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The cosigner was probably "notified" that any funds held by the lender would be attached at the time the loan was signed. In order to garnish wages or place a lien on other property, the lender would have to go to court and obtain a judgment, in which case the cosigner would have received a summons from the court.
The best place to find an online lender is at the Better Business Bureau web site. Search for a payday lender in ones area and click their name. If that lender offers online services, their website will be listed.
There are many different places on the internet to look for financial help. The best place to look for information on a mortgage lender is the website Bankrate.
The best place to look for a mortgage lender is through your personal real estate agent as they will always have a good recommendation for a lender. You can also locate one online using websites such as Realtor to find one with good personal reviews.
The only way is try to negotiate a reaffimation agreement with the lender. However, if the house is not protected by the homestead exemption, it could still be in jeopardy.
No, as there are no such procedures in place, though they can attach the account where it is deposited.
The cosigner was probably "notified" that any funds held by the lender would be attached at the time the loan was signed. In order to garnish wages or place a lien on other property, the lender would have to go to court and obtain a judgment, in which case the cosigner would have received a summons from the court.
Liability Insurance, or Rather Financial Responsibility are required by Law. Comprehensive and collision insurance is required by the terms of your finance contract with the lender. Failure to comply with the terms of your purchase contract can result in the following 1. Forced place coverage by the lender, which is much more expensive than buying the coverage yourself. The amount will be added to your finance note 2. Vehicle Repossesion by the lender. Failure to maintain your lender required coverage is a defaulting breach of your purchase contract.
A vehicle is a "secured debt". The lender does not have to take back the car if it is not "worth the effort." Because it is a secured debt they can, in most cases, follow legal procedures to collect what is owed. The lender can file suit obtain a judgment and then garnish wages, place liens against real property, levy bank accounts, etc. Honestly, if you can drive it.. take it to the nearest office of the lender and drop it off.. throw the keys at them and go home.
This depends on the lender. A FEIN is sometimes used in place of an SSN when a business is applying for financing. Finding a lender that will lend on residential real estate using a business as the buyer is more difficult than obtaining a traditional mortgage.
Yes. If you pay cash for your house then you do not have to buy insurance. The only time you have to buy insurance on a house is if you take out a mortgage, the lender will probably require you to have insurance. That is in case the place burns down, it protects the banks collateral.
If he qualifies alone, federal law allows him to apply without you. However, the lender may either have you sign the Deed of Trust, or may require that you be deeded off the house for the transaction to take place. In the latter occurs the lender may allow you to go back on after. Check with the lender, some have verbiage in the Deed of Trust forbidding any ownership changes.
Yes. If you are presented with a court order to garnish your employee's paycheck you must obey it. Disobeying a court order could place you in contempt of court.
IF they follow the laws of your state, YES. A repo is a repo is a repo. they may also be able(and more likely if you have a job)to garnish your wages. NEGOTIATE with them, they would much rather have money than the car. TRY to sell the car. Good Luck
It was as a trader of goods i.e. Corn and a money lender
A secured loan is a loan where you will be required to use your property as security against the loan, so the lender is able to balance the risk of lending to you. The amount that can be borrowed differs from lender to lender and your individual circumstances.
The best place to find an online lender is at the Better Business Bureau web site. Search for a payday lender in ones area and click their name. If that lender offers online services, their website will be listed.