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Can I Get My Name Off a Car Loan? - RateGenius
WebAug 2, 2013 · Even if your son is paying off the loan because you cannot afford to do so, you are still legally responsible for payment of the loan and you still presumably have title to the car. So, the only way to get your name off the loan would seem to require the cooperation of your son in taking over the loan and the title of the car (effectively ... WebNov 8, 2024 · Unfortunately, you can’t always take your name off a cosigned car loan. But you may be able to remove your name with one of these three methods: Talk to the lender and ask if they have a cosigner release. Some agreements include a clause to release cosigners who no longer wish to be listed. However, most contracts won’t include this … oval back to wall bath
How do I get out of a cosigned car loan? Jerry
WebNov 11, 2024 · There are a few ways to get out of a cosigned loan. Refinancing: Your brother could refinance the loan without your name on the new loan. As refinancing is a new loan contract, this would remove your name and responsibility from it. Check the loan agreement: Some loan agreements include a cosigner release option. WebOct 20, 2024 · Using a co-signer on your loan can make sense in a lot of cases: You have bad credit You don’t have much income You’re young and you don’t yet have credit in your name Using a co-signer can... WebAug 8, 2024 · By becoming a co-signer, you’re agreeing to guarantee the other person’s debt. If the borrower doesn’t make payments on the car loan or defaults, you’ll be on the hook for repaying the ... raj saheb thackeray