Loans

Goodday Sir/Madam, I'm Tom Okosun from TOM FINANCE COMPANY a certified loan lender.I offer secured loans to companies,students,individuals,business men and women with soft interest rate and long term payback scheme including to those with bad credit.If interested reply via email: tomloanlender@yahoo.com Goodday Sir/Madam, I'm Tom Okosun from TOM FINANCE COMPANY a certified loan lender.I offer secured loans to companies,students,individuals,business men and women with soft interest rate and long term payback scheme including to those with bad credit.If interested reply via email: tomloanlender@yahoo.com

Look for place advertising " bad credit" "no credit" accepted. Mind you, they're not diong it out of the goodness of their heart. They're willing to take a chance on you at VERY HIGH INTEREST RATES, and if you default, they take your car in the middle of the night. Unfortunately, this is the only route for people like you, (and me). I had PERFECT credit all my life, and when my wife passed away unexpectedly, I'm in the same boat!! It sucks but if you are faithfull with your truck payments, you may be able to re-finance in a year or two......GOOD LUCK........... As noted, the consumer should use extreme caution when using these lending agencies. Such companies are referred to as "predatory lenders" and include many conditions in the lending agreement. All lenders reserve the right to repossess secured property when the borrower defaults, however lenders such as have been mentioned include clauses that allow them to circumvent the law and seize other property belonging to the borrower without due process needed.

== == NO. Why would a loan company give you money if you can't LEGALLY drive a car, of any kind?

It depends upon the personal and real property exemptions allowed under the laws of the state in which the debtor lives. In most states wage garnishment and bank account levy (including joint accounts) are possible. Other property can be protected up to the amount prescribed by law, non-exempt property that is owned by the debtor can be seized and sold by a creditor who holds a valid judgment. For homeowners the homestead exemption is the most important, in some states the primary residence is automatically protected up to a specified or unlimited amount, in other states there must be a homestead declaration on file with the county recorder's office. General information concerning exemptions can be obtained from the clerk of the circuit court in the city or county where the debtor lives. Please be advised court clerks cannot give legal advice nor comment on pending cases.

Go to The U.S. Department of Education's National Student Loan Data System (NSLDS). This site allows you to access information on loan and/or federal grant amounts, your loan status (including outstanding balances), and disbursements made. Go to www.nslds.ed.gov. When I used www.nsld.ed.gov it did give me the information once I found out what my "pin number" was. Then the pin number had to be activated before it would work on this site.

3 days after signing contract

According to my mortgage company, "no." However, the bad part is that you continue to accrue late charges and in the event you accidentally missed a payment, they don't make the standard courtesy calls. They cannot pursue the money once the BK is complete.

The most frequent cause of repossession is lack of payment on a note owed to a financing company or bank. The lender can repossess anytime after a payment is missed, but most won't start such proceeding until you've missed two or three payments. Always try to work with the lender before you get too far behind.

In the state of California, Yes.

That's why the bank required a co-signer, so that they could be protected. They didn't TRUST the primary to be able to maintain the payments. You may have to go to court to get title transferred, then just take over the payments and sell the asset yourself. This is where a lawyer might be helpful. You might also contact the lending institution and make a deal directly with them. Tell them that you'll take over the payments, but you want them to repossess the asset. If you talk to them you can often find a helpful person who is willing to give you the information that you need.

the co-signer is just as responsible for the debt as you are, hence the name "co-signer"

If you still owe on the car (whether matured or not), the bank can take it if you don't pay. It belongs to them until the loan is paid and the title is sent to you.

No matter whether you're applying for a credit card, an auto loan, or a home mortgage, your FICO or credit score, job history, income, and debt will affect how much you can borrow, what rate of interest you pay, and whether or not you get the loan.

Generally speaking, mortgage lenders consider the following when decisioning loans:

Income stability:

This can be more than your salary. If you have other verifiable income and financial assets with at least a two-year history, these will work to your advantage. Examples include investment income, social security, disability, commissions, royalties, and alimony payments.

