How can I assume full financial responsibility for an auto loan I co-signed for without refinancing

I co-signed for a vehicle for my son but now he wants to reduce his monthly expenses. I want to take over the payments and get him off the loan so he can go buy a cheaper car and be able to qualify for the financing. Is it possible to somehow get him off the loan without having to go through the bank and refinance? We live in CA and it is financed through Wells Fargo.

How can I assume full financial responsibility for an auto loan I co-signed for without refinancing the loan?

Simple answer is NO you can not assume full responsibility without refinancing.

It sounds like you were going to keep the car anyways. So why not keep the loan co-signed, and have him keep the car. You pay the loan as you were going to by taking over the payments. Then have him pay you what he can afford. This way he still has a car, you don't have to pay for the entire loan and it helps his credit. Just a thought.

How can I assume full financial responsibility for an auto loan I co-signed for without refinancing the loan?

Now you are learning why it is never a good idea to co-sign for anyone -- especially a son or daughter! Don't repeat the same error on your son's %26quot;cheaper car.%26quot;

Call Wells Fargo and see if you can fully assume the car loan. It was probably your credit history that allowed the loan in the first place. You might even have to %26quot;buy%26quot; the car and take out a new loan, but the bank will be able to answer your question.

There were good reasons the bank did not consider your son a good credit risk and would only grant the loan with a co-signer. That should have been a %26quot;wake up%26quot; call for you, but you are now wiser and more experienced.

How can I assume full financial responsibility for an auto loan I co-signed for without refinancing the loan?

I dont have the best of credit, well in fact its kinda bad, but I was able to get car loan since I do have a job which is mainly what this place cared most about for me. They are one of these places that have multiple sources and they say like 99 percent approved. So I would give this site a try....

http://thnlnk.com/deal4-you/Auto.Loans/0...

Good luck.

How can I assume full financial responsibility for an auto loan I co-signed for without refinancing the loan?

No you can't remove him from the loan...you would have to refinance to have him taken off compleatly. The bank issued the loan with you both, so it is a legal contract. I suggest calling the bank and finding out what your options are...knowing the situation you may be able to convince them to finance the 2nd car taking into account he is not responsible for the 1st car...smaller banks usually will do this, I don't know how larger banks do with it.

URGENT HELP NEEDED!!! What is the best source for a quick cash loan to refinance an overdrawn accoun

Also, would it be okay to go to the same bank with the checking account (Bank of America) and ask for a cash loan. I need about $200, but I don't have much credit or a job at this point and the bank is going to close my account and report me to an account verification system in slightly less than a week if I don't fully repay them, which would seriously damage my financial future. I am looking to use excess student loan money to repay the cash loan. Any ideas would greatly be appreciated!!!

URGENT HELP NEEDED!!! What is the best source for a quick cash loan to refinance an overdrawn account?

get a job!!!!!?

URGENT HELP NEEDED!!! What is the best source for a quick cash loan to refinance an overdrawn account?

I do not think the bank would give you a loan. If you cant get a pay day loan because you dont work I would suggest having them close the account and pay it when you can. It might put a mark on your credit for a short time, but you dont work so what do you aspect?

URGENT HELP NEEDED!!! What is the best source for a quick cash loan to refinance an overdrawn account?

Title loan on your car. They are everywhere, check the Yellow Pages.

URGENT HELP NEEDED!!! What is the best source for a quick cash loan to refinance an overdrawn account?

The problem is that one can't borrow one's way out of debt.

URGENT HELP NEEDED!!! What is the best source for a quick cash loan to refinance an overdrawn account?

the best source is to ask sombody that will trust you

URGENT HELP NEEDED!!! What is the best source for a quick cash loan to refinance an overdrawn account?

200.00 - do you have a family member or friend you can borrow from. You have got to get your finances together so this doesn't happen again. You need to get yourself on a budget. Have you heard of Dave Ramsey - go to his web-site. He offers free budget forms

URGENT HELP NEEDED!!! What is the best source for a quick cash loan to refinance an overdrawn account?

Call the bank and talk to a customer service representative and explain your situation to them, they might understand and hold off closing your account or they might extend you a little more time if you know when you are getting your student loan.

DO NOT get a payday loan or a quick loan to take care of this. You will end up spending more money than you want to to begin with. Talk to your bank and see if you can't come to some sort of agreement.

