Loans

North Am cons people into setting up home businesses generating morgatage applications to sell to lenders. They then upsell you into an advetisizing package to increase traffic to your web site. Overall, everything is allready done when when they first talk to you, but they make like they are putting it in place just for you, as if it's new. If you search around on the web you'll find different customers that were promised different things, that they never received. Check out pissedconsumer.com be smarter than I was, do not give any money to North Am Loans !!!!

They should since they are just as responsible for making payments as the primary.

It's possible. Lenders look at scores to access a person's credit risk level and then determine if they're qualified for a loan based on their own approval standards.

no

It is possible they could if they took you to court. Yet, if you don't pay off your loan when it is due they charge you more interest plus fees, so your debt to them grows each week/month. This is a bank owned company so they do have means to collect the debt.

Yes, they will report the late payments to the credit bureaus which will damage your credit score, and if enough payments are missed can commence a foreclosure action on the property.

yes.

when you fancy saving some money

No, that is a bad idea for several reasons.

# The type of account is responsible for 10% of the credit scoring formulas. Credit bureaus like to see a mix of accounts, especially secured installment loans such as car loans. # Mortgage lenders like to see an established positive payment history on car loans, which are an excellent predictor of a person's commitment to making on-time mortgage payments. # The personal loan would likely have a higher interest rate than the car loans, and possibly higher than what you could get on your credit card if you just ask.

To maximize your credit rating, you should continue making your on-time car loan payments while aggressively paying down any credit card balances. Getting those credit card balances below 10% of your credit limits will help you increase your credit score the most.

Not if the bank gives it their blessing that the new buyer can formally assume the obligation. usually the bank holder will have a waiver to sign to relieve responsibility of the original borrower. It can be a little tricky because most loans are packaged and sold to 'fannie Mae' and Freddie mac.

If the borrower formally assumes the note, another words the bank gives the ok to the new borrower, the bank can notify credit bureaus to delete that entry in credit report. If new buyer takes title "subject to" without the banks permission the original borrower will still show up in their credit report. because as far as the bank is concerned you are still responsible, no matter who pays the note.

You can increase your line of credit, only if your property value has improved. On mine it actually went down $25,000 because property values have plummeted. the banks have the right and flexibility to adjust either way.

annn unsa man ang answer/ annn unsa man ang answer/

my bank closed my account can i reopen the same account again

All you do is contact a local or national mortgage broker, and fillout the lending package. They can give you a pre-approved letter of credit for a certain time period.

It depends--if the 2d home is included in the deed of trust then it, too is foreclosed. If it is not included, then the 2d home is free and clear.

it would be collision insurance. Good Luck MT from BK

You can find lists of credit card plans, rates, and terms on the Internet, in personal finance magazines and online. The Federal Reserve System surveys credit card companies every six months. You'll need to get the most recent information directly from the credit card company--by phoning the company, looking on the company's web site, or reading a solicitation or application. Most consumer credit comes from banks, savings and loan institutions, credit unions, finance companies, and credit card companies. In addition, people often borrow from relatives or other individuals who may or may not be good credit sources. Often, individuals who loan money but don't have a permanent place of business may offer you loans that charge more than the legal interest rate. BEWARE! Wherever you borrow money, be sure to get a signed contract and, always read the fine print.

You could do a cash out refinance and pay of the existing mortgage and still have an open home equity line of credit on the property. You would have to make sure it makes sense and would benefit to you as equity lines are usually adjustable rate mortgages. Also it would depend on various factors such as loan to value, debt to income, credit, etc. Veronica Rodrigues Voyage Home Loans

In my opinion, they are rude, and falsely advertise to attract consumers to their site.

I received a derogatory email from the manager after inquiring about a free service that was not free at all. Then at the end of the email, they attached a confidentiality statement. A soon as I check the legality of posting it on the internet and sending it to local news station investigation programs, I will.

To sum up the email, I was personally attacked, God's name was taken in vain, and it was implied that people purchasing mobile homes are stupid.

