Loans

it will exist in the future and the price may or may not go up Private Mortgage Insurance is needed now more than ever. For a brief time lenders were starting to offer mortages above 80% without requiring PMI. These were subprime lenders; and almost all of them are out of business now. When the economy turned bad in 2007 and homes started going into foreclosure those lenders lost everything. The PMI companies are now paying record claims due to foreclosures and it is this insurance coverage that has saved many banks from complete ruin. They will not go back to offering loans without PMI to risky borrowers. Indeed the premiums for that insurance will most likely go up. It is already harder to qualify for the insurance.

A bachelor

each one is different. There may a pre-pay penalty period. But, if your interest rate has risen rather high, maybe locking into a lower rate is worth paying the penalty.

Yes.And I would recommend leaving your spouse's name and ssn off of any paperwork

Yes, you can have as many loans at as many banks as will give you credit. "Student Loans" are simply loans that have an additional requirement that you attend school while the payment portion is deferred. Of course you will have a tough to impossible time getting a second bank to give you a loan because they would want to understand why you did not go back to the original student loan bank.

If you are due a refund for taxes filed for the 2005 tax year, that refund can be siezed to offset the student loan - and every refund after that too.

collection i believe is a company that sets you on a payment plan to make it easier for you to pay. charge off you will never beable to get credit it is paid off but you will never be able to get a loan To my knowledge, charge off means the business charged it off as a loss and collection means they are pursuing the person for the money or paying an agency to pursue the person for the money.

Just go get another car. Do not worry about that, lots of places do there own loans and you do not have to go through a bank.

Was this a total loss? The money should go to the contractor unless you have already paid him out of pocket then the money would go to you...re-imburse you only what it cost to rebuild home and only what you paid the contractor. The mortgage company pays the contractors directly to be sure that they are paid in full and not mechanics liens are on the property. Provide proof of paid in full acknowledged by the contractor and the company will then release the check to you.

There isn't much of a choice to make, if the "13" is dismissed the debtor's creditors can proceed with whatever collection action is allowed according to state laws. This generally means the repossession of secured property, foreclosure and perhaps lawsuit(s). The most the debtor can hope for is to make affordable agreements with individual creditor(s) for debt repayment. That not being possible, the debtor should become informed of their legal rights if sued, and the process needed to protect their personal and real property as established by the laws of the state of residency.

If the primary borrower defaults the cosigner can get "stuck" with a huge debt and ruined credit. A cosigner has the same legal obligation to repay a loan as does the primary borrower. In addition, a cosigner does not have property owner rights, only the debt. The real question is why would anyone agree to pay a mortgage for land they do not own. A co-signer has an equal obligation to pay the mortgage.

If you were the insured, only your name should have been on the check. Guess you are not so lucky if the banks name is one of the Payee's. Don't know why they would be unless it was a total loss and then it all would go to them as the loss payee in which case you owed them the money anyway otherwise they would not have been a loss payess. They will then give the balance after your note is paid back to you. Lucky you! You just got a bonus! 4lifeguild.com what if the check has the banks name on it also dont they have to sign off on it Thank You 4LifeGuild I will keep the outcome posted.

1 Ask them verbally to do so , if you havent already AND __________ FOLLOW THE REQUEST UP WITH A LETTER STATING THAT YOU REQUIRE THAT IT BE SIGNED AND RETURNED WITHIN 10 BUSINESS DAYS. IF THEY WONT SIGN IT ASK THAT THEIR REASON BE STATED IN WRITING , ON A COMPANY LETTERHEAD BY AN OFFICER OF THE INSURANCE AND SIGNED. -----IMPORTANT SENT THE YOUR LETTER TO THE INS CO CERTIFIED AND ANOTHER COPY FIRST CLASS, WITH VERIFICATION OF DELIVERY. REASON BEING THAT THECERTIFIED LETTER MUST BE SIGNED FOR - USUALLY THEY WILL BUT IF THEY DONT AND THE CERTIFIED LETTER IS RETURNED BUT THE FIRST CLASS LETTER ISNT YOU HAVE PROOF THAT THE FIRST CLASS LETTER WAS RECEIVED. THE POST OFFICE WILL DOCUMENT FOR YOU THAT THE FIRST CLASS LETTER WAS DELIVERED , YOU MUST KEEP THE VERIFICATION CARD THE PO GIVES YOU AND FOLLOW UP ON IT BY CALLING THE NUMBER ON THE CARD , THIS WILL TELL WHEN IT WAS DELIVERED AND THE POST OFFICE EMPLOYEE WHO DELIVERED IT WITH THE TIME ETC. 2 MOST TIMES THIS WILL KICK THEM IN THE PANTS WHEN THEY GET A CERTIFIED LETTER WITH THE REQUEST BECAUSE UNLESS THERE WAS AN OUTSANDING LIEN ON THE PROPERTY THAT HASNT BEEN CLEARED TEHY HAVE NO LEGAL RIGHT TO IMPEDE YOU FROM COLLECTING ON A LEGITIMATE CLAIM. 3 DID THEY DISPUTE THE CLAIM ? IF SO WHAT IS THE BASIS 4 IF THEYDID NOT I WOULD EXPLAIN TO THEM VERBALLY AND IN WRITING THAT THEY ARE COMMITING FRAUD BY COLLECTING PREMIUMS , AND FAILING TO PAY OUT NON DISPUTED CLAIMS, I SUGGEST THAT YOU DISCUSS IT WITH SOMEONE AT A HIGHER LEVEL THAN THE CLAIMS PERSON , BECAUSE THEY ARE JUST MOUTHPIECES ESSENTIALLY WITHOUT ANY MEASURABLE AUTHORITY. ASK TO SPEAK TO THE CLAIMS DEPT SUPERVISOR OR ASK FOR THE CORPORATE COMPLIANCE OFFICER - THAT WILL USUALLY DO THE TRICK. WHEN YOU ASK FOR THEM THEY KNOW THAT THEY PROBABLY WONT BS YOU. 5 THE ISSUE OF THE HOUSE BEING SOLD AS IS SHOULD HAVE NOTHING TO DO WITH A CLAIM. HOWEVER IF THE CLAIM IS COVERING A LIABILITY CLAIM VS. A PROPERTY DAMAGE CLAIM THEY MAY BE WAITING TO SIGN OFF IF THERE IS A PENDING SUIT AGAINST THE COMPANY OR IF THEY FEEL THEY CAN FOR SOME UNEXPLAINED REASON TO YOU THAT THEY MAY BE ABLE TO WEASEL OUT OF PAYING THE CLAIM 6 IF YOU DONT HAVE ANY LUCK WITH THOSE AREAS - ASK YOUR AGENT WHAT THE HOLDUP IS - AGAIN IN WRITING- REQUESTING A WRITTEN RESPONSE- A GOOD AGENT CAN OFTEN CLEAR UP THIS TYPE OF PROBLEM - THEY DONT WANT TO LOOSE BUSINESS - ESPECIALLY IF YOU HAVE BEEN A LONG TIME CLILENT AND YOU HAVE FRIENDS/RELATIVES WITH THE SAME AGENT - THE THREAT OF LOOSING THAT BUSINESS AND GETTING BAD MOUTHED IN THE COMMMUNITY HELPS MOVE THE POINT 7 CHECK WITH YOUR STATE INSURANCE DEPT AND FILE A COMPLAINT AGAINST THE COMPANY. GOOG LUCK

