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Is there any way to cancel it if I have cosigned on a loan?

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Is there any way to cancel it if I have cosigned on a loan?




No, you cant. Lenders won't let you cancel it. This is why you should always think 100 times before cosigning on a loan. If the primary borrower fails to repay the loan, then the lender will catch your collar. You're stuck dude. Sorry!!! Can't help you.

Sub: #1 posted on Tue, 08/21/2018 - 00:29

David Martin David Martin

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some loans have T&C that is a program that enable a cosigner to remove his/her name from a loan, after a certain time. It can be after a 2-year period.
You can also convince the primary borrower to refinance the loan and this time, don't cosign it. :-)

Sub: #2 posted on Tue, 08/21/2018 - 01:36

Craigh.terry Craigh.terry

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Depends on the loan term and condition. technically, the cosigner can't withdraw his/her name in the middle of the loan life. Because the lender needs a safeguard from where they can get back their money. What happened? Why are you thinking like that? For whom you have cosigned the loan?

Sub: #3 posted on Wed, 08/22/2018 - 06:27

sanderspatricia29 sanderspatricia29

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One good way to do it is, if you have good relation with the borrower, ask him/her to refinance the loan, without your name this time.

Sub: #4 posted on Fri, 08/24/2018 - 01:06

Good Nelly Good Nelly
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