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If you cosigned for a credit card and the person defaulted on it and you were never notified of the default can you fight this on your credit report?
Wiki User
∙ 16y ago
You can try. It probably won't work. Basically lenders assume that if you cosign for something, you understand the risk. They don't care if the primary person forgot to notify you that he/she was having trouble. It's not fair, but it will make you think hard before you cosign for someone again. Be very careful.
Wiki User
∙ 16y ago
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Could you get a conventional house loan even if you defaulted on your student loans?
Depends on your credit rating, how long ago you defaulted, and how much of a down payment you plan to make. A default will stick with the credit score for 7 years.
Credit card debt default and asset seizure?
A company can seize assets doe to credit card default if they obtain a judgment through the court. You will be notified of the court date.
Can you default on an auto loan if there is a cosigner and you are the primary?
Well, you CAN default but the co-signer would then be completely responsible for paying the loan that you defaulted on. The co-signers credit will be impacted by your default and all subsequent collections.
Can you get a student loan default off credit?
Actually, the default will stay on your credit indefinately until you get out of default. Student loan default on Federally Guaranteed student loans has no statute of limitation. If you consolidate your defaulted student loans, they will show up as Paid In Full on your credit report. You can get help with the consolidation of your student loans through www.defaultms.com Any default is going to stick around for about 7 years.
If you default credit card debt does our resume get rejected?
I don't see how defaulting in credit card gets your resume rejected. If you got the interview, pass the background check and the company decided to run a credit card report on you and you defaulted then they will not hire you. Resume rejection is only if you did not get the interview.
Could you get a conventional house loan even if you defaulted on your student loans?
Depends on your credit rating, how long ago you defaulted, and how much of a down payment you plan to make. A default will stick with the credit score for 7 years.
What happens when a car payment go into default for the cosigner?
The co-signer has guaranteed the loan, therefore the bank will go after the co-signer for payment. If the loan is in default the default will go on the co-signer's credit record and if they don't pay the balance if will be on their record as a defaulted loan.The co-signer has guaranteed the loan, therefore the bank will go after the co-signer for payment. If the loan is in default the default will go on the co-signer's credit record and if they don't pay the balance if will be on their record as a defaulted loan.The co-signer has guaranteed the loan, therefore the bank will go after the co-signer for payment. If the loan is in default the default will go on the co-signer's credit record and if they don't pay the balance if will be on their record as a defaulted loan.The co-signer has guaranteed the loan, therefore the bank will go after the co-signer for payment. If the loan is in default the default will go on the co-signer's credit record and if they don't pay the balance if will be on their record as a defaulted loan.
Credit card debt default and asset seizure?
A company can seize assets doe to credit card default if they obtain a judgment through the court. You will be notified of the court date.
Can you default on an auto loan if there is a cosigner and you are the primary?
Well, you CAN default but the co-signer would then be completely responsible for paying the loan that you defaulted on. The co-signers credit will be impacted by your default and all subsequent collections.
How do you use the word defaulted in a sentence?
He wasn't paid that month, so he defaulted on his debt.
Can you get a student loan default off credit?
Actually, the default will stay on your credit indefinately until you get out of default. Student loan default on Federally Guaranteed student loans has no statute of limitation. If you consolidate your defaulted student loans, they will show up as Paid In Full on your credit report. You can get help with the consolidation of your student loans through www.defaultms.com Any default is going to stick around for about 7 years.
If you default credit card debt does our resume get rejected?
I don't see how defaulting in credit card gets your resume rejected. If you got the interview, pass the background check and the company decided to run a credit card report on you and you defaulted then they will not hire you. Resume rejection is only if you did not get the interview.
Can you sue some one if you cosigned a credit card for them and they did not pay?
Yes.
Credit report shows foreclosed owe 18000 mortgage never contacted you?
Contact the lender immediately to review. If the report is WRONG because you did not assume and default on the mortgage, contact the credit reporting bureau immediately to flag the defaulted account as fraud.
What is the benefit of getting defaulted loan off of credit report versus paying off defaulted loan?
ask an asian.
Can you claim ppi on your credit card if you have defaulted on payment?
fat
What is the statute of limitations when you default on loans and credit cards?
SOL's for debt are determined by the laws of the state in which the debtor resides. In some US states the SOL differs depending upon the type of debt that has been defaulted.
