Loans

I don't think there is a financial aid from US government for international student in US. I was an international student and I already sought many ways to obtain scholarship and grants. The money that comes from US government is impossible to be obtained if you are an international student. Of course with some exceptional universities such as Harvard or MIT (I heard some of international students got financial aid from US government, but I am not sure too). Just seek a scholarship from private institutions.

It's unlikely you can either refinance or get a home equity loan (which requires payments!), because the potential lender wants some certainty you will be able to repay the loan.

Emergency loans for unemployed is specifically meant for this very purpose, using this option you can easily pay for most of your essential requirements for which you are facing difficulty due to non availability of required funds.

depending on the motor vehicle laws of your state but in the state of Arizona where i am from if you have the title in your name with no lien holder you are the rightful owner of the vehicle and nobody has authority to take it away unless you have signed a power of attorney and a title and registration application adding the finance company to your title.

http://www.1stopautotitleloans.com

Students don't have to provide any collateral to get a student loan. On some student loans, payment may be deferred until the student is out of college.

Only if you're going to be one of the owners. A simple guarantor may have committed other collateral, and the lender would have you sign a separate security agreement naming the property being pledged.

A great program that started this past July 1 is the income based repayment plan. If you consolidate your loans, you can opt in for this repayment program. Your payment can be as low as $0 a month, based on income and # of dependants. You also have the balance forgiven after 25 years of repayment, even if you have hardly paid any of it.

If you want help with the consolidation of your loans, click on the link below.

The interest weight of a consolidation loan is now the weighted average of the interest rates of the loans being consolidated, rounded up to the nearest .25%.

It's not mathmatically possible to get a lower rate with this formula.

In addition to that, federal regulations do not allow each borrower more then one consolidation, except in a few limited circumstances:

- if you have a consolidation loan that has been referred to the guarantor for default prevention, or defaulted, you may be able to consolidate directly with the federal government on an income-contingent-repayment plan.

- Certain public service positions have repayment benefits, and effective 7/1/08, eligible borrowers who already consolidated may re-consolidate with the direct loan program in order to get those benefits.

The divorce judgment is the final decree in the divorce. It clarifies how marital assets including the home will be distributed. Refinancing of the house falls to the spouse who is awarded the property or allowed to buy out the other spouse's interest in it. If you got the house and want to refi - that is up to you. The only way I can see the court becoming involved at all is if you are refinancing in order to come up with the cash you need to buy out your ex. I would think those arrangements might be detailed in the decree so it is understood that regardless of how you get the money, you owe the decreed amount to your ex and need to pay it within a specified amount of time.

For loans, the primary amount is the principal, which must be repaid in addition to whatever interest is charged. Until the principal is completely paid, the loan agency will normally continue to charge interest.

Quoting from a footnote to the Fair Credit Reporting Act...(located in Subsection 605, regarding statute of limitations) "The reporting periords have been lengthened for certain adverse information pertaining to U.S. Government insured or guaranteed student loans, or pertaining to national direct student loans. See sections 430A(f) and 463(c)(3) of the Higher Education Act of 1965, 20 USC 1080a(f) and 20 USC 1087CC(c)(3), respectively." The FCRA does says that, in general, statute of limitations is 7 years or "until the governing statute of limitations has expired, WHICHEVER IS THE LONGER PERIOD." For federally guaranteed student loans, that governing statutue is much longer than the typical 7 years. There is no statute of limitations on old student loans but they can be discharged under a few circumstances - death, total and permanent disability, military service, teaching, and bankruptcy - ONLY if you can successfully prove that repayment of the debt would cause "undue hardship" as defined by case law in your jurisdiction AND the first payment of the loan was due over 7 years ago. See website: http://www.ed.gov/offices/OSFAP/DCS/loan.cancellation.discharge.html I found this information because I, too, have a loan from the 1980s. I have not worked since 1989 because I got fibromyalgia and PTSD. I am now getting SSI and they keep harassing me and my neighbors. The new bankruptcy laws (Fall 2005) may change this information.

The answer to your question could depend on several things. Namely, your ethics. If you don't have any problem never paying back a debt, depending on what state you live in and what kind of debt it is, you may never 'have to repay' the loan. This doesn't necessarily mean that the debtor can't come repossess the object(s) that you borrowed money from them to get those items! But if it's a credit card debt, they may not have any legal recourse except to report it to credit agencies. This will always be on your credit report. For life. A company can go back as far as they want on your credit history. Most go back 7 years. If your buying a house, they go back a lot further! From an accounting point of view, the debtor (Debtor A) will try to collect on a debt for a certain specified amount of time. I don't know what determines this amount of time. Probably customer history, credit history, income status, ect. Once this time elapses, Debtor A will sell the your dept, a note recievable, to another company, Debtor B at a reduced value. The original company will write off the money for the original amount of the loan on their taxes as a 'bad debt'. That doesn't mean you don't still owe that money to someone. You now owe it to the second company. This may or may not be the collection agency that works in conjunction with the original debtor. Either way, what the second debtor isn't going to tell you, the debtee, is they will probably be willing to settle for less than less than the original amount of the debt. The reason for this is that they incurred the debt for less than the face value of the note. Legally, you owe Debtor B, the face value of the note until they give up on collecting from you. At this point, they will either sell the note for less than they paid for it to a 3rd debtor, or they will just write off on their taxes. You won't know until you just quit hearing from someone about your bad debt. This could take litterally years! Your debt could be sold to several debtors before its finall written off for good. Each debtor is most likely going to report you to atleast one of the credit agencies. No matter what you do, your credit will be marred for life. And don't be fooled by these credit card offers that you might get in the mail saying you have great credit! They target people who do this kind of thing and can't get credit any other way. These kind of people are forced to pay ridiculous interest fees, over the limit fees, membership fees, the list goes on!

almost all loans are based upon credit history. bankruptcy negatively affects credit history, therefore, it may make it more difficult to get a loan. Look for more info here: http://www.salliemae.com/

You can defer your student loan payments while in school. Typically student loan payments are not deferred due to employment status.

