Loans

I believe these companies operate much like banks, in that they cut off their business day usually before 5:00 pm, maybe noon or 2:00 pm. Payments received after that cut off will be credited as of the next business day. Some of them may observe a business day up until 5:00 pm, but I doubt any would go later. Of course, time zones have to be taken into account. Look through your payment booklet or mortgage documentation; the policy is usually stated. If in doubt, call the customer service number.

A credit score is calculated on the overall credit history, therefore it is not possible to even estimate exact numbers. However, paying off collections shows future creditors that you are acting in good faith to honor your financial obligations.

Yes. Additionally, you will be responsible for any late fees, repossession fees, storage fees, transportation fees, and legal fees and court cost incurred during the repossession process.

You get into really good physical shape from all the walking..... no. Seriously, what generally happens is your vehicle will go to the repossession company's storage facility (unless the bank has told them otherwise) and you have a certain amount of time to pay the bank up to get it back (I am not going to say how long you have because I don't know what state you are in. Most states give you 10 days but I don't know about where you are). If you fail to pay the bank up in that time, the vehicle gets remarketed. Be it by auction or private sale, again depends on your state. If the vehicle nets less than what you owed, it is called a deficiency and you are still liable for it. If it nets more than you owed, it is called a surplus and the bank owes you the difference. Again, it depends on your state. I would recommend you contact your state's attorney general's office to get the specific laws for your state.

Depending on the lending laws in your state, yes. Some states require lenders to consider both applicants' credit scores, some only require the primary applicant's score be considered when determining the rate, while using the cosigner's score to determine whether or not to apply. Either case though, a cosigner with a better credit score than the primary applicant can only positively affect the interest rate or not affect it at all; it won't make it any worse.

Car loans are always dependent on each individual financing institution. That means, some institutions (larger banks) are more likely to take "riskier" clients than others (credit unions or car dealerships). You shouldn't have much trouble with that credit score and salary, as long as you don't have a whole lot of credit/debt already.

The lender will come after you for the remaining balance after the car is auctioned.You can either declare banckruptcy or work out a payment plan...or thelender can seek a judgment to garnish your wages.

You don't own a leased car, so you can't sell it. That'd be the same as renting a house and trying to sell it. If you can't afford it anymore, contact the leasing agent, and make arrangements with them. Without a doubt, there will be some stiff penalties, though. This isn't actually true at all. We are currently leasing a Toyota Corolla Sport and have contacted the company handling our lease and they have specifically told us that it is entirely possible to sell the leased car at payoff amount, whatever that may be at the time you decide to sell. It isn't the same as renting a house due to the fact that when renting a house you aren't tied to it for 36 months and then you have the option to own, trade it in or walk away. Leasing a vehicle is practically the same thing as getting a loan on the vehicle which you can pay off, but the catch is... If you don't sell it before the lease end, then you drop it off (hoping there isn't any extra money due to extra miles and wear and tear), buy it for the current value of the car or trade it in for another car. Leases allow people to get lower payments and this is what drives most people to take a lease on. Otherwise, the best option is to buy the vehicle which is almost the same as leasing accept after 36 months you own it and can do whatever you want with it... or you can sell it before hand (same as a lease) and move on. So... if this doesn't make sense or answer the question... We just sold our leased vehicle... So it is possible.

NO you cannot!!!!There are many dishonest repo people who try this scam to squeeze money out of already cash strapped people.They can charge you if they have removed ,inventoried and bagged your personal property........you know actually done something to warrant being paid.If they refuse to let you retrieve your personal property then contact the lender and ask for your PP back.If that fails contact the police and file a stolen property report and don't forget to include your lisc. plates. (if it applies in your state)

The ONLY reason a person would request that you not be on the deed and mortgage would be to INSURE that you would have no legal right to the property.

