You will be reported to ALL 3 credit agencies, and reported to chexsystems. You will most likely be unable to open any new loans or bank accounts.. including savings accounts, debit cards, credit cards, etc.
BOTH
Only if the two loans were "cross-collateralizied".
The house has to be put up for sale and the profit will be divided between the children. You may also let the bank repossess the house if it has little value.
Yes, you can let them repo the car. NO, that wont be the end of it. YES. they have other legal options.
Yes, you can have as many credit cards from one bank as they will let you. It all depends on what your credit score will let you get. It would be better to get a higher credit limit though then have multiple credit cards to keep track of.
Contact the lender and let them knoiw that if ANY case the debtor defaults to notify you so you can payoff the loan. Add that you will payoff after repo with NO repo reported on YOUR credit.
please let me know if you can use your credit card instead of you bank accounnt when necesdsary. please leave the answer at bobbiejanec@sbcglobal.net
Sure. Just let the bank know where you're moving to and keep up the payments or they'll default the loan and repo the vehicle. (Repossess) That'll cause you serious credit problems and loss of vehicle that you still have to pay for. The bank will track the vehicle by the VIN (Vehicle Identification Number) and you'll end up with more headaches then the car is worth.
Any bank or credit union will be happy to let you rent a safety deposit box until you are ready to sell the gold.
Do you want the mobile home? If yes then you must pay. If not, then let the bank come and repossess it.
There are two credit card companies that'll let you pre qualify: Bank of America and American Express. Both credit card companies also give no annual fee nor interests.
If you default on your mortgage and go into foreclosure, the bank can seize your house. The consequences are that this is a horrible thing to have on your credit record; it will make it very hard for you to get credit for years to come, and any credit you do get will cost you far more because you'll be offered terrible interest rates. You'll be better off if you can sell your house than if you let the bank take it.