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Which is true of someone with a low credit score I. They probably make on time payments. II. They may not be able to rent the apartment they want. III. They are more likely to miss a payment than some?
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Can you sell your car with payments left on the loan?
Someone cannot sell his car if there are still some pending payments on a loan. It is however possible to enter an agreement with the financier so that the remaining payments can be financed by part of the proceeds from the car sale. An extra interest payment may be charged for that.
Is someone cosigns for you does it help your credit or theirs if payments are made on time?
It will be reported to the credit bureaus under both names, but will have a greater effect on the primary borrower's report. If payments are made on time, it will never indicate which party actually made the payment.
Are you still liable if you cosign on an apartment and someone moves out and someone else moves in?
If you co-sign you are always responsible (even if the person claims bankruptcy you will still be responsible) unless you have a legal agreement that someone else will be taking over the payments for you. If you are talking about a roommate situation, the apartments usually have something called a "roommate" agreement. Ask the apartment. Co-signing for something that can't be used as collateral is always bad.
How do you get someone off of a deed that never contributed to the down payment or mortgage payments?
Need to file a "Quit Claim Deed". However, this will not remove that persons name from the original deed of trust - the only 100% certain way of getting a name removed like this is to refinance the loan. You cannot remove someone from a deed based on whether or not they contributed to the down payment or the mortgage payments without their consent, conveyance or without a legal order from forcing them to do so.
What is the difference between a mortgage and monthly rent?
Monthly rent is payment for using someone else's property.A mortgage payment is payment for a loan you obtained to purchase real property that you own.Monthly rent is payment for using someone else's property.A mortgage payment is payment for a loan you obtained to purchase real property that you own.Monthly rent is payment for using someone else's property.A mortgage payment is payment for a loan you obtained to purchase real property that you own.Monthly rent is payment for using someone else's property.A mortgage payment is payment for a loan you obtained to purchase real property that you own.
When you marry someone who has a tax payment to IRS are you liable for payments too?
yes
What if a apartment bill is showing up on my renter history as i owe them can i still get an apartment?
No. When the apartment you apply for does a credit check that will show. They will not want to rent to someone who owes a previous apartment complex. Pay the previous bill first or at least make payment arrangements.
If you co-sign on a car and make the down payment for someone can you take the car away from him and make the payments yourself?
ONLY if you are on the TITLE as co-OWNER. Otherwise you are just on the hook for the payments.
You are a co-signer on a student loan for someone who missed more than one payment your lawyer told you not to make any payments will that hurt your credit?
Unfortunately, you're credit is probably already affected if payments have been late. If you co-signed, then the lender will come to you. Ask your lawyer for a better explanation.
Why would someone want to sell a structured settlement payment?
An individual might want to sell a structured settlement payment in order to get a lump sum payment of those funds upfront instead of being paid out in installment payments.
Is it legal for an apartment to cash your security deposit before you get approved?
Probably. I mean, if I were renting an apartment to someone, I'd want to make sure their checks clear before I let them move in.
Can you sell your car with payments left on the loan?
Someone cannot sell his car if there are still some pending payments on a loan. It is however possible to enter an agreement with the financier so that the remaining payments can be financed by part of the proceeds from the car sale. An extra interest payment may be charged for that.
Can someone else pay child support payments in Texas?
A volunteer can pay your child support payments for you but you should make certain you still have proof of payment.A volunteer can pay your child support payments for you but you should make certain you still have proof of payment.A volunteer can pay your child support payments for you but you should make certain you still have proof of payment.A volunteer can pay your child support payments for you but you should make certain you still have proof of payment.
Is someone cosigns for you does it help your credit or theirs if payments are made on time?
It will be reported to the credit bureaus under both names, but will have a greater effect on the primary borrower's report. If payments are made on time, it will never indicate which party actually made the payment.
If someone hasn't paid child support for 3 years due to drug abuse and is now willing to make payments on arrears and continue current payments will they serve time in jail?
I doubt they will to jail for non-payment of child support -especially if they are willing to make payments on arrears and continue current payments. Sounds like they are starting to do the responsible thing.
Can someone lease a car and someone else make the payments?
Yes, all the bank cares about is that someone is making the payments.
Can someone repossess your car if the payment is 3 days late and it is not stated anywhere in the contract and you do have insurance and all other payments are made?
payment late?? then its NOT on time and in DEFAULT. WHAT is not stated in the contract??? No lender is going to repo a car when only one payment is 3 days late. If you have made all the payments on time and you are only 3 days late, and they repossed your car, you need to contact the lender and see what is going on. Something is not right here.
