Loans

As long as their debt to income ratio is low enough. Generally your mortgage payment should be 25-35% of your net income (what you actually bring home)

If the repossession agent can get to the vehicle without breaking anything or causing a civil disturbance, he can take it. Private, public, or government property, or who signed the loan is irrelevent.

Start -- To Whom it may concern --I am writing this letter to explain what has happened over the last few months or the last year. (whatever the time frame it may be). It started with a death in the family/layoff/disability/divorce. There were problems paying the bills because .. loss of income, hospital/dr. bills,or bills were to be pd by the x-spouse per divorce--( which by the way -- no matter what the judge or your divorce papers say, the signers on the contract are legally responsible for the debt). We got further behind, tried to catch up,or finally had to file for bankruptcy etc because the "problem" took so long to resolve. You have now paid the bills, caught up and have been paying as agreed for some time or been out of bankruptcy with some open credit for two yrs now. End the letter, with something like- you have been very bothered by everything that has happened. You can tell by the credit report that I/we were always current before the incident. You really want the house and you feel that the "above problem" won't be a problem any more. We have tried to/or made amends and you hope that this will be taken in consideration. Do not make this a long letter--typed, use the spell check, no more than a page, if hand written--print it so it can be read and no more than 2 pages. Any longer and the underwriter will not read all of it or care and you do want them to read it and care enough to try and make the loan happen. Put together your thoughts 1st.-- write in 1. 2. 3. some you get in all in order and not forgetting something that you do remember and are adding to the end of the letter. quick example-- 1. went on disability 2. lost job 3. had to wait for disability to start-- 4. took longer than we thought-paperwork problems 5. Medical bills started coming 6. bills started piling up--hard to pay the bills with utilities twice what we were use to paying. a. (never say mortgage or rent unless they weren't paid and are showing up on credit) Then throughly explain why. 3. We separated and then got divorce--eveything got nasty. Other spouse was to pay part of the bills and didn't-- 4. Income never the same -- alot lower than what I was making 5. income is now better. 6. I finally got disability--or finally able to go back to work. 7. better paying job-- 8. We slowly got everything paid or up to date. 9. Took a while but we did it. 6. end letter with you hope to get loan (as I stated above) Can call me if you have any questions. Look in the bio for inf.

As long as the normal car payment is made monthly, you can pay any extra payment/s a month. When the normal payment is made, the interest that was due--was paid--any more money paid either at the same time or later will go to the principal. Of course, to make sure -- mark your statement that this is a principal pmt or when you make the payment at the bank, tell the teller.

If you are over 59 1/2 you can withdraw money from your 401k for any reason.

If you are under 59 1/2 you can take a loan on the 401k in most cases.

Ask your 401k administrator about this.

Also, if you were thinking about taking a hardship withdraw to pay off your second mortgage, that isn't allowed. In terms of your house, hardship withdraws are only available to purchase a primary residence or to prevent eviction or foreclosure on your primary residence.

I don't believe you do. You will pay income taxes when you sell the house--this is called capital gains.

Yes surely you can get another.

I was having the same query so I searched for it on net and came across the site AutoFinance-EZ.

Interest rates are determined by the actual lenders and are influenced by several factors, including the severity of credit problems, the amount of down payment, and the degree of credit risk. Your auto loan expert will explain these factors, and tell you exactly what your interest rate will be.

If you are not satisfied by the deal you are getting for a second loan on your car, try looking for a payday loan.

No. No. A co-signer on a loan does not have to reside at the same residence as the primary borrower. Once the co-signer signs for the primary borrower; he or she is as liable as the primary borrower. As far as where the co-signer resides is up to the company providing the loan proceeds. Example: parent co-signing for a collge loan for their child who lives or attends school in another state.

You apply for a loan amount using the car as security. BUT most lenders will not go too much over the value of the car if they do at all. So your car would either be free and clear or it's value would have to exceed the amount you want to borrow. Alot depends on the lender--best shot is your own bank or credit union that you do business with.

The seller holds a 2nd mortgage in lieu of getting the money from the buyer at close-- that way a buyer can have a partial down payment and a lower first mortgage. Ex. house sold for $100,000, 1st mortgage is $80,000, buyer has $10,000+ closing costs, seller holds a 2nd for $10,000 which the buyer has promised to pay back. At the end of the close, the attorney's have the buyers sign a promissory note and a mortgage note for the sellers. Then per the promissory note, the sellers get a payment every month or a payment every month with a lump sum in a year or two's time. When the buyers pay the sellers off, the sellers will give them a "satisfaction of mortgage" paper that has to be filed at the county court house. This will leave only the 1st mortgage on the property. I do have to say that all this has to be disclosed to the 1st lender and can be turned down by the 1st lender. This has to be disclosed because the buyers have to show that they can afford both payments on the house and the rest of their debt load.

Generally speaking, they can only change your due date so it benefits you - such as later than originally agreed. This may be the case if your due date falls on a holiday. Check your loan documentation for specifics, but you shouldn't be held accountable if the date was changed without making any effort to give you advance notice of the change.

