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A joint account is just another bank account which can be used for any purpose. Yes, you can use it to take a personal loan or pay for one. There are no restrictions reg. joint accounts not be linked with personal loans.
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∙ 13y ago
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Will having a joint bank account with someone who is behind on their personal loan affect your own ability to get a personal loan?
No. Credit history pertains to the individual. With the exception of joint accounts such as credit cards, not bank accounts.
How can you get a personal loan without a bank account?
You cannot. Banks usually expect an auto-debit instruction from a bank account for the monthly payments for the loan. That can happen only if you have a bank account and so you cannot get a personal loan without a bank account. Banks would ask you to open an account if you want a loan with them.
What does being the 'primary' on a bank account mean?
Usually if it's a joint account if means the main named person on the account. for example if you are the priamry account holder you need to by the one who sign's to set up direct debits etc. However if it's a joint loan & you have insurance on it & the primary person comes out of work, the insurnace will pay, however if the secondary person comes out of work - they poss will not pay out
How does an individual apply for a Wells Fargo personal loan?
If one has an active Wells Fargo Checking or Savings account for more than a year, then one can apply for a personal loan via an online or phone application. All others must apply for a personal loan in person at their local Wells Fargo Bank.
How can one have a personal loan from a bank?
To have a personal loan from a bank you need to have a bank that you have an account with and a financial advisor at that bank. You'll meet with them to tell them why you need the loan and how you will pay it back.
Can child support garnish a joint personal loan?
Yes to the extent that the loan becomes an asset (bank account, etc.).
Will having a joint bank account with someone who is behind on their personal loan affect your own ability to get a personal loan?
No. Credit history pertains to the individual. With the exception of joint accounts such as credit cards, not bank accounts.
Is loan account real nominal or personal?
Loan account is a personal account in nature so increase with debit and decrease with credit.
Can you loan with speedy cash if you have a joint account?
Possibly, but you should consult your joint account holder before doing this.
Is a cosigner for a checking account liable for any loans the signer has with the same bank?
No, unless you so-signed on the loan you are not responsible for the loan. The only way you are affected is if someone uses your share of the money in the joint checking account to pay their personal loan, but legal responsibility does not fall on you...
How can you get a personal loan without a bank account?
You cannot. Banks usually expect an auto-debit instruction from a bank account for the monthly payments for the loan. That can happen only if you have a bank account and so you cannot get a personal loan without a bank account. Banks would ask you to open an account if you want a loan with them.
What does being the 'primary' on a bank account mean?
Usually if it's a joint account if means the main named person on the account. for example if you are the priamry account holder you need to by the one who sign's to set up direct debits etc. However if it's a joint loan & you have insurance on it & the primary person comes out of work, the insurnace will pay, however if the secondary person comes out of work - they poss will not pay out
What happens to the joint mortgage holder of a take over mortgage if the original mortgage holder pays the loan?
The joint person is still responsible until the loan is paid off or refinanced out of the person's joint name.
How does an individual apply for a Wells Fargo personal loan?
If one has an active Wells Fargo Checking or Savings account for more than a year, then one can apply for a personal loan via an online or phone application. All others must apply for a personal loan in person at their local Wells Fargo Bank.
How can one have a personal loan from a bank?
To have a personal loan from a bank you need to have a bank that you have an account with and a financial advisor at that bank. You'll meet with them to tell them why you need the loan and how you will pay it back.
Who pays loan on joint account when only one signed for the loan then dies?
I'm not sure if I get the question. Are you talking about having a cosigner orlike in a PLUS loan? If a borrower dies, the loan can be discharged.
Can a person be sued for a personal loan if they are on disability?
Yes
