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Can a minor sign a loan?

Updated: 9/27/2023
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Wiki User

7y ago

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No. A minor cannot sign a binding contract.

No. A minor cannot sign a binding contract.

No. A minor cannot sign a binding contract.

No. A minor cannot sign a binding contract.

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12y ago
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Wiki User

14y ago

No. An apartment lease is a legal document and can only be signed by a legal adult (18 years old minimum in the U.S.A.). Possibly, the lessor might allow the apartment lease to be co-signed with an adult as a guarantor.

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18y ago

No. There has to be an adult in the house.

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12y ago

No. A minor cannot sign a binding contract.

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Wiki User

7y ago

No.

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Q: Can a minor sign a loan?
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Related questions

Can a minor cosign a loan with someone other than his or her legal guardian?

If you are a minor, you cannot LEGALLY cosign or sign any loan/contractual agreement.


Is it legal for a 19 year old to sign a note so his 16 year old friend can buy a car with both names on the title but payments and insurance in the 16 year old's name?

You are not a guardian who can choose to allow a minor to take a loan, nor able legally co-sign a loan with a minor.


How can a minor get a car loan?

A minor can not get a car loan ithout a parent signing the papers.


Can a minor's signature be notarized?

No. A minor cannot sign a legal document.No. A minor cannot sign a legal document.No. A minor cannot sign a legal document.No. A minor cannot sign a legal document.


Can a minor put a house under a contract?

No. A minor cannot sign a binding contract.No. A minor cannot sign a binding contract.No. A minor cannot sign a binding contract.No. A minor cannot sign a binding contract.


Do you always need to be 18 to get a loan?

A simple one word answer in NO. In law, the contract of a minor is voidable (by the minor) not void. Practicably, lenders do not lend to a minor because it is not enforcable. But if a minor gets a co-borrower or guarantor on a loan, then he/she will have a better chance of acquiring a loan. Another way is to obtain a collateralized loan.


Can you sue loan company for using minor as a cosigner?

A minor cannot enter into a legal contract. Any loan they are a party to is invalid.


Can you put your minor child on auto loan?

No. They have to be 18, to be on any kind of loan


Can you get a loan if your 16 and working?

The 16 year old is a minor and by federal law CANNOT sign a legal document. It does not matter whether the 16 year old has a job or not.


Can you repossess a truck from a minor?

I'm pretty sure a minor couldn't get a loan


Can a minor sign a deed of quit claim on life insurance?

A minor cannot sign a deed so as to make it legally binding.A minor cannot sign a deed so as to make it legally binding.A minor cannot sign a deed so as to make it legally binding.A minor cannot sign a deed so as to make it legally binding.


How would you get a loan if you are a minor and both of your parents have bad credit?

Either find another person with GOOD credit to co-sign for you OR go to a BHPH (tote-a-note) lot.