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In most cases a waiver has to be signed that states the spouse will not be responsible. This is especially true for credit cards. If you have signed a statement in contract that states in case of death... it depends on what it states; responsible or not responsible, again it is all in the fine print. There may be a waiver on a loan if the spouse had no knowledge of said loan if loan was signed into being prior to a wedding date.
What else can I help you with?
Can spouses consolidate student loans together?
Yes, spouses can consolidate their student loans together through a process called spousal consolidation. This allows them to combine their individual loans into a single loan with a single monthly payment.
Is a wife responsible for a husband's student loans in a divorce in PA?
no she cant be because she did not take out the loans out
What happens to loans when a bank fails?
When a bank fails, loans are typically transferred to another financial institution or a government agency. Borrowers are still responsible for repaying their loans, but the terms and conditions may change.
What loans were partially responsible for the home mortgage crisis during the 2000s?
Sub-prime
What happens to loans if a bank collapses?
If a bank collapses, loans are typically transferred to another financial institution or a government agency for collection. Borrowers are still responsible for repaying their loans, but the process may be managed by a different entity.
Are you responsible for spouses federal school loan if he dies?
In general, federal student loans are not passed on to spouses after death. If the borrower dies, federal student loans are typically discharged, meaning the debt is forgiven and does not need to be repaid by the spouse. However, this can depend on the type of loan and the specifics of the situation, so it's advisable to check with the loan servicer for detailed information. Additionally, private loans may have different terms and conditions regarding death and responsibility for repayment.
Can spouses consolidate student loans together?
Yes, spouses can consolidate their student loans together through a process called spousal consolidation. This allows them to combine their individual loans into a single loan with a single monthly payment.
Both your husband and you have student loans will you be responsible for his in a divorce?
Federally Guaranteed student loans are linked to the borrower by their social security number. Only the person listed on the loan by SS# is obligated to repay the loan, not spouses, parents, children, or anyone else.
If spouse is not responsible for student loans acquired before marriage why do they ask for his information?
They are not responsible, but they will consider the spouses income as part of your ability to pay and determine your monthly payments (if on some kind of repayment program) according to your total family income.
When you get married are you legally responsible for her school loans?
If the her is your wife you are responsible for school loans and any other loans as well.
Who is responsible for the bank loans after the death of ones husband?
Normally a surviving wife will inherit both the assets and liabilities of her husband, including bank loans. Marriage is an economic partnership.
Who is responsible for a deceased parent's bank loans?
The parent's estate is responsible for the loans. If there are no cash assets to pay the loans the lenders will take the property such as real estate or a vehicle.
Is a First Federal Bank of California bank responsible for lies told by the brokers they allow to sell their loans?
Only if you have proof beyond the shadow of a doubt that they lied and the broker was an employee and not a subcontractor.
Which level of government is responsible for regulating USA payday loans?
There are two levels of government responsible for regulating payday loans. These forms of loans are regulated by the federal and state levels of government.
If there is no money in a person's estate that has passed away do their loans that are unsecured have to be paid?
The estate is responsible for the debts of the deceased. The creditors should be notified of the death but they are out of luck is there are no assets.
Is a wife responsible for a husband's student loans in a divorce in PA?
no she cant be because she did not take out the loans out
How do I protect myself from paying brother's debts after death?
You will never be responsible for his debts unless you co-signed on loans or debts. If you are the executor of his estate, then you must pay his debts out of the estate.