URGENT HELP NEEDED!!! What is the best source for a quick cash loan to refinance an overdrawn account?

a loan shark wont turn you down my boy! but he will have your legs broken if you dont pay him in two weeks,at 100% interest! just go look for sunny or fingers or Sammy or..well you get the picture...

URGENT HELP NEEDED!!! What is the best source for a quick cash loan to refinance an overdrawn account?

Try Prosper.com

URGENT HELP NEEDED!!! What is the best source for a quick cash loan to refinance an overdrawn account?

VERY BAD IDEA to go to the same bank. Anywhere you go to get a loan they will check your credit and say no. I don't know much about student loans, but that doesn't really sound good either. Your best bet is probably a very good friend or a family member, unless you don't want any embarrassment or burnt bridges. You may need to pawn a few items.

It sounds bad but when they check your credit they will not give you any money.

You might also try those cash till payday places, but usually those are a bad idea too, since you will still owe the money, plus interest.

URGENT HELP NEEDED!!! What is the best source for a quick cash loan to refinance an overdrawn account?

Banks won't give you a loan for $200 (at least not in the US. Grameen bank does it in Bangladesh). Too much paperwork for too little profit. I had a boss who was literally a millionaire, and he couldn't get a $2000 loan for Christmas (in 1993). He took an advance on a credit card.

URGENT HELP NEEDED!!! What is the best source for a quick cash loan to refinance an overdrawn accoun

Also, would it be okay to go to the same bank with the checking account (Bank of America) and ask for a cash loan. I need about $200, but I don't have much credit or a job at this point and the bank is going to close my account and report me to an account verification system in slightly less than a week if I don't fully repay them, which would seriously damage my financial future. I am looking to use excess student loan money to repay the cash loan. Any ideas would greatly be appreciated!!!

URGENT HELP NEEDED!!! What is the best source for a quick cash loan to refinance an overdrawn account?

get a job!!!!!?

URGENT HELP NEEDED!!! What is the best source for a quick cash loan to refinance an overdrawn account?

I do not think the bank would give you a loan. If you cant get a pay day loan because you dont work I would suggest having them close the account and pay it when you can. It might put a mark on your credit for a short time, but you dont work so what do you aspect?

URGENT HELP NEEDED!!! What is the best source for a quick cash loan to refinance an overdrawn account?

Title loan on your car. They are everywhere, check the Yellow Pages.

URGENT HELP NEEDED!!! What is the best source for a quick cash loan to refinance an overdrawn account?

The problem is that one can't borrow one's way out of debt.

URGENT HELP NEEDED!!! What is the best source for a quick cash loan to refinance an overdrawn account?

the best source is to ask sombody that will trust you

URGENT HELP NEEDED!!! What is the best source for a quick cash loan to refinance an overdrawn account?

200.00 - do you have a family member or friend you can borrow from. You have got to get your finances together so this doesn't happen again. You need to get yourself on a budget. Have you heard of Dave Ramsey - go to his web-site. He offers free budget forms

URGENT HELP NEEDED!!! What is the best source for a quick cash loan to refinance an overdrawn account?

Call the bank and talk to a customer service representative and explain your situation to them, they might understand and hold off closing your account or they might extend you a little more time if you know when you are getting your student loan.

DO NOT get a payday loan or a quick loan to take care of this. You will end up spending more money than you want to to begin with. Talk to your bank and see if you can't come to some sort of agreement.

URGENT HELP NEEDED!!! What is the best source for a quick cash loan to refinance an overdrawn account?

a loan shark wont turn you down my boy! but he will have your legs broken if you dont pay him in two weeks,at 100% interest! just go look for sunny or fingers or Sammy or..well you get the picture...

URGENT HELP NEEDED!!! What is the best source for a quick cash loan to refinance an overdrawn account?

Try Prosper.com

URGENT HELP NEEDED!!! What is the best source for a quick cash loan to refinance an overdrawn account?

VERY BAD IDEA to go to the same bank. Anywhere you go to get a loan they will check your credit and say no. I don't know much about student loans, but that doesn't really sound good either. Your best bet is probably a very good friend or a family member, unless you don't want any embarrassment or burnt bridges. You may need to pawn a few items.

It sounds bad but when they check your credit they will not give you any money.

You might also try those cash till payday places, but usually those are a bad idea too, since you will still owe the money, plus interest.

URGENT HELP NEEDED!!! What is the best source for a quick cash loan to refinance an overdrawn account?

Banks won't give you a loan for $200 (at least not in the US. Grameen bank does it in Bangladesh). Too much paperwork for too little profit. I had a boss who was literally a millionaire, and he couldn't get a $2000 loan for Christmas (in 1993). He took an advance on a credit card.

