Does a loan cosigner have to pay the remaining fees if the borrower dies?

Answer Yes, PRIVATE student requiring cosigners have none of the benefits of their federal student loan counterparts.... so if a student dies or becomes disabled and the loan has yet to be paid in full th... Read More »

Top Q&A For: Does a loan cosigner have to pay the remaining ...

If a car is stolen and it is still being paid for and the borrower does not have insurance on it but the bank has liability does the borrower still have to pay off the loan?

Just as with any other cost of doing business, When the expense is incurred in the course of production or service then those costs should be included in expenses.

Does estate have to pay remaining dish network contract when someone dies?

Not unless you both resided in the same household. If so, you owe.

When the primary owner is deceased and has life insurance on the loan and disability on the loan is the estate involved or does the cosigner just take over the payments?

If you have credit life on the loan, you should be able to supply the insurance company with a death certificate as well as with their claims form. Your purchasing dealership may help you. The in... Read More »

If I die, will my cosigner (mom) still have to pay my private loan?

Yes, if you die your PRIVATE loan will have to be repaid by your cosigner. It doesn't matter how you die, or even if you haven't graduated yet. The other posters are right. The lenders just wan... Read More »