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Is there anyway that i can remove my name as a cosigner of a…

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Is there anyway that...

Is there anyway that i can remove my name as a cosigner of a car loan that i did with my grand daughter, now that she has ran into marriageable problems ?

Lawyer's Assistant: What state is this in? And how old is the car?

She lives in az. & i live in wi. it is a 2011 honda.

Lawyer's Assistant: Has anything been filed or reported?

She wants me to co sign for an extension or a 3 month deferment of payments so she can catch up on other bills.

Lawyer's Assistant: Anything else you want the lawyer to know before I connect you?

I am 85 years old and am not happy with my grand daughters actions & her way of live which seams to have no common sense.

Submitted: 11 months ago.Category: Legal
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Answered in 2 minutes by:
9/12/2017
Lawyer: LegalPro54, Lawyer replied 11 months ago
LegalPro54
LegalPro54, Lawyer
Category: Legal
Satisfied Customers: 14,531
Experience: General practitioner with diverse legal experience.
Verified

Hello and thank you for entrusting me to assist you. My name is ***** ***** I will do everything I can to answer your question.

Unfortunately, no, there is no way to remove one's self as a cosigner. If there were, co-signing wouldn't mean anything to banks, for obvious reasons. The only option is to get your granddaughter to refinance the loan, but if she is behind in payments already it's unlikely that she'll be able to find a lender willing to do that. I truly wish there were better options, but I trust you will appreciate an honest and direct answer to your question.

If I can clarify anything at all for you, please do not hesitate to ask. It is my pleasure to assist you further if necessary....

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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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