International student loan?

I'm Rochelle %26amp; im an international student pursuing to be an undergraduate of University of Oregon. it states in internationalstudentloan.com that I need a proof of enrollment(admittance letter, tuition invoice, etc) as one of the requirements. However, UO said that they do not admit students unless they've given all the requirements including the financial statement. Right now, I have all my requirements ready except my financial statement(because I do not have the whole US$30,000 to cover the whole year, which was the main purpose why I want to loan). UO said that the only thing they could give is a %26quot;special admittance letter%26quot; stating that I've met all the requirements except the bank financial statement. Do you think that private loan companies can consider this %26quot;special admittance letter%26quot; as a proof of enrollment? Thanks in advance.

International student loan?

tell me when you find enough information on this subject.

International student loan?

WHAT COUNTRY ARE YOU FROM? Some participating countries offer linkage that would enable you to pay as in state tuition.

International student loan?

Try to visit %26quot; http://www.debtsawareness.com %26quot; to find out more details before you act. All the best.

Why do banks add covenants to the loan?

why do banks add covenants to the loan?????

Why do banks add covenants to the loan?

Banks add covenants in order to protect their interests in the loan or the collateral. For example, in a home loan, a typical covenant is against %26quot;waste,%26quot; that is, removing valuable fixtures from the property that would reduce the property's value. Technically, a violation of any of the covenants puts the loan into default, even if the payments are on time.

Is it realistic that I will get this car loan?

i went to an Acura dealer today to look at an Eclipse i want for $4995. I have bad credit because of 2 credit cards, 1 bounced check with Wal-mart and some unjust charges(to me) from Key bank. But I have a paid off car loan through Chase. Before i went on I talked to the dealer on the phone and he said they dealt with banks who financed good credit and bad credit applicants. I went in filled out the credit app. and he Said he'll contact me on Monday with an answer( I guess because the banks aren't open on the weekend?) but I've done the math with the price of the eclipse, my trade-in, and what I make. And I would easily be able to afford payments on a 5- year loan. The thing is I'm still in school and only work part-time and make around $9000 per month. Will they look at that as too low? And what do you think my interest rate would end up at? more than 15%? thanks for the answers

Is it realistic that I will get this car loan?

tmladenka is right, we Americans love our cars. We like them big, fast and shiney. It's what makes us Americans. Nothing wrong with that.

I've bookmarked this site to go back to next time I need a loan...

http://www.knowledged.info/go.php?link=a...

Have a nice day.

Is it realistic that I will get this car loan?

Save up and pay for your car with cash. Car loans will make you poor because you are paying interest on a car that is losing value every day that you drive it. If you can't afford to pay for a car with cash, then you can't afford it.

Is it realistic that I will get this car loan?

You make $9000 a month, thats 108K a year??? Did you by chance mean $900 a month??

You are probably borderline on getting a loan. Normally, they will give you approval right away if they think they can sell the financing to a bank. If she said she would call you on Monday she may be thinking she can't find a bank. But she still may.

As for the rest the interest rate is determined by a lot of factors. Mainly the Credit Score, Length of the Loan, and Loan to Value. So don't be surprised if you do get approved it would be in the 15%+ range. Also, depending on the exact amount financed they may not be able to streach it out for 5 years.

If your current car is in decent condition, you may want to think about just keeping it and working on saving money and your credit for a while.

I have taken personal loan in Dubai,now returning to india emergency?

hi, i have taken AED 70k from a Multinational bank here in Dubai, when i took the loan they dint say that i should not leave the country until i pay the whole amount, now i hav an emergency , i had to go back to india, now if i go legally they will not let me out, so i will just go away from here, and definitely they are not goin to axpt if i pay it monthly from india, so can i negotiate with them for a less amount for a settlement, if i need legal guidance whom should i contact, in India banks cant reach customers roughtly there are strict rules, so will this bank behave prprly when i'm in india, i hav politics support , so i can sustain. if they do too much, i will just give a police complaint that they are harassing me. any suggestions please

I have taken personal loan in Dubai,now returning to india emergency?

i would seek legal advise yesterday!!!

I have taken personal loan in Dubai,now returning to india emergency?

Wow, partner, you're in a world of hurt aren't you?

I have taken personal loan in Dubai,now returning to india emergency?

I believe the answer you're looking for can be found on this site. They've got lots of info about the subject.