Loans

Of course you do, unless you dropped out and actually got refunded. Otherwise its your own stupidity or misfourtune for not finishing school.

Yes you can, BUT, each party will be jointly AND seperately responsible. By that I mean that if for some reason one co-signer cannot pay their share, the other co-signer will be TOTALLY responsible.

Yes, he can. Legally the wife has nothing to do with the property.

In most states the assets and liabilities of both parties in a marriage are shared equally. The exception to this is the assets or liabilities that are owned/owed prior to the marriage. This rule does now however reach as far as loans established by a third party as such. Co-signing a loan has an adverse affect on the co-signer ONLY if the principle borrower of the loan defaults on the loan. If the loan is paid off, the co-signer is off the hook. Co-signing loans have no benefit whatsoever for the co-signer but they bear all the risks. Your credit score will not be improved for a payed off loan but would be affected negatively should the loan be defaulted on. Also, if you are the co-signer on a loan and then apply for a loan for yourself (and your spouse) your overall credit worthiness will be reduced by the amount of the co-signed loan, after all you are responsible or that loan should the other party default. For example, let say that you want to buy a house and looking to get a loan for $150,000. As of today the bank looks at your 'credit worthiness' and decides that you qualify for $155,000. Now, if you co-signed a loan for say $15,000 for someone else, and the banker was to examine your 'credit worthiness' that amount would be reduced to $140,00 and not be enough to purchase the home. Co-signers get no benefit but take all the risks.

So... can your spouse stop you? No. Does your decision to co-sign affect the finacials of your marriage? Yes. Could you become responsible for the loan and therefore it could impact your ability to pay your own bills? Yes. If the person who you are co-signing for was not a bad risk, then they wouldn't need a co-signer. Should any decision that you make that could have a negative impact, with no positive outcome possible, be made with out agreement between you and your spouse? I would think not.

Should the borrower default on the loan and your financial status was negatively affected, would your marriage surrive that kind of stress? And, do you want to put that kind of stress on your marriage?

Good luck.

That would be the decision of the person holding the note. They could if they so choose pursue litigation in the proper court of jurisdiction to recover monies owed. A promissory note is a legally binding agreement and is treated as such in a court of law.

Anyone who a lender accepts as a co-signer (or a primary borrower) can be. There aren't laws about this...lenders have the right to decide who they lend to, as borrowers have the right to decide who they borow from (or not) on what terms. A co-signer is needed because the primary doesn't have good enough credit to qualify on their own and the Cosigner normally has very good, or at least much better, credit. If your close to BK yourself...you probably won't qualify as a co-signer to the lender anyway. Also, as a co-signer you have basically all the same obligations of the primary for payments and such, without the benefit of possession and rights to the property. If your close to BK, you apparently have enough trouble handling your own obligations to even consider becoming responsible for someone elses...esepcially someone else that apparently has a poor credit history or is taking on more of a debt than a lender thinks they could handle.

According to www.studentaid.ed.gov/students/attachments/siteresources/RepayingYourStudentLoansEnglish2003_04.pdf Death of the student cancels Perkins loans, FFEL/Direct Loans. Stafford and Plus are included. Not sure about private loans.

There is no statute of limitations if it's a public college.

If your student loans are being garnished, you can count on your name being on the tax offset list, meaning that they will apply your refund amount to your loan repayment.

If you need help getting out of default, or getting a garnishment lifted, then contact Default Management Services, Inc. for help. You can Google the name for a phone #. Ask for Doug, he is knowledgeable.

A co-signer to a mortgage accepts full responsibility for the payment of the mortgage. Although it is not required for mortgage purposes that the co-signer have an interest in the property, that concept triggers another question.

Why would a person who does not own real property accept the responsibility for paying for it? The bank wants a co-signer so that if the primary borrower defaults it can go after the co-signer for payment of the debt.

If after being fully informed of your obligations, risks and possible consequences of co-signing you decide to co-sign a mortgage you should make certain your name is added to the title.

A Mechanic's lien can be placed on a jointly owned home without the necessity of a lawsuit. All other liens against real property even that which is jointly owned must be obtained through the prescribed legal procedure (lawsuit) of the state in which the property is located.

I have never seen a case where a private company of any kind can put a lien on someone's Federal Income Tax Refund? Usually the only groups that can put lien on a Tax Refund would be a government related debt like state or city taxes, student loan debt, food stamp or social security overpayments, etc.

The cosigner can ask but I seriously doubt they will be successful. The cosigner knew the risks when they signed the loan application. The cosigner knew, or should have known, the borower's history of successful loan payoffs were questionable at best. The cosigner assumed the responsibility when they signed on.

A fixed percent of the principal of a loan or investment is called a fixed interest. It is paid monthly or annually or whatever based on the agreement made.

if you mean to be payed for the person that has loan so yes , this is one of the types people that you can give them zakat

If you come back before the statute of limitation runs out on the debt, it could be waiting for you once you arrive on American soil. You could come back to a judgment or a property lien [if applicable]. Now, ten years later, while you may not have to pay the debt, it can still show up on your credit report, if you haven't kept the report current. There is also the possibility of being charged with criminal fraud. If the debt is large, and the creditor chooses they can file charges that the debtor took specific action with the intent to defraud the creditor. It would then be up to a PA to decide if the debtor acted with "sufficiently evil intent" as to form the legal basis for the charge of criminal fraud (stealing by deceit).

Student loans are loans that are used mainly to help pay the tuition of a colledge student. With a federal student loan they will alot you a certain ammount of money, after you have paid for your tuition ect. Whatevers left over is yours to spend, it is recommended that you spend it on school related things. Like books, communication, transportation ect.

G.I. Bill

Federal Pell Grants are only available to undergraduate students and do not have to be repaid. Stafford Loans are available to both graduate and undergraduate students, but do have to be repaid.

Payday lenders are notorious for unfair and illegal collection tactics. Many will tell you that they can have you arrested, etc. They cannot have your license suspended. At most, if enforceable in your state, they could sue you for nonpayment. That's it. Some states have made payday loans illegal because they have excessively high interest rates. Sounds like your lender has violated the Fair Debt Collection Practices Act (FDCPA) which is a federal law mandated by the Fair Trade Commission. Contact a consumer rights attorney in your state. You may be entitled to sue the lender for violating the act.

You can apply by yourself as you long as are 18 yrs or older. Talk with your school councelor. There are plenty of lenders that specialize in student loans. FAFSA (Free Application for Federal Student Aid) is a great start. There is alot of information as well as filing for student loan thru them. Most are student loans that will be on deferment til you are out of school for whatever reason. www.fafsa.ed.gov

Yes you can. Most loan companies will allow you to make payments even though you are still in school. I am in Grad school and even though my undergrad loans are in deferment, I am still making payments to the loans that are accruing interest. The loans that are subsidized and not accruing interest, I am leaving alone until I payoff the unsubsidized loans. Find out who has your loans and contact them about where to send payment.