0
A loan does not have to be given by anyone, ever. There are no prohibitions on giving a loan to someone.
Considerations...for you (and it certainly is for the loan officer):
Need is simple, repayment isn't.
He needs to have (more than enough) income to pay me back.
If he is having trouble withs expenses that should be taken care of by his income are what he needs money for, a loan isn't income of any type....it only increases expenses, and makes his situation worse.
He may not have understood that the cash is entirely offset by the obligation and the income the lender makes on it is an added expense to him instead of reducing expenses when he had to before. When he went in debt before, the debt didn't produce income for the creditors and it wasn't repaid.
What else can I help you with?
Does filing ch7 bankrupt eliminate student loan?
Virtually all student loans are not dischargeable, unless you can show a hardship - something more than the inability to pay. Disability, new child with severe medical problems, something on that line. If the loan was for a school that turns out to be a scam, it may be dischargeable.
What actors and actresses appeared in CH7 - 2004?
The cast of CH7 - 2004 includes: Navin Benny Kiser as Henry Hurter Isabel Ineichen as Marianne Denise Meili as Tschanz, Tina
When is Pokemon on TV?
It used to be on toasted TV, on ch7, but its not on any more.
Ch7 Investagating Geometry Quiz?
WikiAnswers is not a quiz site. We are a question and answer website.
What advice does Haymitch Abernathy share with Peeta and katniss in ch7?
Stay Alive
Can lender report joint auto loan closed for both buyers to credit agencies and repo year later while payment continues?
KEY WORD="CO-buyer". They are EQUALLY responsible for the debt. IF one is slick enough to file CH7 and get out of that responsibility, the entire debt falls on the OTHER buyer.
How do you convert from a ch13 to a ch7?
You will need to file conversion papers either yourself or by an attorney. This will have to be approved by a trustee and a judge.
Answers to the unstated premises quiz ch7 of critical thinking?
They give you the answers after you submit it. You don't have to e-mail it to your teacher the first time you take it.
How was Korea involved in the cold war?
U can find the answer at http://www.history.army.mil/books/lineage/mi/ch7.htm right at the bottom of the page under Korea
What has been adopted as a network standard for Internet communications?
TCP/IP... source bcis college book ch7-8 worksheet , ur welcome pg329
How was Korea involved in the Cold War conflict?
U can find the answer at http://www.history.army.mil/books/lineage/mi/ch7.htm right at the bottom of the page under Korea
Can you include a personal lawsuit in a ch7 bankruptcy?
I have closed a business and gone through a divorce leaving me with an unpaid lease of $5,000 and unpaid lease on the business location. Can these be included a bankruptcy?