Hi, i had problem getting a loan from my bank.until i was introduced to REV.JOHN,a man of God whom God used to bless and change my life today. feel free to contact him today at revjohnloanfirm@gmail.com. consider your loan and financial problem solved as you take the right decision."congratulations in advance" remain blessed IN JESUS NAME.AMEN

Depends-GENERALLY-The older the debt the less it will help your credit score. When lenders look at you credit history, they look over the entire 7-10 yrs on it not just the last 6-7 months. But remeber, lenders are typically very interested in your debt/income ratio and paying off old accts may help in that area considerably.

Yes, they are generally referred to as first to die policies. Obvioulsy both persons must be insured. Please note these may or may not be the best thing for you! 4lifeguild

If the previous payments have been paid on due dates and not late. Paying each note on time is the greatest factor in credit scores. No, do not pay it off early. It looks better on your credit score if you pay it off by the deadline. Tip: Always pay a little more than the minimum payment.

Any type of monetary loan agreement you enter into makes you liable to the terms you signed on for. The car being repossessed is not a good thing. More than likely they will report you to the 3 top credit agencies and a mark will be on there in a number depiction to indicate how many times, months and amount defaulted on. You will likely have problems getting decent credit in the future with low rates and dont be surprised if your turned down for any credit, either. Well, this is my advice, create a budget for your finances, stick to it, live within your means, pay for items cash so you dont create more credit and see if there are any seminars in your area for financial planning or how to live moderately.

You calculate APR based on your credit score, loan size and term of loan. Typically the shorter the loan life the lower APR you will get .

Annual Percentage Rate

APR (Annual Percentage Rate) is a standardized term used to compare loans, mortgage loans and credit card rates. It is a compilation of the compound interest, finance charges and lender fees calculated annually. For more detailed information and to use an APR calculator visit the link in related links.

If you knowingly let someone with no license drive your car, not only are you liable if he has a wreck. You could loose your license if he just gets pulled over for a bad tail light!

While you are addressing this as a personal matter (between friends), rather than a formal business one, I'm not sure that any real division in the tax rules could be made. Its really more a business transaction between friends. As such: Loans/Borrowings are NOT taxable to you as the recipient. You exchange your promise to repay for the sum received. Your actually worth no more after receiving the loan than before. The increase in your cash assets is offset by the increase in your liabilty to repay. So, if a bank gives you a loan for any reason, say to buy a car or hosue, that isn't income when received. You have an increased liability to repay it. However, if the amount is just given to you, or a loan that you then fail to repay or is cancelled (essentially becoming the same as being given to you), YES that is income to you and reportable as such. So if you don't repay the loan from the bank mentioned above, (and you can see how that is basically enriching yourself at their expense, similar to stealing), the amount you 'get away' with is income. (Similarly, money you get from robbing a bank is taxble income). The givor may have a bad debt deduction, or casualty loss, or business expense. I say may because there would have to be several qualifications reached for that to be true, including that it was undertaken as a business (for profit motive), by the givor, etc.

Sure can....It's even easier than getting one before a Chapter 7. Their called Day 1 after Bankruptcy loans. Surpisingly, your credit scores are pretty decent after the discharge. The creditors also know that you can't file again for several years, so they don't have to worry about you running back to the courts for help. The interest rates run about 6%...again, better than you would have gotten prior to the Chapter 7...

There are 2 types of credit "hits". A hard credit check in which the"loan" company inquires about you to all the 3 major bureau"s . This type of credit check takes away 4 points or so ( points that take months to get back if you always pay existing loans or cards on time ). A "hard" check is necessary when applying for personal loans, mortages, major credit cards ect. A "soft" hit tkes away 2 or 3 points. A retail store credit card, a gas station card , a cell phone account, ect ect. I also found out that NOT applying for any credit ups your score by a few points every quarter.( hey; you don"t even have to do anything). If you don"t pay your existing cards on time that negatively affects your score by a few points. I do know for sure that if you want any kind of a personal loan in the future with a decent interest rate, you must have the "points" to back you up. Anything less than 600 and you will be paying a "loanshark" for years. (this is true for Canada)

The "someone else" needs to apply for a loan to pay off your car loan. With your loan paid off, you can sign the title over showing it free & clear. Don't sign off on the title until you know the loan is paid--or you could find that you no longer own the car but still have a loan to pay.

There are only 2 states where the statute of limitations is the longest--15 yrs., Ohio and Kentucky. Either way--the time starts when the last payment/sale of the car amt. was applied to the balance. Make sure your time limit is up when you call your Attorney General in your area. Have the name of the company, phone number and the name of the collector/s for the Attorney General Check the following link for your state's statute of limitations http://www.bankrate.com/brm/news/cc/20040116b1.asp?print=on I Would Contact Your County Attorney About This. Sounds Like The Sham Artists Are Out Again. I`m Almost Sure In No Way You Are. But For All Concerened, This Needs To Be Made Known. Call The County Attorney Give Him The Facts And The Person`s Name That Has Called.

You have the title company write up a "quit-claim deed" for the property. You need to sign it and then the person you want off the loan has to sign it (but they MUST have it notarized), then it can be mailed back to the title company for completion.