2007-03-20 17:47:34 · 7 answers · asked by Lady J 2 in Cars & Transportation ➔ Buying & Selling
Untill the car is payed for or until the person you helped has good enough credit to refinance the vehicle in there name.
2007-03-20 17:52:30 · answer #1 · answered by skip1960 4 · 1⤊ 0⤋
Until the debt is paid off in full. If the other person on the loan manages to get up enough credit, he can always refinance. This means that he/she will be getting a loan for the amount that is owing, which is then used to pay off the original loan. Then it's the new loan (usually at a higher interest rate) that they're responsible for. Up until then you're in the hot seat.
2007-03-20 17:59:52 · answer #2 · answered by Me 6 · 1⤊ 0⤋
You are on until the loan is paid in full, you should have known this prior to signing the contract.
2007-03-20 18:25:29 · answer #3 · answered by fisherwoman 6 · 0⤊ 0⤋
Co-signing is a bad idea all the way around. Avoid it!
2007-03-20 18:02:26 · answer #4 · answered by MissWong 7 · 0⤊ 1⤋
Until the loan is paid off or renegotiated to the satisfaction of the lender.
2007-03-20 17:56:12 · answer #5 · answered by Anonymous · 0⤊ 0⤋
IT ALL DEPENDS ON HOW OLD THE DRIVE IS AND IF THE PERSON IS RESPONSABLE, IT COULD LAST FOR ABOUT SIX MONTHS TO A YEAR.
2007-03-24 15:55:57 · answer #6 · answered by ANNETTE G 1 · 0⤊ 0⤋
till its paid for
2007-03-20 21:04:37 · answer #7 · answered by buster5748 3 · 0⤊ 0⤋