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Debt Consolidation Forums Getting a loan or mortgage and avoid foreclosure forums

Can I be the cosignor on a credit card just for 6 months?

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Can there be any clause in the loan while cosigning that I can be there just for 6 months and after that it won't be my liability if the debtor doesn't manage the credit cards properly ?




Not to my knowledge. However, while taking out a loan, you can clarify this with the concerned financial institution.
What I know is that later, after a certain time, you can remove your name but that may not be an easy affair.

Sub: #1 posted on Wed, 09/19/2018 - 03:17

Ryan Miller Ryan Miller

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Lender won't agree. I haven't met any such lender till date. Trust me. Why would a lender agree? I wouldn't have agreed in his case. In fact, I wouldn't have issued a loan if the cosignor doesn't have any confidence on the debtor.

Sub: #2 posted on Thu, 09/20/2018 - 00:26

David Martin David Martin

(Posts: 143 | Credits: )

No there is no such rule. However, the lending rules varied from lender to lender. So, before signing a loan as a co-signer, ask all the details.

Sub: #3 posted on Thu, 09/20/2018 - 06:11

sanderspatricia29 sanderspatricia29

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The possibility is nil my friend. The lender won't agree on such terms where the co-signer doesn't have faith upon the borrower.

Sub: #4 posted on Tue, 09/25/2018 - 00:09

Barbara Delinsky Barbara Delinsky

(Posts: 344 | Credits: )

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