Loans

As long as you have had the loan open for 12 months and have been making timely payments it will not lower your credit score. It will actually increase your credit score to pay off early if it is an installment loan.

Well, first off, check with the Michigan Attorney General's Office for the specifics. Secondly, most states recognize the UCC (Uniform Commercial Code) which states that you cannot breach the peace during a repossession. This could include a number of different things. Basically, the agent cannot assault you, break into your home or yard or scream at you in your yard.

Depending on what lender you go to, you'll probably need a credit score of at least 540 if not higher. If debt consolidation loans are not a viable option for you, you may want to look into credit counseling services who can negotiate lower interest rates for you and can consolidate your debt.

The balance on a consolidation loan is based on the outstanding balances of your debt, not on the total amount of your revolving credit lines.

A number of things can happen based on number of different factors. You won't have the monthly car payments anymore, so you might need to modify your plan to reflect increase your plan payments because of the lower expenses. Or it might be better to convert to a Chapter 7 or dismiss the Chapter 13. Converting to a 7 would eliminated the possibility of the car lender getting a deficiency judgment after selling the car. Most people file Chapter 13 either because the want to keep property that they couldn't keep in a Chapter 7 or because they have debt that can't be discharged, so it is time to review your situatiowith a quaified bankruptcy attorney and see if you should still be in a Chapter 13.

Let assume any of the mortgage insurance firm. That is going to depend on the amount of coverage, your age, health, gender, and a few other items. It is usually better to deal with your insurance agent on this rather than the mortgage company.

If you mean do mortgage insurance, this is a product that insures the lender against default by the borrower. The rate for that product depends on the amount of the loan vs. the property value, the type of loan and the credit score of the borrower.

Here is the short answer.........No.

No lender will allow this. Lenders want you to be out of Bankruptcy.This is what I do refinance people out of bankruptcy early or arrange refinancing so that my clients can avoid bankruptcy or forclosure altogether.

that is what you must do in order to refi your mortgage regardless of the mortgage status with your bankruptcy plan

Be sure your mother has a Will. This is extremely important and here is why: When a person passes away there is usually a Will. A home, properties (monies: stocks/bonds/savings accounts, etc.) as well as contents is called an "Estate." Before any monies or properties go to the heirs left in that Will, it should go into "Probate." Probate makes sure that all personal taxes, property taxes and outstanding bills including loans are paid off from the residue of the deceased. Once that is done then whatever is left after paying these debts is the total Estate to be divided amongst the Heirs as instructed by your mother in her Will. If your mother doesn't provide this in her Will any family member can take over the mortage (providing the Heirs agree) and is a good choice even if you have to rent it out to pay the mortgage.) Of course either the Will or taking over a house after your mother passes away is good cause for lawyer intervention. Some banking institutions will supply you with a lawyer. I need not tell you to read the contract carefully. Marcy

Yes, I know of just such a case.

this is a bit difficult to answer you question seems incomplete. When you discharge out of bankruptcy that mean one of two things to me either you have completed your agreed payment schedule with the court or you have refinanced yourself out of chapter 13. Or you may be saying that your first mortgage was in default (which is foreclosure according to the banks). In any case if your first was reinstated because it was in default, and your second was or is in default and you want to save your home then yes you will have to reinstate the 2nd. The best thing to do may be a new 2nd?? Not enought specific information in your question. Your 2nd could take your home as easily as the 1st.

Now this is kind of a tricky question because if your talking about buy here pay here most don't report to the credit co. trans union,equifax etc.so chances are good it wont hurt your credit but at the same rate it wouldn't help your credit either.But beware if you screwed one bad he has every right to sue the rest of what pants you have off so be fair with whoever your dealing with and always remember to treat others as you would want to be treated.

If you have a great rate on your 1st just take out a small line of credit from your bank and pay it down as soon as possible. If it was a huge project then you need a rehab loan with is almost the same as a construction loan. Lenders will want you to refinance your first with them and then will have you get a contractor who will have to submit the signed bid and draw scedule etc. You will need an appraisal that is acceptable to the Lender. etc. etc.

Sorry to be the bearer of bad news, but yes the lender can "come after you" and they most definitely will.

In very broad terms, the judgment creditor can apply to the court for a writ of sale and have the sheriff sell the property at a public auction. The exact time line will vary by state and will depend on whether or not you are entitled to a deficiency judgment. For example, California has two different time lines. If a deficiency judgment is not available or the creditor waives the right to get a deficiency judgment, then the sheriff gives 120 days notice of levy and 20 days notice of sale. if there is the right to have a deficiency judgment, the sale occurs after 30 days but the owner has a 90-day right of redemption.

