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Typically a loan for education offers special terms such as lower rates or fixed interest whilst you are still in education. A consolidated loan typically offers lower fees due to there only being one lender involved.
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∙ 10y ago
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Can a cosigner for a loan be relinquished from repaying the loan?
Only one way, have the borrower consolidate the loans without you being a cosigner. Then the original loans are paid off, and a new loan is made in only the borrowers name.
Can a parent loan be signed over to a student?
In the US, unfortunately the answer is no. A parent PLUS loan must stay with the parent. If you cosigned on a loan for your child and the loan is federally guaranteed, then you can get your name off of the loan by having your child consolidate the loans. If you need help with the consolidation of the student loans, click on the link at the bottom of this text box.
If the educational loan is in husbands name then the benefits of IT can be taken by spouse?
Probably not; see a lawyer to be sure.
Can you get an education loan if your elder brother has already taken education loan from the bank?
See, if your family is not able to repay the loan amount, then you should not take loan on your family's security. Rather, you can take Education Loan on your name i.e. Banks or NBFCs will give you loan, putting a condition that you have to repay your loan after completion of your degree (within a year approx.). So, you can sincerely study and get job in reputed company and you can easily return the loan amount. Popular Banks such as IDBI, Dena, ICICI and NBFCs like Bajaj Finserv give Education Loan for higher studies on legitimate interest rate. Good luck for your future.
Im a cosigner on a loan need to get my name off and file a civil suite on the primary person?
If you are a cosigner on a Federal Student loan, then the only way to get your name off the debt is to get the primary borrower to consolidate the student loan in only his/her name. This will remove you from the debt. If it's not a student loan, you are stuck. You can file a civil suit regardless, though. It has nothing to do with the loan papers. You signed them and if the other person is not paying, you are next in line for the collection agency. If the civil suit is because the person is not paying the loan, it's not a civil suit. You can't have the person pay YOU so you can pay the loan. They have to pay the loan and if they don't, you are just as responsible as if it was your loan to begin with. Never co-sign!
How do you pay off the car loan of someone else?
There is three ways to do this assuming that you are purchasing the car. You can call the Loan company and ask for the "pay off" amount and pay it in a lump sum or you can assume payments via a contract between you and the loan holder. In this contract you promise to pay the loan on schedule while keeping the loan is their name. This can be risky for them. You can also assume the loan through the loan company. This benefits both of you by getting them off the loan relieving them of liability and it promotes your credit. As far as the title is concerned it can be changed to your name regardless of the name on the loan. If the loan is still active there will remain a lien holder (the loan company) on the title. Y-THINK-Y
What is the Telugu name for Fenugreek Seeds?
The Telugu name for Fenugreek Seeds is "Menthulu."
I have an auto loan in my name can i get another auto loan in my name?
If you are already running a loan, then you can take a loan from another bank not from the same bank. If still you want a loan from same bank, then you can get on your parents name.
Can you still receive student loans if you owe back taxes and child support?
No, you are not eligible for grants or any other student aid while your current loans are in Default. If you need help getting out of default, or getting a garnishment lifted, then contact Default Management Services, Inc. for help. You can Google the name for a phone #. Ask for Doug, he is knowledgeable.
If you get a loan in your name can the car be titled in another name?
No. I recently took a car loan for my son because his credit is bad. The loan is in my name, the title is in his name only. He is listed on the loan as the 'holder of colateral'.
Primary school loan signer is at default to the loan was a former boyfriend and I'm co-signed now being sued for lack of payment?
That is the risk that most people don't think of when cosigning. Lucky for you, there is a way for you to get out of the mess. If you are in the US, and if you can get the original borrower to consolidate the loans in only his name, then you will be removed from the obligation. See the link below for help on the consolidation.
Can I claim the benefit of housing loan if the property is in my wife name?
Not if the loan is not in your name.
