Making early loan payments can benefit you by reducing the total amount of interest you pay over the life of the loan and helping you pay off the loan faster. This can save you money in the long run and improve your financial situation sooner.
One benefit of consolidating your private and federal student loans is that it would lower your monthly payments. Another benefit of consolidating student loans is that the variable interest rate on the loan can be switched to a fixed interest rate.
The most common companies that offer the option of making online payments could possibly be the same ones that you see on commercials. These would include Geico and Progressive.
When you co-sign on a loan or mortgage for someone, you are promising to make the loan payments if they can't. When someone files for bankruptcy, they are claiming that they cannot make their payments. It would stand to reason that if someone you co-signed on a mortgage for files for bankruptcy that you would then be liable for making the payments.
If you are making payments on a repo deficiency you will not have to pay income tax on the amount. You would have to pay income tax on any part of the deficiency the company wrote off or forgave. The IRS expects you to claim the forgiven amount as income on your taxes.
They can do whatever they want if you are behind, but it would be weird for them to pursue collections if you are making REGULAR payments. Call the credit card company and make arrangements.
If you weren't making your payments yes. It would only be repossessed if you weren't making your payments.
It may be if it were paid up or if you have continued making payments or you directed the dividends to make the payments for you. You would need to find the company or whoever bought them, call and ask. It's that simple.
No, they'd repossess your car.
One benefit of consolidating your private and federal student loans is that it would lower your monthly payments. Another benefit of consolidating student loans is that the variable interest rate on the loan can be switched to a fixed interest rate.
Co-borrowers would both have to agree to sell and sign the paperwork to sell a car you are making payments on. This could not legally be done by one person.
I assume you notified the mortgage company that the daughter is making the monthly mortgage payments on behalf of the mother. If that is the case, the daughter really isn't benefitting from making these payments from the credit agencies, proving mortgage history, and establishing credit on her own. Essentially, the mother would have to refinance the loan to get the daughter on the mortgage with her in order for the daughter to benefit. Even a quit claim deed would only add the daughter to the title, and the mother would ultimately be responsible for the monthly mortgage payments. I hope this information helps. Regards, Total Mortgage Services
Yes, if the payments being rendered are not in accordance with the financial agreement. It is, however, unlikely that they would take such action as it would not be in anyone's best interest.
Reverse mortgage is a loan provided to a home owner with payments provided based on home equity. The best way to benefit from this would be for a retired person or couple who might have high equity paid up with low mortgage balance. This would afford them to lower the monthly payments significantly!
The most common companies that offer the option of making online payments could possibly be the same ones that you see on commercials. These would include Geico and Progressive.
I would insure any car that I was driving or making payments on. If you are on the title then you are an owner.
No. Only the lender can "repossess" a vehicle. You need to keep making the payments to protect your own credit. It is likely you would need to bring a court action, prove you are making the payments and petition the court to order a transfer of title.
it makes it easy for the industry.