Only if the truck, boat and trailer were all behind on payments and the lien holder for all of them assigned them all out for repo. If they weren't it's called conversion.

It appears that you obtained a secured loan on your vehicle (you used your vehicle as collateral for the loan). Whether or not you were disabled at the time of the loan, you are obligated to the lender to fulfill the terms of your contract. Loan companies, banks, credit unions andpawn shops...they are all in business to make a profit. They do not care about your personal circumstances (i.e. that the vehicle is your only form of transportation). There are someorganizations known as "predatory lenders", that is, theywill underwrite a loan knowing that the borrower will probably NOT fulfill the terms of the contract. When the borrower defaults, they initiate foreclosure (in the case of real property) or repossession (if the property is a vehicle). Either way, they win. If you are having a problem making the payments, stay in communication with the lender. The mistake many people make is to hope that the situation will just "go away", so they say nothing to the lender. Bad decision. Talk to the lender. Explain your circumstances. See if you can get them to work with you for a short period until you get your finances back into alignment. If they won't work with you, try to get assistance from family or friends. If all else fails you may want to have someone take over the payments on the loan (sign the vehicle over to them) so you can get away from it. You do not want a repo on your credit report. Make sure you talk to someone who knows the legal "ins and outs" in your state before you make a decision that could make things worse for you.

this may be very difficult. You might have better luck talking to your attorney and getting back into a new BK 13. After some time you may be able to refi.

Hard to say. If the primary borrower has been making the mortgage payments on time, it doesn't seem like he should be adversely affected. The only thing that occurs to me is that the mortgage company might require the borrower to find another co-signer. But, if there's been a good payment record for a bit, they just might be persuaded that a co-signer is no longer needed.

You are confusing me. If everything is in your name, how can you be the co-signer and not the primary borrower, and where did the "buyers" come in? Are you, perhaps 16-17 years old and your parents took away your driving privileges?

NO...NO...AND...NO.Dont let this person scare you there blowing hot air keep your payments current and dont worry about it and if this person touches your car in the wrong way call the law.

A parent PLUS loan covers this expense. You can do a web search and find out more, I have PLUS loans for my son and it covers books, housing, transportation food and many other things. interest rate is about 6% right now.

THE ONLY SUGGESTION THAT I HAVE FOR YOU IS PAY YOUR BILLS ONTIME AS THIS IS 35% OF WHAT BUREAUS LOOK AT WHEN DETERMINING YOUR CREDIT SCORE, AND KEEP THE BALANCES UNDER 40% OF THE CREDIT LIMIT. THERE ARE NO HOME LOANS AVAILABLE FOR CREDIT SCORES UNDER 584.

Are you referring to mortgage insurance that is added to your monthly payment in case of default? Anyone with an ltv at 80% or greater. Or are you talking about mortgage life insurance? These are two very different things. You only need mortgage life insurance if you do not already have a life insurance policy that is adequate to pay off the mortgage.

Sorry my friend a repo is a repo now if it would of been 2 days before.Now what I would do is get ahold of the bank preferrably with some brownies in your hand and do some begging maybe just maybe they help you since it takes effort on there part to report it and besides you didnt yank them around after the fact like so many people do hopefully you catch someone in a good mood.P.S. hurry before they have the oppertunnity to report it.Good luck and I hope this helped you. If you show up two hours after the store closes, is it still closed? I don't buy that showing up to the store crap for a second. That's a quiters answer. I've showed up to a closed store before and knocked on the window and gotten them to let me in. I made a $1200 purchase and we were both happy. It's never over till they say it's over...and even then I am a pain in the ass to get rid of. Your bank controls what is reported and the first answer is not a bad one. Go down and talk to the lender. Sometimes people have long standing relationships with banks and do a lot of other business other than vehicle loans. I know someone who had three great mortgages thru his bank and a great standing reputation. He had a son who stopped paying and the car was repoed. The guy paid the fees and took care of it. They didn't dink his credit cause they know he is a good customer. It's case by case but it's not written in some holy bible of bank laws that they have to report. Actually no one is required to report by any laws other than corporate procedures. I am a collector at a Credit Union in Utah and we do not report a repossession to your credit if you redeem the vehicle or pay it off within ten days of the repossession. We only report the repossession to your credit if you do not redeem the vehicle within ten days or if you are threatening or inhibit the repossession process either physically or verbally. We reserve the right to report the repossession even if you redeem the vehicle. We choose not to in 99% of the cases that redeem in ten days to motivate them to redeem.