Loans

Yes.

How many times can the loan be sold to other companys in a year

Some banks may take that risk, with that much money down, do not use the one's on the TV you are asking for trouble if you do not pay them, Banks seldom want to foreclose, but I can't see them passing up that much of a downpayment. It don't hurt to try.

Believe it or not it sure can. NEVER go into a banking institution on a Monday or Friday. People tend to be more grouchy as employees or people with the power to loan money on Monday because there is a full week ahead and usually work to be caught up on after the weekend. Fridays are hectic to tie up business before the weekend comes. When you sit down with the loans officer be sure you act mature and don't be afraid to admit you over-extended yourself without realizing it. DON'T LIE! They know a lot more about your credit rating than you do. Smile, be pleasant and mean what you say. Let them know you are making a great effort to get yourself out of debt. Good luck

Yes, I agree with the answer below but here is some help hopefully. You are now the collector: Send them a letter--in the left corner of the envelope put your address and add "Fordwarding service requested"--maybe you will get lucky and get a copy of their new forwarding address. Go to motor vehicles department and see if the registration is being kept up in your state. You might get a new address. Check with their friends, and family to see if anyone will give you some information. Ask for a copy of the application from the lender--you will then have their social security numbers, maybe a reference with an address or phone number you can reach. If they rented- go see the manager or contact the owner- see if they left a forwarding address. Tell them you are skip tracing --NOTHING MORE!!. See if they will give you any information- like a reference, where they worked etc off the application they had. Talk to a neighbor--just say you are looking for them--do they have any idea where they might have gone!! Call or go by where they worked--see if they have a change of address for that last paycheck. Lastly google their names--see what you can find. If you have one of the social security numbers and it means a whole lot to you--use one of the search services--looking for class mates--white pages etc. This will cost you but...you might find them. AGAIN you can only tell people you are looking for them--it is very important you get a hold of them--leave your name and phone number if you think that whoever you are talking to knows how to reach them. Don't blow it by scaring away the information you could get. Good luck in your search!! Unfortunately, you are bound by the contract you signed and are therefore financially responsible. Nothing will change that. If your name appears on the title for the car (it must read 'joe smith AND bob jones', not 'joe smith OR bob jones'), you have a right to it and can report it as stolen. If, however, your name is not on the title, the car isn't your property. It a very expensive lesson.

The only viable option would be to discuss the matter with the lender and hope that an equitable agreement can be made. In lieu of such, the petitioner should contact the BK trustee to find out if the Chapter 13 can be modified.

Obtain legal help immediately. *That decision is not made by the lender, but rather by the laws of the state in which the property is located.

pa Late fee's accrue after 5-10 days... however, it is reported to the credit bureau if it is 30 days late. It depends upon the terms of the mortgage, many lenders allow a grace period before assessing delinquent penalties.

Your credit score could be adversely affected by using 2nd tier lending sources, such as finance companies for loans. If you successfully repay the loan and it reflects as a positive account, it will not generally reduce your score, but it may not provide much of a boost either. If you do miss a payment, it substantially reduces your score.

Using finance companies is a signal to credit bureaus that you are either unable to obtain a traditional mainstream loan or that you are making a bad choice. Your credit scores will generally drop when obtaining finance loans.

You should call the police and let them know.

Returning the car to the lender will not relieve the borrower of the legal responsibility to pay the debt. The balance of the loan and any additional fees is still owed on the vehicle and is valid and collectible.

Most lenders require that and include that requirement in the loan agreement papers that you signed. Failure to keep the insurance current can result in either lender initiated insurance which will be far more expensive and won't cover liability, or it can result in the loan being "called in" and the car sold at auction. Check your contract to determine which option the bank selected.

The lender is watching out for himself in these situations and, this is not to protect you interests. What should have been added though was that if the vehicle is "called in" and sold at auction, you are responsible for the difference of what was obtained at auction and what you owe on the car.

Let's say at auction they get $700 at the auction for the car, and you owe $4,000 on it, you are responsible for the $3,300.00 and whatever fees are associated with the sale.

You are best off for your interest to carry full coverage.

Yes.

if you obtain a credit card with a high limit it will not affect your credit as long as the card is in good standings .. however if the card is maxed out it could affect your credit score wich will intern stop you from getting a loan. although it may not stop you from getting your loan but it will affect your interst rates

This is a complicated question. It is a yes and no answer but I will try. If this is your only piece of credit then you need to pay on this as long as possible. If you have too much credit and you can pay off the loan early then do so. One last one--if the car loan is with a finance company (beneficial, household, personal finance etc) then pay it off as soon as possible because a finance company on your credit does not help your scores, they hurt your scores!!