The answer depends on when interest is calculated, how frequently payments are made, the interest rate being charged and the life time of the loan. There are a number of "interest calculators" available on the Internet that can probably show you the answer - working out the answer from scratch means you'll need to add on the interest for each payment / interest cycle over the 12 months and then you can work out the average. If your using this to calculate your interest then an accurate calculation will depened on how your interest is calculated ie. daily monthly semi-annual, or annual. The simplist answer is take the balance of the loan at the end of each month, add them together and then divide by 12

It is too late for you to sell it. The lender however will do just that. When you finance or lease a vehicle, your creditor holds important rights on the vehicle until you've made the last loan payment or fully paid off your lease obligation. These rights are established by the signed contract and by state law. If your payments are late or you default on your contract in any way, your creditor may have the right to repossess your car. Talking with Your Creditor

It is easier to try to prevent a vehicle repossession from taking place than to dispute it afterward. Contact your creditor when you realize you'll be late with a payment. Many creditors will work with you if they believe you'll be able to pay soon, even if slightly late. Sometimes you may be able to negotiate a delay in your payment or a revised schedule of payments. If you reach an agreement to modify your original contract, get it in writing to avoid questions later. Still, your creditor may refuse to accept late payments or make other changes in your contract and may demand that you return the car. By voluntarily agreeing to a repossession, you may reduce your creditor's expenses, which you would be responsible for paying. Remember that even if you return the car voluntarily, you're responsible for paying any deficiency on your credit or lease contract, and your creditor still may report the late payments and/or repossession on your credit report. Seizing the Car

In many states, your creditor has legal authority to seize your vehicle as soon as you default on your loan or lease. Because state laws differ, read your contract to find out what constitutes a "default." In most states, failing to make a payment on time or to meet your other contractual responsibilities are considered defaults. In some states, creditors are allowed on your property to seize your car without letting you know in advance. But creditors aren't usually allowed to "breach the peace" in connection with repossession. In some states, removing your car from a closed garage without your permission may constitute a breach of the peace. Creditors who breach the peace in seizing your car may have to pay you if they harm you or your property. A creditor usually can't keep or sell any personal property found inside. State laws also may require your creditor to use reasonable care to prevent others from removing your property from the repossessed car. If you find that your creditor can't account for articles left in your car, talk to an attorney about whether your state offers a right to compensation. Selling the Car

Once your creditor has repossessed your car, they may decide to sell it in either a public or private sale. In some states, your creditor must let you know what will happen to the car. For example, if a creditor chooses to sell the car at public auction, state law may require that the creditor tells you the date of the sale so that you can attend and participate in the bidding. If the vehicle is to be sold privately, you may have a right to know the date it will be sold. In either of these circumstances, you may be entitled to buy back the vehicle by paying the full amount you owe, plus any expenses connected with its repossession (such as storage and preparation for sale). In some states, the law allows you to reinstate your contract by paying the amount you owe, as well as repossession and related expenses (such as attorney fees). If you reclaim your car, you must make your payments on time and meet the terms of your reinstated or renegotiated contract to avoid another repossession. The creditor must sell a repossessed car in a "commercially reasonable manner" - according to standard custom in a particular business or an established market. The sale price might not be the highest possible price - or even what you may consider a good price. But a sale price far below fair market value may indicate that the sale was not commercially reasonable. Paying the Deficiency

A deficiency is any amount you still owe on your contract after your creditor sells the vehicle and applies the amount received to your unpaid obligation. For example, if you owe $2,500 on the car and your creditor sells the car for $1,500, the deficiency is $1,000 plus any other fees you owe under the contract, such as those related to the repossession and early termination of your lease or early payoff of your financing. In most states, a creditor who has followed the proper procedures for repossession and sale is allowed to sue you for a deficiency judgment to collect the remaining amount owed on your credit or lease contract. Depending on your state's law and other factors, if you are sued for a deficiency judgment, you should be notified of the date of the court hearing. This may be your only opportunity to present any legal defense. If your creditor breached the peace when seizing the vehicle or failed to sell the car in a commercially reasonable manner, you may have a legal defense against a deficiency judgment. An attorney will be able to tell you whether you have grounds to contest a deficiency judgment. Remember this repossession will stay on your credit for 7 years.

At any point, in which you break the promissory note in which you signed to pay back the principal and interest of your loan, they can take you to court, sue you, foreclose on you, or repossess whatever the collateral was. At any point, in which you break the promissory note in which you signed to pay back the principal and interest of your loan, they can take you to court, sue you, foreclose on you, or repossess whatever the collateral was.