Loans

One way is to work in the Peace Corps (2 year volunteer). They reportedly see to it that 70% of your student loan is forgiven (AND they pay you an exit bonus to help you re-enter society when your term is completed). The Peace Corps also enlists, in fact often prefers older volunteers (age 55+) because of their life-experiences. That can be a big help to pre-seniors and seniors who still have some student loans hanging over their heads from years gone-by. Another way is if you have serious or recurring financial hardship, you can request a "Financial Disclosure Statement", once a year, and that will ---I believe---stop the loan from having to be paid. But you must do this once a year. If you cannot pay because of hardship however, the loan institution will be watching to see if you come into a good job or some inheritance or other forms of money / income. Call them. Talk to them directly. Get specific. From my own experience, remember: If you do not ask the right or focused question, you will not get the right or focused answer. One more way a loan can be forgiven is if you become disabled, and I don't think it has to be quite "100%", but a loan will be discharged if you are never able again to earn a living. So if you're on social security, or a VA disability pension, or some other pension given to you because you are disabled, or have psychological disabilities --that counts too. They will ask for a doctor's signature. Keep all your paperwork and examination history (it can be extremely useful).

You can purchase a home with a reverse mortgage from the get go, or wait 3 months after the purchase to handle it as a refinance. Some lenders try to make you wait a year, however FHA's requirement is 3 months once you have purchased the home.

Generally speaking a lender wouldn't be interested in refinancing your home. It would be handing you more money than the home's value and would take a loss if they need to foreclose. That doesn't make sense. You would not be a good risk.

In all the years i have owned a house, in 4 different states, i have deducted ALL of my mortgage interest for the 1st 15 years on a 30 year mortgage. Answer 2 There is a limit as the size of the mortage goes above $1.1m. check with our financial advisor

1) When you do not need a current tax deduction, a capital works better, you can take depreciation over the term of the lease. 2) You buy a appreciating asset and lease a depreciating asset, A capital lease is better with a depreciating asset. http://www.equipmentleasing101.com

Your tax number is not the same as an ss number. Somebody has got to sign for the note. Anyboby, including my dog can get a tax number.

A 1008 form is a Uniform Underwriting and Transmittal Summary. It includes (I) Borrower and Property Information, (II) Mortgage Information, (III) Underwriting Information, and (IV) Seller, Contract, an Contact Information.

This just really sounds weird. Car dealerships don't just "give" cars to groups of people. If you were the sole borrower on the contract, YOU would know it because YOU signed it and YOU have a copy of it. If the loan is in your name and the loan is in default, get the payments caught up now. The lendercan repossess the vehicle, sell it at auction, and send the bill collectors after you for the difference between what you owed on it and what they were able to get for it. If "your friends" have YOUR car, why don't you (a) go get it back or (b) report it stolen? As consumers we should be responsible for our obligations. Go do the right thing - right now.

It is up to the lender. You signed a legal agreement to pay the loan back monthly at a set rate. Anything less, and you leave yourself open to having the car repossessed. Set down with the lender and work this out.

Investment in bullet bonds can be called as bullet security investment. A bullet security does not provide intermittent payments before the due date, but paid in full on maturity. Investopedia defines bullet bonds as : " A debt instrument whose entire face value is paid at once on the maturity date. "

if i get my car repossessed, can they put a llien on the house?

If you didn't sign the mortgage and without your social security number being considered as basis for the loan the financial institution will not report for or against you. If you signed the note and mortgage, in the case of a default you will be responsible and a foreclosure will affect your credit record.

Through the Judicial system - take them to court. If the amount is small, you might consider small claims court. There, the process is informal and attorneys are not allowed. See the below link for details.

Well michael Jackson or Richard Branson couldn't do any thing back them so it a answer nobody can answer

More than likely you will get normal rates. Your credit score and debt-to-income ratio are the most important things when determining your creditworthiness and what interest rate you will get. The bankruptcy itself doesn't directly influence your interest rate, it just influences your credit score, and if your credit score is already 631 then you probably have nothing to worry about. Bankruptcy is usually a big enough factor in the credit score to affect car purchases for around 12 to 15 months after the bankruptcy case is over, and affects mortgage acquisition for about 2 years after the case is over. 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!

You cant.

You cannot refinance a property for more than it is worth.

Whether or not someone can get a loan for a car or house or anything else largely depends on their credit history. It is also the discretion of the bank whether or not you get approved. With your income though, i would see no reason why you couldn't get an auto loan. I am not sure what the minimum age is for that but if nothing else you could always get a co-signer. Sorry if this doesn't help!

Mortgage works the same as paying layaway. You put a percentage of the money down upfront, and pay a percentage of the remainder off each month to the bank plus accumulating interest.

There are other requirements for a loan besides your credit score. How much debt do you currently owe, How much do you make a year and how long have you had your job? Are you buying a house or renting and how long have you lived there? Do you own anything, have any money in a saving account, any assets? Are you married, and if so does your spouse work, do you have any dependents?

no such thing! sorry! by cosigning a loan you are gaurenteeing payment therefore you are responsible for the loan if the original signer defaults every late payment and every on-time payment effects both parties either positively or negatively

You can usually obtain an auto loan from the dealership you are purchasing from. If the establishment or private seller does not offer financing you can go to your personal bank to get an auto loan. Sometimes local credit unions will allow you to open an account with them, they usually have slightly more aggressive rates on auto loans but may require you to carry a balance with them.

I have never lived in Arizona but I am in car sales and am familiar with the law in Tennessee and Virginia and North Carolina I would imagine the law would be similar because of interstate commerce laws.

If a car gets reposessed that has a balance on it from the leinholder the leinholder has a reposibility to its shareholders to recover as much of the risk as possible. What leinholders do is take a vehicle to an auction or private sale and get the most money they can for it. If the amount owed by the individual is $12000 and the financial institution only recovers $8000 it is the responsibility of the debtor to pay the difference of $4000 plus any charges accrued to prpare the vehicle for sale such as tow truck and or auction fees. if the car gets sold for more than $12000 than the former borrower gets the difference because it is still considered their asset and debts.

From what I've read over the past few day trying to get my own car back...it depends on the state you live in.

California allows you to reinstate your loan but it's not easy. Obviously people enter this situation because of financial hardships and then they want all late payments and fees, extra $400 fee to process the repo, then towing $250, then storage up to $40 a day.

In my sad case of 8 weeks of unemployment after making nearly 6 figures included other fees we would normal just pay---now difficult and impacts the retrieval of my car... I had to pay parking tickets $400, monthly insurance $225, ironically our registration expired the same monthly $369, and the negative balance in of my joint checking account...this is disgusting and a misfortune that may be to rich for my blood.

I hate that they can do this no matter how hard you try or keep in contact. My car payment was less then 45-days late. And my rep was informed that my first paycheck for my new job was Friday, they took it 4 days before. I hate San Mateo Credit Union.