Yes, but it's not always that simple. While it's easy for a finance company to come and repossess your vehicle for being 30 days late, the courts don't always agree with that action. For example, if you've been paying on your vehicle for some time and you get behind, if you have continual contact with the finance company and all of your contact information is correct, court may rule that the finance company had no reason to assume a material breach of contract for a default of 30 days. However, if you avoid contact with them (won't answer your phone), your address is incorrect, and/or you're still pretty early in your agreement, courts will most likely see it as a material breach. Unless your contract or state law says otherwise, you also have the right pick up where you defaulted (by paying the defaulted amount in full) on your loan and you're not forced to pay the entire amount of the loan.

Furthermore, you should keep in mind that, in states that have adopted the Uniform Commercial Code [UCC], after you pay 60% of the balance of your loan, a repossession and disposal (resale) is no longer beneficial for the finance company because the resale of the vehicle would satisfy the debt (so they couldn't come after you for the remaining balance) and any remaining funds from the sale, minus reasonable charges, is required to be paid to the consumer.

Most respectable finance companies/banks will not repossess a security interest until

it is easily provable in court that they had reason to believe a material breach of contract. However, "buy here, pay here" type places tend to be a little looser with their rules, but typically end up paying for it when they do get sued for doing so.

yes

Check inside your homeowners policy. Some companies let you and others will get really annoyed with you and possibly cancel your policy. When you first made the claim you must have gotten estimate for how much the work will cost and that's how they come up with the amount to give you in a check. Now if you go and do the work your self at half the cost then you make out on the deal and I don't know any insurance company that likes that . I would err on the side of caution on this one and look in the policy and or call them and honestly ask.

Probably greatly. I'm sure if your personal credit is not good, that will also influence lenders on their decision to give you a small businees loan or not.

You have some rights to inherit your fathers property - if it is his property and in his name - and the girlfriend may have part ownership or should have if she has been paying on it. See a lawyer. * When a person dies without a will the deceased property and asssets are distributed in accordance with the state's probate succession laws. Ownership is real property is determined by how the property is titled the names on the mortgage agreement only indicate who is responsible for the debt. The wording of the property deed determines whether or not the property is subject to probate procedure and partitioning.

First determine how much the house is worth and the balance of the mortgage; subtract one from the other to determine the equity. Divide this by 2, and this should be what one has to pay the other. Have an attorney do a quit-claim deed--in which one person giving the house over to the another for a certain dollar amount. (So if the house is worth $100,000 and the balance on the mortgage is $75,000, then the equity to be divided between the two should be $25,000 or $12,500 a piece. If a mortgage was done with no money down, only closing costs and it is within the year of buying--(no big improvments made), then you would divide what was paid in closing costs by two of you. NOW, my question to you is---Did you both sign on the loan?? If you both signed, then whoever is keeping the house has to refinance the mortgage. The existing loan with both signers has to be paid off--otherwise both signers will still be responsible for the mortgage. The lender WILL NOT remove anyone off the papers because you say so even if you have a quit-claim deed. The loan has to be paid off.

Yes, as long as there is enough income to support the payment. If you as a student do not have any income, the other person will have to prove the income to support the new mortgage payment, any loans (car,/student loans), credit cards in both names and the taxes & hazard insurance.

A reaffirmed mortgage is one that was included in a bankruptcy but the homeowners get to keep the home instead of losing it back to the bank. The payments and length of loan may be adjusted.

You Will Have To Refinance To Add Her To The Mortage And Deed. The lien does not have to be refinanced in order to add someone to the title. A "Quit-Claim" deed will need to be filed to add (or subtract) someone from title. Any local title/settlement agency should be able to assist you with this for a fee. The current lien holder will not know about the addition of any persons to title and, technically, in the event of death the lien can be continued to be repaid (by your mother) without refiancing. * Please be advised Quitclaim deeds do not assure a warranty or covenant of ownership to the property. If the involved parties wish to assure that the property will be protected from probate and other action (such as creditors) upon the death of one of the owners, a warranty/general deed is the best option, preferably as Joint Tenants With Rights Of Surviviorship. It is usually not necessary to inform the lender as the property is secured collateral for the debt owed and the remaining deed holder's are responsible for the debt or reaffirmation of the lending contract to prevent foreclosure on the property.

You should find a good Mortgage Broker, they have access to more mortgage options than a bank does. Check the National Association of Mortgage Brokers for information on you local state chapter. Call around!