Debt-to-Income Ratio:

Lenders traditionally prefer that your combined debt and housing expense not exceed 36% of your monthly pre-tax income. Generally that breaks down as 28% for housing expense and 8% for debt. Housing expenses include principal, interest, taxes and insurance (PITI), and can include condominium maintenance fees and home owners' association fees. Items considered in your debt calculation include credit card balances, installment loans (such as auto loans), and student loans. It's a good idea to reduce your debt as much as possible before applying for a mortgage.

Loan-to-Value Ratio:

A loan-to-value (LTV) ratio is the amount of your loan proportional to the value of your property. A lender's ideal LTV is 80%, which means you're putting 20% down and borrowing 80% of the property's value. Smaller down payments usually trigger penalties such as mandatory PITI and the lender taking, holding, and paying your annual insurance and taxes rather than you managing those funds. If coming up with a down payment is a challenge, investigate loan programs designed to help you buy a home without a lot of cash, or use gifted or borrowed funds.

Property Appraisal:

All lenders require a professional financial assessment of your property by a licensed appraiser to ensure the market value equates to the loan amount. A lender needs to know that the borrower's collateral, which includes both the property and the down payment, will be enough to recover their investment in case the borrower defaults on loan repayment. An appraisal also helps you know you're not offering too much for the property.

Credit History:

It's a good idea to check your own credit report to correct any errors. Past credit problems don't have to be an obstacle. If you can reasonably explain (and verify) hiccups in your payment history, most lenders will listen. If your FICO score is below 620 you will be considered a higher risk loan candidate and should expect to pay at least two percent more in interest on a loan than a prime borrower taking out the same loan.

I would ONLY do this if you TRUST this person.If you don't know them very well, stay away from it.You could lose all your money and the car. I hope this helps you. Mark

Yes, do not send anything to anyone who claims to have purchased the mortgage. Continue to send payments to the original mortgage company until THEY inform you otherwise. There is a scam out there where people get the mortgage information from county records then send an official looking letter. It's good for one or two mortgage payments to a mail drop and you end up being out a couple payments. Don't fall for that one. If you have any questions, contact your original mortgage company and verify the mortgage status

Call the original mortgage company. Talk to a representative directly. There should be contact information on your payment book or receipt.

The foreclosure will simply continue as it normally would have if the bankruptcy had not been filed, except for any special provision made in the order allowing the foreclosure to cotinue.

YES THEY ARE.

If you are referring to "Homeowners" insurance, the second mortgagee should be listed on the policy.

The seller assigns keeps the first mortgage in his name, the buyer makes payments to the seller to cover the first mortgage and the sellers equity. It's sometimes called "seller financing" or "land contract".

Defaulting on a personal loan can effect your credit in a negative way. The lower your credit rating, the harder it is to get a loan in the future. Loan default is a civil matter, not criminal, so there is no need to worry about any jail time being served because of it. If you take out a personal loan to purchase a car and then default on the payments, the bank can take the car from you. Which will then leave a repossession on your credit report.

Working in the collections industry I am jaded. I would say never sign for credit on a vehicle unless it's for your own car. If you get divorced you will be on that loan and also held responsible for the funds. If they can't find your spouse then your wages will be garnished. I have never financed with anyone including my husband. (except on our house which is a different story.)

Yes, a person of such age is considered a legal adult in all U.S. states and therefore can enter into legal contracts such as student loans.

Nothing. They will eventually turn all the debt over to collections. Collections agencies will not be able to find you outside the USA.

Yes, if your credit score is OK, absolutely. Waiting 2 years after it's discharged may be a requirement.

As long as your credit score is above 500 and your debt ratio isn't too high, you should be able to do that without a problem. Keep in mind that the rates on fixed mortgages are higher than those on ARM's. If you are just out of a bankrupcy, it may not be a bad idea to get into an ARM until your credit gets better.