Loans

That would depend on the interest rate you got at the time of negotiating the loan. You don't say what the loan is for, but if it is for a car, try and negotiate your own loan with a bank, rather than go through the auto place's financing company. You'll get a better deal.

80%

Good freaking luck. I've got a principle balance of 3.47 left on my loan and I've been trying to pay it off for 2 months now. Their website won't let me make a payoff payment. Their customer support staff are giving me incorrect information. Their payoff department has rejected my payment check.

Just think about it........!

If the borrower paid the MI premium, and the resulting APR increased in order to reflect the true cost of credit, then it no longer matters which party makes the payment because the premium in and of itself is the cause of the increase in APR.

Remember that the lender paid MI is an insurance policy purchased in order help the lender ensure a certain minimum recovery rate, thereby enabling the lender to loan monies at a rate of interest normally attributable to transaction with relatively less risk; therefore, the MI, irrespective of type and payment origination, is in effect no different than charging points.

No, they did not.

If you mean does private mortgage insurance remain payable for the lifetime of the mortgage, no. Once you've paid in 20% you start to become entitled to release it and at 22% in, it's supposed to be automatically released. There are some possible bumps, but there's a good little summary at:

http://www.mortgagesfinancingandcredit.org/mortgages/private-mortgage-insurance/pmi-cancellation-termination1.htm

Financial aid can come from federal, state and private sources. Aid is provided to individual students on the basis of two distinctive qualifications, which are usually expressed in terms of need-based aid and merit-based aid.

Need-Based Aid

This type of financial aid is awarded based on demonstrated financial need. A student’s family demonstrates financial need by providing the school with financial documents and applications like the Free Application for Federal Student Aid, or FAFSA. The need is calculated by taking the total list of expenses and subtracting available financial resources. The remaining amount is the primary requirement for need-based aid, although sometimes other qualifications apply.

Merit-Based Aid

Students with exceptional academic achievements or other qualities like leadership or athletic ability can qualify for merit-based aid. Merit-based aid usually comes in the form of grants or scholarships. Competition for this type of financial aid can be fierce, since merit-based aid usually does not have to be paid back by the student.

How Aid is Awarded

Financial aid whether need-based or merit-based comes is awarded in three ways: grants and scholarships, loans and work-study programs.

A grant is a lump sum of money paid to the school towards the expenses of a particular student. A scholarship works like a grant, except scholarship funds are typically much larger than grants and they pay for all of the students’ undergraduate expenses. Neither of these types of aid has to be repaid.

Student loans are the most notorious type of financial aid because of stories of graduating students being saddled with massive amounts of debt. Loans are usually advanced under need-based financial aid. The good news is that need-based loans usually have lower interest rates because some loans are subsidized by the federal government. If the student carries other kinds of loans, such as private loans, the accrued interest will have to be paid back by the student.

Work-study programs can be awarded on the basis of need, just like grants can. Work-study programs involve the student getting hired for a job on campus, and the salary the student earns from that job goes towards paying college expenses. The key to remember is that the salary usually has to be applied to college expenses in order for the student to qualify.

A Chapter 13 bankruptcy puts the entire debt collection process on hold to give the filers time to work out a court-approved repayment plan for a portion of their debts.

Thus, because the process is on hold, a loan modification can not be enacted while a mortgage is currently under the supervision of the Chapter 13 trustee.

However, it is possible to negotiate a modification of a loan with the mortgage lender during the bankruptcy. But it will be necessary to have the bankruptcy case voluntarily dismissed before the modification can be finalized and put into effect. Banks may not be willing to negotiate with the borrowers under the circumstances of a Chapter 13, though.

If you default on your loan, the cosigner is stuck with paying it off. If your credit had been any good in the first place, you would not have needed a cosigner.

Type your answer here... what are the various step to be taken by commercial bank in gannting working capital loan to a business firm ?

If its just the loan, then the line of credit will end after 7 years of the final payment. Same with bad payment info. But Credit score will not change unless newer lines of credit have been opened and made good/worse.

A work share mortgage is when more than one title company prepares the title.

How do you get out of a second mortgage when the house has been sold on a short sale?

The lender's name is recited first in the discharge. As to the mortgagors, it doesn't matter whose name goes first. The important information consists of: the names of all the parties, the date of the mortgage and the recording information. If the mortgage was assigned, the original mortgagee should be recited and the authority of the discharging assignee should be recited by showing the chain of record title from the original mortgagee to the discharging mortgagee.

Without a credit history and a co-signer, you may find it very difficult (really impossible in this environment) to get a traditional loan.

I would recommend, if at all possible, to borrow money from friends and/or family if the loan you need is not large since the following options are not ones that I would want someone to use:

* If the amount that you need is a small amount (less than $1,500), you only need that money for a short period of time (a few weeks), and you have a job with verifiable income (your paystubs will usually do), you may consider a payday loan. Though the fees are quite high, you do not need a credit history or co-signer to get the money.

* Alternatively, if you own your car outright (have title), need a larger loan (which will depend on the effective value of your car), need the money for a relatively short period of time (a month or two), and you have a job with verifiable income (paystubs again), you may consider an auto title loan. The fees are lower than that of payday loans and credit histories are not needed, however, if you don't pay back the money, you will lose your car.

Generally, payday loan companies will have different net income criteria, but there are definitely ones with limits as low as $334.00 per pay period. The loaning limits are usually set by a percentage of your net, between 30% and 50%. On a net income of $800.00 you could probably find a payday loan for between 2 and 4 hundred dollars.

Risk of loan can be increased by your budget for instance not having proper and effective budget planning

most cases no.. the company will write it off to the IRS as cancel credit/debt..

Then you will become responsible for taxes on the balance owed. Which the IRS will send you a 1099-C If you ever receive one paid it in full, interest and plenty fee will apply after a due date..

Interest is the money banks get in exchange for lending money. The more "safe" loans they make, the more money they make. This helps keep bank investors happy.

A loan at 0% offers the bank zero incentive for lending money.

If it was a federal student loan, then yes, the collections agency could take your income tax return money. If it was a non-federal loan, then they would not be able. Secondly, federal student loans are can not be discharged, the US always gets paid even when laws are created for private businesses that disallow the same right of collections.

There is a program that can help you and the others. I think the company is Freedom USA Investing and they help people with underwater mortgages. They are able to put equity back in the property. The website is "refinanceunderwatermortgagehelp" {dot} com.

The program is able help 99.9% of the people who are underwater and can put the equity back into their property. Nothing like the government programs. Which they have you jump through a bunch of hoops only to tell you, you dont qualify.

http://www.refinanceunderwatermortgagehelp.com

Check it out. you got nothing to lose. It might be able to help you and others.

Take care,

no you can not. contact the department or company that your defaulted student loans are located at. some have a repayment/rehabilitation plan. When you complete this you can go back to school. best of luck!