Loans

The person's whose name is on the mortgage and who pays said mortgage is irrelevant. The issue of ownership is decided by how the property deed is titled. The partitioning of marital property can be very complicated if the issue was not resolved in the dissolution terms of the divorce, or the state default laws do not apply The only recourse might be filing a motion in the appropriate court for a partitioning of the property. It would be advisable for the party involved to obtain legal advice on the laws of the state in which the property is located before taking any action. Most attorneys offer a free or minimal fee consultation. Free attorney referral services are offered on the American Bar Association's website http://www.abanet.org

First, call that creditor and speak with them about it. Ask if they show you've paid it off. If they say no, then you need to get a copy of the proof that it was paid off (copy of the check, bank statement saying it is clear, or if the bank paid it off in the process of refinancing, then get their proof). After you have evidence, submit a copy to the creditor for review. Do not respond directly to the letter you got in the mail, it may be a new mail phishing scam. Call the creditor you have on file from your bills and confirm the letter they sent.

If it is a home equity loan, then it is much different than a credit card. You cannot increase the limit.

Yes. The mortgage note is still a legally binding contract enforceable on the estate.

If the mortgage refinace was used to pay off other debt, it my increase your score. Not sure by how much.

How many times would you like to? It is your call.

You can't just add someone to a mortgage by filling out a form or anything, you have to refinance and have them added during that process.

It is called a 'quit claim deed'. You can call any title company, they will fill the form out properly and have it recorded at the county recorders office.

The formatted letter you're looking for is the written IOU or contrat the two of you signed previous to you loaning that kind of money. However, if you didn't draw up an IOU letter, you could send a kind of demand of payment letter in which you lay out the terms upon which you both agreed and request payment. Send the letter certified return receipt so you can prove your cousin received it. Then hope he/she acknowledges the loan and payment terms in a format you can keep and bring into court, because a civil lawsuit is about the only way you can recoup your money if it's not being paid back.

If you already have a mortgage, no effect. If not, and you have made up the payment,and all other credit payments are ok, and you qualify in all other respects, not much of an effect. But if you have credit cards and are making payments, their interest rates may go up dramatically.

You'll need to find out what lending institution has taken over your student loan. Once you know who you owe to, just call them.

The interest on the second mortgage is deductible but not the home equity loan. If you could deduct the interest on the equity loan also, then you would be double dipping and the IRS doesn't like that. In every situation, one party can and the other party can deduct the interest. Someone has to pay tax on the money transfer.

Umm a personal loan from the Bank? Most Likely not. Are the credit cards written off, or are you still using them, or maxed, just not in collections. Anything to due with money they can see, even if you didnt pay your Cable bill once month, they see that. My guess is you wont get it. I have 515 score(ugh trying to get it higher at the moment), and just applied for something, and i did not get it. The people like me, so they asked if i had a co-signer. most wouldnt though. Anything above 600, you might have that chance. Goodluck though.

No. Loans from 401(k) accounts are not usually reported to credit reporting agencies, so it should not affect your credit history favorably, or negatively.

No. Paying off an installment loan early causes no increase in your score. Installment loans are opened for a set amount, with terms of repayment at a set amount. This is what (ideally) both the lender and credit scoring software are looking to see: That you understand this concept and will pay the loan back over time, on-time. That translates to no appreciable benefit for paying early. However, it is (sometimes) possible to reap monetary benefits. Most installment loans are fixed rate loans. You borrow $X at X% and will pay back the full amount regardless of when you pay. But, if you happen to obtain a compounding interest installment loan (similar to a mortgage loan), there may be significant savings in paying off early. So, while this wouldn't help your credit score in any way, it might save you some $, if you have that specific type of loan. You should be able to find out by reading your loan documents or calling your lender. You may also have a pre-payment penalty. That's another good reason to read your loan docs thoroughly.

In the eyes of the court, no minor can legally contract. Thus to be a co-signor on a loan (which is a contract to pay back borrowed money) each person must be over the age of 17. Only 18 or older may sign legal contracts.

