servicer and have all of your repayment options explained to you.
Can an elderly parent lose their home if they place a mortgage on their home to help their child buy a house and that child later falls behind on payments and the parent cannot repay all the loan?
yes
Can a creditor repossess property if you are making payments?
no they cannot
What are the options if an exfiance wants off a cosigned student loan but the borrower cannot get another loan to pay off or refinance the cosigned loan and no the loan has never defaulted?
Since your ex-fiance cosigned on the loan, they are just as much obligated to the contract as you are. The only way they could get their name "off the loan" was, as you said, for the original borrower to obtain a new loan, in order pay off the original obligation. If this is not possible, then she is locked into the original contract.
Making car payments can your car be repo?
If your paying for the car, they cannot!
