Loans

you can alwasy avoid your respondsiblity- it will take a court action on their part and a lot of phone calls from coolectors- it will remain on your trw for 7 years afterwards- of course this is your credit and will be a bad mark added on top of the repo

The difference between an unliquidated debt and a liquidated debt is this: Liquidated Debt: A debt that has an exact monetary value. Unliquidated Debt: A debt that is undisputed as to its amount, but still under the liability of the debtor. Each one of these debts has a statute of limitations to it. I believe they stand at 3 years for liquidated debt, and 6 years for unliquidated debt. These numbers are for Colorado and can change from state to state based on their rulings.

You can use FDIC Bank Find - allows you to locate FDIC-insured institutions by entering your information and you will be provided with a list of institutions http://www4.fdic.gov/IDASP/main_bankfind.asp *Answer: If you're thinking about applying for a personal loan on line be really careful. When I researched on-line mortgages all I could find were rip offs. I wouldn't be surprised if it wasn't the same for personal loans.

Yes and No... Once the vehicle is repossed you are afforded an opportunity to pay what you owe and retrieve your car... If you dont meet the requirements to satisfy the lien holder, the vehicle will go to auction. After the auction whatever is owed on the remaining balance is is the responsibility of the loan holder & or co-signer.

a big interst rate-any company will give you a card so if you have bad credit expect 28% interest attached per month paying it off

anytime you consolidate your bills or get a loan to pay them all off together it shows a down side- but if the clean sweep loan is cleared it will come off your credit history after 7 years from closeing the loan

try paying bigger chunks off one card to get interest rates down and cut the card-then start clearing another. you can also talk to the loan companies of your bills and see if they will cut you some slack or lower interst rates- some will match your payments to lower them.

of course don't be using more debt while your paying the others

If you were unable to monitor your payments based on the term of your loan and number of payments to be made, the best way to get information is to contact your bank account officer who can verify these for you. If you were required to issue post dated checks or that payments be debited from your account, then the date of the last check you issued or the last date your account was debited would indicate that you have fully paid off your loan. If you were required to make periodic payments over the counter, usually the bank will send you notice if you failed to pay an amortization for a certain period. You can also request for a certification from the bank on your fully paid loan for your records.

You can add your spouse to the mortgage by refinancing in both of your names. Your spouse does have to be credit-worthy. Check with your original lender to see if it can be done simply without a full fee for refinancing.

Mr. John Delaney is the President and CEO of Central Banc Mortgage a multi-state. He designed and implemented the first adjustable-rate program sold to the Federal National Mortgage Association. Prior to Cityfed, John served as vice president of Seafirst Mortgage Corporation of Seattle.

The stated interest rate is exactly that. If you are approved for a loan of $XXXXXX.XX at 12%, then 12% is the stated interest rate. The effective rate is the stated rate divided by how many times it will be compounded over the year, so a simple way to explain is if the interest on your loan for $XXXXXX.XX at 12% is compounded quarterly (every 3 months), then your effective interest rate would be 4%.

This might not be entirely accurate, but I am almost positive that it is. I am taking an Accounting final tomorrow where this stuff is a major portion of the test, and have been going over it for quite some time now.

Hope this helps!

If the other person has been making payments on time, then the co-signer should not have to do this.

In order to compute your current portion of a loan, there are several elements to factor in. These would include the initial loan, amount repaid, interest rates and repayment period among others.

Certainly on the loan, for property you occupy. An interest deduction is generally not allowed if the taxpayer's liability is not primary and direct.. There is an exception to this general rule that allows a taxpayer to deduct interest he pays on a mortgage if he is the legal or equitable owner of the property, even though he is not directly or personally liable on the bond or note secured by the mortgage. The effect of this exception is to permit the deduction of interest in situations when the taxpayer-borrower is not personally liable on a mortgage of property that is used as security for a loan made to the taxpayer. The Tenth Circuit has stated that the concept of equitable title to realty for this purpose is generally limited to two situations: when legal title to property is held by a trustee, in which case equitable title is said to be in the beneficiary; and when real estate has been sold under a contract for deed with legal title retained by the seller until the purchase price is totally paid, in which case its purchaser is said to be the equitable owner during the payoff period.

Those are ARMs, Adjustable Rate Mortgages which the home buyer signed up for when they took out the original loan. In order to sell homes, loans were made at very low rates (refered to now as Sub-Prime) which meant people had very low payments at first. Under the contracts, the interest rate would stay low for a fixed period of time then "adjust" to a higher rate later on. The time has passed and the rates are being adjusted up which increases the monthly payment. Many people bought homes with ARMs and planned to sell the homes before the rate increase in the contract. When they couldn't sell them, their payment went way up. It also allowed a lot of people to buy much higher priced homes than they could actually afford. Here is a bit more on it. http://www.federalreserve.gov/pubs/arms/arms_english.htm

yes they can...but it also depends on state laws too

Absolutely ... usually there is a limit of like 4 points up or down that the interest rate can fluctuate from the initial interest rate at contract signing.

Sometimes, particularly in car loans, the monthly payment can remain the same with the extra monies just tacked on to the end of the loan, meaning it will take a few months longer to satisfy the loan.

Sometimes the bank will send a letter of hardship. You indicate information about bills you pay, etc. They will readjust your mortgage but it is usually more than the original amount. They usually call it a request for hardship document.

Sometimes the bank will send a letter of hardship. You indicate information about bills you pay, etc. They will readjust your mortgage but it is usually more than the original amount. They usually call it a request for hardship document.

If you have paid more than a third of the total HP price including charges than they have to take you to court. If you've paid less than a third they can reposses it without a court order.

Google "student loans, felonies" and there is a site there that explains if a person has certain felonies that they are ineligible for a certain period of time after conviction.

It is unlikely that the mortgage company is going to endorse the check until you present an invoice for the work done on the house. In the end, it is wiser to take care of the roof since it needs repair. Honestly, fix the roof and save for the big screen TV. Even if you do the work yourself, you will have to show that the work has been done.

The majority of people borrow money at least once in their lives. Borrowing money from a lender is a process in which you agree to repay the amount plus interest over a specified period of time.

$1500/month

Depends on what insurance is being carried. Most mortgage holders require individuals to purchase insurance to cover the balance if there is less than 15 or 20% equity being held. If you aren't carrying PMI on the mortgage, you could obtain private life insurance that can be used to pay off the mortgage.

No. The real estate in question is owned by the trust. The trustee cannot use it as security for his individual mortgage.