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Where can a disabled person get a car loan?
In the UK a Company called Motability handles this type of finance.
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You might be able to get a personal loan after a car repossession. However, you would get the loan at a very high interest rate one the repossession is on your credit repo…rt.
No, car loan interest cannot be claimed when filing personal income taxes. One can, however, deduct some costs of upkeep (or mileage) if the individual can demonstrate that t…he car was used for business and that they were not reimbursed for such usage.
Answer . Why are the being sued?. past due on auto loans. They can be sued. I think your question is - if they win the judgement, can they garnish the SSI payment. NO. Se…e link for citation
A car loan is a secured loan. If you don't pay the car loan, the lender can repossess the car. A personal loan is a loan based on your credit worthiness as judged by credit re…porting agencies like Equifax. This "credit rating" is usually based on a FICO score, which views a variety of factors such as credit experience, lines of credit outstanding and payment history with other companies.
Answer Anywhere that gives loans to people that arent disabled. Bank, credit cards, etc all give loans to disabled people, they are not allowed to discriminate.
Can a person that loans money to a friend with a car title as collateral for the loan obtain the car if payment is not made?
Yes, if the promise of collateral can be documented. For example, if the lender has obtained a signed title as a "pledge", then the new title can be recorded when the pa…yment agreement is breached, and the car sold to cover the remaining payments.
a deceased persons property becomes part of their estate, if the person had a will and left the car to someone, it most likely states something to the effect of any taxes, fee…s etc arising out of anything be paid by the estate- which means if the estate has enough to pay the loan off it will and ownership will be transferred to that person, if not it still needs to be paid off, if you cant afford to pay it off, you can call the loan holder and try to qualify for financing, if you don't the car can be voluntary surrendered
IF the lender approves, YES.
Answer Sure you can. Nothing stopping you. The loans on some of the dealers are outrageous, however (just telling it like it is), so shop with caution.
If the loan company approves. If the loan company does not approve and transfer the loan you would still be legally responsible for the debt.
Car loan repayment calculators gives you the info about how much do you need to pay every month and how long. They also give you the total cost of a loan. They are easy to use…. First you input how much your car cost. Then input taxes and other fees. Input also period you wish the loan for. And finally the interest rate you have been offered.
If someone is disabled and therefore unemployed but getting SSDI how can he obtain a person to person auto loan for a used car?
"he' would call local lenders until he found one willing to make a loan based on his CR and expenses and income.
https://www.acs-education.com/bac/FFEL/DefermentQualifications.HTML#Disability There is a Temporary Disability Deferment Request form that you would need to fill out and h…ave a physician sign. This form is available at the URL above. I was in college in 1999. I became disabled with Reflex Sympathatic Distrophy and could not continue school. I am receiving SSI. I filed the papers for the loans(4000) to be forgiven. My doctor filled out his portion. I sent it in and thought that was the end of it. Now every year I get a letter from EDS saying it is still owed. I sent them copies of my disability 3 times. It has become a bad mark on my credit. My SSI is 564 a month, my rent is 530 a month and I am trying to raise my 13 yr old son on this. The best advice I can give is BEFORE you send the letter from your doctor make several copies because each time they sell you student loan / send it to collections, they leave out the fact that you are permanently disabled and you have to go through the whole process of re-filing your disability claim. I was in the same position.When the crediter wrote and called me I informed them of my disability and was referred to another arm of the crediter.They sent my loan back to ED's where you can begin to get your loan totaly removed after being disabled for 3 years. I am not sure how the credters work ,but when they found out my only income was SSI,which they can't touch,it was less than 2 weeks before I heard from ED's.This is a permanent disability.
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There are many sites that have basic information on rates for used car loans in the United States. Some of the best that actually give detailed information include Edmunds, Co…nsumer Reports, and Go Banking Rates.
One can find good tips on how to refinance their car loans on Care Direct. They have a step by step guide on how to choose the best provider, using refinancing calculators etc…. One can find similar tips on Mint Life.
yes if they are confident they can challenge any person of the society