If he expects you to help pay the mortgage you would be paying for property you do not own. You and your boyfriend are not buying a house. Your boyfriend is buying a house and he wants you to help him pay for it. You would be entitled to nothing when the property is sold.

You can only assume a mortgage if the loan is assumable, and a great many are not. The mortgagor can call their mortgage company and ask for an assumption package which will tell you what is required. True, but, actually a great many mortgages ARE assumable. Everything you need to know and thousands of homes with assumable mortgages are available for search by visiting www.havemyhouse.com

A private investor will be your best bet. Most conventional lenders won't touch under 500.

The advantage to having a first and second mortgage equalling 100% financing is that you would not have to pay PMI, which would be required on a first mortgage at 100%. The second mortgage is subordinate financing, meaning it is in the second lien position on the house, and therefore does not affect the first mortgage lender's ability to persue the subject property in the event of a default on the loan.

The thing to consider is that when you do this on a purchase, your first AND second mortgage lender will qualify you at the cumulative mortgage payment.

The Best thing to do in this situation is to have the Primary owner Refinance the loan without you as a co-signer. This will effectively end your responsibility on the note. I just don't understand why people cosign for anything. A cosigner is a "lender" in a way. These are reasons why people may cosign: The person is a minor The person has no collateral The person has not formed a good credit rating or a bad one You are 100% responsible for this loan. Take the person off your contract at the banking institution you went too and this will include legal fees so be sure you ask about that. Hopefully you have continued to make all full payments due on this loan. If you have, you may be in luck! Sit down at the banking institution and go over your loan. They will take into consideration what collateral you have (which is the house itself) and also what you earn in a month. If you can afford it you are in luck! You should be able to take out a personal loan (say for improvements on the home, a car, a trip, etc.) If you can't afford to do the above, then you have no alternative, but to sell the house, but you need to go through a lawyer for this one. Good luck Marcy

It depends on the loan, but most likely yes. Most places I know of would not loan any funds unless they have verification of income. Even so, saying you worked somewhere for two weeks or a month isn't all to comforting for the lender either; some require 3 or 6 months worth of work first. Like I said, though, it depends on the creditor.

Yes, they will repossess if you have only one payment left.

You may want to consider a federal student loan as these types do not require a cosigner.

Yes, you are responsible for the balance not recovered through an auction, certains fees the lender charges which include the tow. If bankruptcy if filed with the amount of the debt owed, then the debt is discharged and you are not responsible for any money owed. Since bankruptcy is Federal, it applies to All states.

Nope. Income doesn't matter much if your credit sucks. Your credit score usually needs to be 620 or above to get a loan without a cosigner or collateral.

That happened to me and I included it in my chapter 7 but it made it difficult to open a new account. Open your new account now before you are reported to chexsystems.

As long as you continue to make the payments, they would have no reason the instigate a repossession. When a vehicle is financed or leased, the creditor has an interest in the vehicle and rights under the contract you signed. If you are in default of the contract either by default in payment or otherwise (failure to insure or other terms) the vehicle can be repossessed.

This is actually a question for your attorney but here is a direction.

Ask your attorney if the home equity loan was included in your bankruptcy, did you complete all the payments you agreed to in the bankruptcy. I am guessing that if you filed for BK the bank probably did not let you use any unused portion of the line.

Look into refinancing your home equity line of credit they are usually not fixed and can go up as much as once every 30 days. Right now the projections for the prime rate is to increase as much as 1/2 to 3/4 to 7.25 by the end of this year.

If there is no equity in the home, then the lien is discharged in bankruptcy making it an insecured debt.

It depends on how long you've had your loan. I payed my car loan off the same year I got it and it didn't do anything to my credit score because I hadn't had the loan long enough. If you've had your loan for several years and you've made almost all of your payments on time then yes it would improve your credit score because you are reducing your amount of debt and/or creditors.

In order for your name to be on the mortgage, you would have to be a co-borrower, in which case your income, credit and liability information would have to be considered in qualifying the mortgage.