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What else can I help you with?
Can my girlfriend cosign for me on a loan or financial agreement?
Yes, your girlfriend can cosign for you on a loan or financial agreement, which means she is agreeing to be responsible for the debt if you are unable to pay.
Do you have to be employed to do a hardship loan modification?
No, you do not have to be employed to qualify for a hardship loan modification. Lenders typically consider various factors, such as your financial situation, income sources, and ability to repay the loan. If you can demonstrate a genuine financial hardship, such as job loss, medical expenses, or other significant financial burdens, you may still be eligible for a modification even if you are currently unemployed.
Can anyone be a cosigner for a loan or financial agreement?
Not everyone can be a cosigner for a loan or financial agreement. Lenders typically require cosigners to have a good credit history and stable income to qualify.
What are the benefits of having loan disability insurance?
Loan disability insurance provides financial protection by covering loan payments in the event of a disability that prevents the borrower from working. This can help prevent financial hardship and protect credit ratings.
What are you part of if you take out a loan?
When you take out a loan, you become part of a contractual agreement with a lender, which may be a bank, credit union, or other financial institution. This agreement outlines the terms of the loan, including the repayment schedule, interest rates, and any associated fees. Additionally, you may also be part of a larger financial system, as your loan impacts your credit score and financial history.
How would one get a mortgage loan modification?
A loan modification is necessary when someone is facing financial hardship and is having trouble keeping up with the terms of the mortgage in its present state. One would go to the bank and renegotiate and modify the terms of the loan to ease their financial obligations.
Can I buy a cosigner to help me secure a loan or financial agreement?
No, you cannot buy a cosigner to help you secure a loan or financial agreement. A cosigner is someone who agrees to be responsible for the debt if you are unable to pay, and they must have a good credit history and be willing to take on that responsibility voluntarily.
What are the risks associated with using a fake cosigner for a loan or financial agreement?
Using a fake cosigner for a loan or financial agreement can lead to serious consequences. Risks include legal trouble, damage to credit score, and potential financial loss if the fake cosigner fails to fulfill their obligations. It is important to be honest and transparent in financial transactions to avoid these risks.
What is the meaning of a closed loan?
A closed loan refers to a financial agreement where all the terms and conditions have been met, and the funds have been disbursed to the borrower.
Are there legal options that a cosigner can use to be removed from an auto loan?
No, a cosigner can only be relieved of the financial obligation by a refinancing of the loan agreement without them being a participant.
What is the meaning of moratorium of repayments of loan?
Basically a moratorium on loan repayments is a loan repayment holiday. You are not required to make loan repayments or pay dues/fees for non-payment for a required period. Usually for financial hardship members/clients and needs to be organised and approved with your loan supplier.
How can you stop student loan garnishment if it will cause extreme hardship on your family?
*************************** From student loan GUY at www.studentloanfundamentals.com You can surely challenge the garnishment IF it is causing financial hardship... Here is how to stop the garnishment: Financial Hardship: You can challenge the garnishment by submitting what is called a "financial statement". Along side with the financial statement you would want to submit all of your bills and expenses. (Remember they consider credit cards, Timeshares, and such as luxuries) If you have medical bills or medical problems make sure that you include proof of this... Non-Financial Hardship: Negotiate a minimum payment that is a qualifying amount for the "Rehabilitation payment program". This is going to sound silly but hear me out.... MAKE PAYMENT ON TOP OF THE GARNISHMENT.... after 9 months your garnishment will cease and you will have most of your collection fees waived... Best of Luck... Mr. K Rogue student loan collector
