Death of Co-signer?

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If the cosigner of a loan dies does the borrower still have to pay?

2007-03-21 03:11:33 · 5 answers · asked by king_mob23 1 in Education & Reference ➔ Financial Aid

5 answers

Of course! they mainly look at the borrower first.. for payment.. if the borrower is not reached then the co-signer is next... thats like asking if the vice president died.. would the president still be in office...

2007-03-22 05:41:06 · answer #1 · answered by Grace 4 · 0⤊ 0⤋

Absolutely. Creditors are able to go after anyone named on the loan.

2007-03-21 10:17:38 · answer #2 · answered by elyjs 2 · 0⤊ 0⤋

yes

Dornessa Harris
http://onlinedownlinebuilders.com

2007-03-21 11:09:18 · answer #3 · answered by Anonymous · 0⤊ 0⤋

Yes.

2007-03-21 10:19:25 · answer #4 · answered by Christina 7 · 0⤊ 0⤋

of course they do

2007-03-21 23:44:34 · answer #5 · answered by Anonymous · 0⤊ 0⤋