A finance company could settle the auto loan. You simply need to get in touch with the company and make an offer. Be sure to get any agreement in writing.
Yes, it is possible to pay off someone else's car loan by providing the lender with the necessary funds to settle the remaining balance on the loan.
Happy Birthday!
In the US, if the student loan is Federally Guaranteed then the answer is no. The Dept of Ed. and it's collection agencies will not negotiate or settle a debt. If the student loans are private, then the answer is yes. If you need help with your defaulted student loans, the company listed at the bottom of this text box can help you.
dear sir, please be kind enguh to bebited outstanding amount from my savings account number xxx and settle the peronal loan under my name
No you cannot settle student loan debt for less than what you owe. Student loans are federally backed, and will find that student loan lenders will not settle for less than the principal balance that you owe them. The best they can do is offer a deffered payment plan or a forbearance.
The Department of Education can provide assistance when looking to settle a student loan debt. They can terminate or suspend loans. www.studentloanborrowerassistance.org
A finance company could settle the auto loan. You simply need to get in touch with the company and make an offer. Be sure to get any agreement in writing.
Yes, it is possible to pay off someone else's car loan by providing the lender with the necessary funds to settle the remaining balance on the loan.
Happy Birthday!
better to settle with creditor first
Pay what is in arrears and/or pay off the loan. Talk to the lender ... in some circumstances, they may be able to help you refinance the loan (but the interest rate could be higher as you are now an "at risk" borrower).
The estate has to settle the loan, which may be done by selling it to you and using the money to pay off the loan.
In the US, if the student loan is Federally Guaranteed then the answer is no. The Dept of Ed. and it's collection agencies will not negotiate or settle a debt. If the student loans are private, then the answer is yes. If you need help with your defaulted student loans, the company listed at the bottom of this text box can help you.
The estate has to settle the title. The secondary person can be held responsible for the loan until it is resolved.
A consolidation loan program for Federal student loans allows one to take out one large loan to settle all outstanding Federal student loans. This may allow one to have only one loan and debt repayment to worry about.
Make them a REASONABLE offer. All they can do is say no.