no you do not get to puchase the vehicle before it is auctioned the loan company will have tried to contact you to make the payment it would then be up to you to get the car from the other person by way of repossessing it yourself through small claims court

Be very careful with a Deed-in-Lieu....We had a VA mortgage and were only behind 15 days, but they continued to add late fees and extra costs so that it was impossible to catch up. We contacted a VA representative who told us it was better to do a Deed-in-Lieu...so we did. I sent all the information to the appropriate office 3 different times, twice with return receipt so I knew they had received it. As we thought everything was being taken care of...we were told by a friend that we were listed in the newspaper as a foreclosure. When we contacted VA and the mortgage company they said..too bad..they had already started the procedure. I told them that was not legal as we had filed a Deed-in-Lieu and all was recorded. They said they didn't care and foreclosed on us anyway. It destroyed our credit and not for only 7 years as they always state. It showed up 10yrs later and we still were turned down for credit because of it.....Good Luck but ask ALOT of questions before signing anything.

The car will be sold to satisfy part of the loan. Any money left over after paying for the repo man, and any admin costs will go toward the loan. After that, whatever is left on the note is your responsibility. You STILL have to pay off the loan unless you file bankrupcy.

Go to the individual banks, and credit unions, and talk to them.

Assuming the vehicle is repossesed and sold to satisfy the debt, you will still be responsible for any debt remaining after the sale. It all depends on whether the vehicle is worth more than the remaining debt. If you are "upside down" in the loan you are liable for the difference.

I doubt it but you can always call and ask.

Yes they can. Whomever you owe money too, sit down and start writing those letters to one or more companies you owe the money. Explain your circumstances, then send the letter(s) Registered Mail (this means someone at the Company such as the Accountant will have to sign for your letter) and be sure to keep a copy of the letters you write. Make a good effort to pay what you can afford. If you pay $10 - $20 on a credit card debt and have written the company they can't legally do anything about it. You can also have them lower their interest rates! Marcy No they cannot threaten any action whatsoever, as stipulated in the FDCPA. Any collection agency that alludes or actually threatens a consumer/debtor is subject to being fines and other penalties. Such action should be reported to the involved party's to the justice department of the state attorney general office.

Your rights are extremely limited. If you have a specific question, please repost.

The previous person who said that cannot collect after 3 years was completely incorrect; federal student loans have no statute of limitations whatsoever, and ED is still collecting on loans from the 1960s. Collectors of defaulted federal student loans will not negotiate, collectors of private student loans will negotiate.

If you have them run all of your credit checks within a fifteen day period it only counts as one hit against your credit.

Talk to the mortgage officer of the bank. The bank is interested in "having names" on the mortgage to assure the bank that the bank will be repaid for the money that it loaned. The laws of the state may have a bearing. In some states, an unmarried couple can share responsibility. In other states, they can't. Be careful when you "get too many names" on the mortgage. It leads to bickering in the event of a non payment. It complicates things when the house is to be sold and the mortgage retired. Get some legal and tax advice on this. Be careful. Mike B

Yes, the loan is not paid in full if there are unpaid lates fees

Sell it if you can. Even if you have to sell it at a loss. Let the bank know what's going on and even though they'll complain and want to make arrangments for you to pick up any of the loan that isn't satisfied, at least it will be better for your credit in the long run than if you let them repo it.