The "13" is not refinanced as such, but you may file a motion to have it amended if circumstances have changed significantly since the orignal filing, such as a reduction in pay, loss of employment, illness, etc. The involved party should contact the BK trustee for specific information.

Chances are the finance company will take what they can get from the car at auction even 3-4 thousand at auction beats nothing.Then they can come after youfor the remainder.Even if they sell your debt to a collection agency at 40 centson the dollar that's another $2500.00 giving them roughly what $5,000.00....surebeats the alternative of giving you the car for free.

if you consolidated your student loans, generally the third credit bureau will find the information depending on which agency the student loan organization send their information directly to. you can notify the bureau directly, but, make sure the information you want them to update is accurate and favorable to you and your credit first. sometimes, what they don't know won't hurt them, see?

Fraud is any deliberataely false or misleading information given by the invoved parties. For example knowingly stating incorrect income/assets, giving false references and so forth. A very big "no-no" is attempting to use another person's SSN, this should NEVER even be considered, much less done, under any circumstances.

One way or another, the loan has to be paid off. If you trade the car in, you can get the payoff added to the amount financed on the new car.

The problem with many of the auto loans is that you get "upside down" in them quite soon. Even if you buy a newer vehicle, when you trade in your existing vehicle you will be upside down almost immediately. Pay off what you have, drive it as long as it keeps serving you well. Once it is paid off you will have some equity to put down on your next vehicle. Then you should only buy something with a 2 or 3 year note. Anything longer will put you upside down. If you can't afford the shorter note on the vehicle, don't buy it; it just means you cant afford the vehicle. The only people who really make money on those deals is the finance company. You're giving a lot of money to someone so that you can buy a vehicle that you can't really aford.

They should.You can dispute it with the credit agency.Send the credit agency a dispute letter .

That depends on the lender and how long you've gone without paying. Usually the process is that you are contacted by the dealership. Then it may be turned over to a collections agency and a lawyer. Then you may be sued for payment. If its a small private dealership and you have the car loan in your name and you're not paying for it, it's theft, after all. I'm pretty sure the dealership can't call and have you arrested but after awhile of contacting you for payment and the court trying to get you to pay, if you don't show up for court they can serve you with papers and/or have you arrested, yes. I appreciate your response, Yinzer. The situation is just an unfortunate series of events. I got the car loan at a small bad credit/no credit dealership (I have a history of unfortunate events.) I was struggling to make the payment, but remained more or less caught up. Then I moved across country with the anticipation of a better job. The better job never happened and in 4 months I have been unable to make the payment. My ultimate intention is to return the car to the dealership and face the music, but right now I am unable financially to make the trip back to the state where I came from. They are unaware of the move and I suppose that is how I have managed to avoid actual reposession until this point. I would contact them to be upfront about the situation, but they are going to want the car back and I have no way to get it back to them at this point. That's the story - thought it might help anyone else who has an answer to this question. Thanks again. You cannot be arrested for nonpayment of a car loan period.It is a civil matter between you and the lender.The police handle criminal matters.If you are stopped by the police they don't know and they don't care its not their problem. Indirectly, yes. Not for non-payment, but if the lender goes to court and gets a court order directing you to return the collateral and you still refuse, you can be jailed for contempt of court. But you must have really PO'd the lender if he will go to that trouble and expense.

Yes, Social Security CAN and WILL be garnished for defaulted student loans. Theyll take anything over 750 or 15% whichever is more. Just try getting it dismissed for disability, Its IMPOSSIBLE!! No matter how long you've been on disability!! PS They wont allow government aid like food stamps to increase to make up difference either! GOD BLESS AMERICA! I borrowed 2250 25 years ago, (BIG MISTAKE)now with collection fees its almost 10000 and they'll harass me to the grave, even making me poorer then poorest person on welfare!! I LOVE this country!! NOT!!! and NO they do not lend money to people as dirt poor as I am and have always been to refinance!! I just LOVE this country!!