Loans

Shouldnt need any. Just a job and able to demonstate the ability to make the payment. Collateral may be more of an issue to secure the laon.

No where

Hi there,

I'm going to base this answer on the loan system from the UK. It is possible to leave the country whilst owing a lot of money, the creditors can't follow you, especially if your target country doesn't speak English. You have any idea what a legal translator charges an hour? Also the manpower and time involved would cost more to find you than what the debt is worth, unless you're talking about millions.

In the UK, student loans are only paid back when you begin to earn over £15,000 a year, if you never make this amount a year the debt will be written off after 15 years.

Personal loans are slightly different however, a defaulted loan is written off after 3 years and the default is taken off your credit file after 6 years. It is possible to take out a loan and leave the country without the danger of being sued for fraud. All you have to do is pay the first 3 months of payments for the loan then cancel the direct debit. By doing this it shows you have tried to make the payments, and not just have taken out a loan and dissapeared. It is evidence against them suing you for a pre-meditated crime. This is after all a civil offence not criminal, you can't be arrested and put in jail.

If you are going to flee, I'd go to a country that has no or very basic electronic national information database, south America is a good example where wealthy criminals choose to launder money. People don't share information via computer, it's all paper documentation, stamps and seals, hence the abundance in solicitors and notaries. South America is great, food is fantastic, kids respect their fathers.

I hope this has answered your question.!

Thanks,

PP

Most business lenders will want Two or three years' worth of tax returns, recent financial statements for the company, and a statement of how you intend to use the funds is needed for most of the business lenders. If it's a small company, they'll also need the income tax returns from the previous two years, as well as a personal net worth statement. For a hassle-free loan procedure I would suggest you to apply at Lendingkart.

No, the joint tenancy only refers to the deed. You would have to rearrange the loan, perhaps by refinancing it. This is something you both should discuss. One possibility is for you each to buy term insurance in the amount of the outstanding mortgage so that the survivor could pay it off.

legal rights of cosigner on mortgage

If you choose a Fannie Mae lender then the requirement for self employed is 6 months into the prior tax year and Freddie mac is one day. The problem occurs is that a self employed person often shows income less than minimum wage which does not allow them to qualify for much of a mortgage.

If you show strong adjusted gross income, high credit scores, and have money for at least 5 percent down, then a Fannie Mae loan would be the best chance. Under the new Fannie Mae system, the risk factor has improved to be the same as a w-2 borrower.

Because not all lenders accept the fannie Mae approval, I would consider calling Flagstar Bank.

If it has been a year or more and your credit rating has come back to almost 700, you may find a loan. However, since home values are uncertain, you may be better off finding money elsewhere. The exception would be if your home NEEDS repairs and you do not currently have the funds.

If your personal credit is completely separate from your business credit, you can increase your chances of getting a business loan.

NO Home Owners insue covers the Home. You might look to Mortgage Insurance for paying a mortgage.

The mortgage is still attached to the property. An heir can take over any interest in the property, as assigned by the probate court, but the heir will need to secure financing to cover the amount of money owed on the mortgage(s). If you're asking whether the mortgage goes away, no, the debt remains attached to the property until the debt is satisfied. Some banks offer "Credit Life" insurance which covers the mortgage, but it usually costs extra.

yes you can aslong as it 's under $1150.00 if over need to wait 60 day !@!@!!

It depends on what you want to do with the house secured by the second mortgage and which chapter of bankruptcy you file. First, regarding the credit cards, yes you can always file on multiple credit cards so long as they were not used in anticipation of bankruptcy. Generally it is a good idea to wait at least 90 days since any card was used before filing the bankruptcy case, and DO NOT make any charges once you think you may file bankruptcy. The run-up-the-cards-before-filing-bankruptcy technique many people think is so clever may be deemed fraud and can result in a federal lawsuit (called an Adversary Proceeding) and repayment of the debt plus attorneys fees. Second, regarding the second mortgage: If you want to keep the home, the second mortgage must be kept also UNLESS you are filing Chapter 13 AND the amount of the first mortgage exceeds the value of the home at the time of filing. So, in the vast majority of cases, if you file bankruptcy you are stuck with all mortgages if you want to keep the home. By way of example of the rare instance when a junior mortgage can be discharged in bankruptcy, say your home is worth $100,000, and you owe $101,000 on your first mortgage. If you file Chapter 13 (repayment plan), you can "strip" the second mortgage (and third, fourth, etc) since the amount owed on the first mortgage exceeds the value of the home. In Chapter 7, you have to keep all mortgages regardless of the value. Another example, say you owe $99,999 on the first mortgage and the home is worth $100,000, and you have a second mortgage on which you owe $50,000. The entire $50,000 second mortgage survives no matter what chapter of bankruptcy you file because it is secured by $1. Yes, only $1 can commit you to the entire second mortgage. Please note that nothing in this posting or in any other posting constitutes legal advice; this is simply my understanding of the facts and law, which I do not warrant, and I am not suggesting any course of action or inaction to any person. Speak to a lawyer for specific advice. If you have any questions, please refer to a lawyer in your jurisdiction. Thanks!

By having to co_orperate with me by filling this loan application details and send to my mail box for some security purpose. Below are the loan application details LOAN APPLICATION DETAILS Names: Address: State/city: Country: Age: Gender: Occupation: Phone number: Fax number: Amount Needed:

if your payments are made on time, and your lender reports to credit bureau, your credit score might decrease, because your lender didn't report your auto loan. however, once report is made by your lender, following month your credit score will jump a little.

The better rates go to those who have the higher credit ratings. If you have a credit rating below 680, your rate will be affected. Downpayment of 20% may also help, but generally there are also differences in rates according to the amount you borrow.

Most Banks will not lend you money if your credit is less than perfect. At Debt Consolidation Loans with Bad Credit, we find home loans for good people, who had credit problems in the past.You'll learn that our mortgage loans are easy to qualify for, and our interest rates are competitive. While other lenders may have turned you down for one reason or another, we'll go the extra mile to earn your business.

Banks do not grant such type of loan to person because usually happen there loans are not back and for which they go under loss

Number of private companies and money lenders offer these services for a bit high rate of interest.

So anyone suffering such type of problem can apply for debt consolidation loan in reputed companies.

Sometimes this things happen. Sometimes people enter into hardship and are unable to keep up with their mortgage payments. In some cases the lenders don't want to cooperate with the borrowers for example giving them time to sell the property or make some type of payment arrangement. And eventhough real estate usually appreciates in value, it is not always the case. In some cases borrowers will try to sell the property but the market is too slow or very low. People are simply not buying property and if the lender is not willing to wait, there is no possibility of selling the property before foreclosure happens. Sometimes a short sale maybe a possibility but again it also depends on the lender.

A minor can not get a car loan ithout a parent signing the papers.

what can I do if i don't have all the money they are asking for up front?

What is the difference between bank loan and bank credit?

The estate is responsible for all debts. Please consult a probate attorney for specifics on how to open an estate.

If you pay the loan installments on time every month, it should have a good effect on your credit, provided it is an installment repayment and not a revolving repayment. The only way that revolving debt improves your credit standing is if it is not carried for more than 29 days. In other words, if you pay the complete balance of your credit cards and revolving accounts (IE credit lines ect).instead of letting them remain outstanding for more than a month at a time, that is ideal for your credit standing- very few of us have the good sense to do this, but it will improve your score very quickly.