This is a difficult legal situation. First, the wife must ask herself why she signed a mortgage for property she didn't own. The husband's estate must be probated in order for legal title to the real estate to pass to his heirs. His will or the state laws of intestacy will determine if the wife inherits the property or only an interest in the property. However, even if the wife does not inherit 100% of the interest in the property she is 100% responsible for paying the mortgage. If the mortgage isn't paid the bank will take the property by foreclosure.

Schools generally participate in one of these Stafford Loan programs: The Federal Family Education Loan (FFEL) Program The William D. Ford Federal Direct Loan Program. Under the Direct Loan Program, the funds come directly from the federal government. Funds for your FFEL will come from a bank, credit union, or other lender that participates in the program. The terms and conditions of both lending programs are similar. The amounts you may borrow are the same whether you get a Direct Stafford Loan or a FFEL Stafford. The major differences between the two programs are the source of the funds and certain repayment provisions. For either type of Stafford Loan, you must fill out a Federal Student Aid Application (FAFSA). After your FAFSA is processed, your school will review the results and will inform you about your Stafford Loan eligibility. You will also have to sign a promissory note. If you have financial need remaining after your EFC, the amount of any Federal Pell Grant funds you are eligible for, and aid from other sources are subtracted from your cost of attendance, you can borrow a FFEL or Direct Loan to cover some or all of that remaining need. If you are eligible, the government will pay the interest on your Stafford Loan while you're in school, for the first six months after you leave school, and when you qualify to have your payments deferred. This type of lending is subsidized. If you are eligible for a subsidized loan, the government will pay interest while you're in school, for the first six months after you leave school, and when you qualify to have your payments deferred. Depending on your financial need, you may borrow subsidized money for an amount up to the annual borrowing limit for your year in school. You might also be able to borrow funds beyond your subsidized amount or even if you don't have demonstrated financial need. In that case, you'd receive an unsubsidized loan. Your school will subtract the total amount of your other financial aid from your cost of attendance to determine whether you are eligible for unsubsidized lending. Unlike a subsidized loan, you are responsible for the interest from the time the unsubsidized loan is disbursed until it is paid in full. You can choose to pay the interest or allow it to accumulate and be capitalized (that is, added to the principal amount). You can receive a subsidized and an unsubsidized loan for the same enrollment period as long as it does not exceed the annual limits. The Stafford Loans is a federal education loan that is provided through federal government. It provides you the financial support for your expenses which will be in your studies like books and study material, hostel charges and other charges for you.

Don't know what kind of student loan you have but I know federal student loans approve you for the amount of living expenses (regardless of where) in addition to your tuition. I would think you would be able to get a private loan to cover this too, as it is a part of your school expenses.

Yes. Talk with the institution's financial aid department about changing your "cost of attendance" to include your bills. You will need to provide them with a copy of the rental contract, bills, etc and they will have to confirm those. After that, you can get an alternative loan.

Technichally, no. Student loans are usually disbursed directly to the school you are attending in order to pay off direct education expenses such as tuition and living fees. However, any left over loan money after these have been paid off will be sent directly to the student for general living expenses, of which clothes are included.

Yes, if you are not taking additional loans out you can go back to school. If you do want to take additional loans out, you need to consolidate the defaulted loans first. You can get help with the consolidation at www.defaultms.com

It can take your tax refund.

It can take your tax refund.

It can take your tax refund.

It can take your tax refund.

Generally no, all the owners of a property (and in many states their spouses) must sign a deed of trust or mortgage. The purpose of the mortgage is to give the lender the authority to take possession of the property by foreclosure in case of a default. When all the owners haven't signed, it's usually because someone (at a bank, title company or law firm) has made an error.

If a mortgagor defaults following a properly executed mortgage, the lender can take possession of the property by foreclosure and sell it. If all the owners (and spouses in some states) didn't sign the mortgage then the lender can take only the interest of the owner who did sign the mortgage and cannot take the interest of the owner who did not. Therefore, the lender could not take 100% ownership or possession of the property by foreclosure because it has no claim to the non-mortgagor's interest.

However, remember that what we typically call a "mortgage" involves TWO legal documents, a promissory note AND a recorded document called either a "deed of trust" or "mortgage" depending on state law. It is the promissory note which obligates the borrowers to repay the debt, not the recorded deed of trust or mortgage. The deed of trust/mortgage is the consent by the OWNERS of the property to use that property as collateral for the loan. The borrowers signing the note and the owners ("mortgagors") signing the mortgage do not have to be the same people (although in residential mortgages there is usually at least one person who is both a note borrower AND a mortgagor). It is not always possible to determine from the recorded mortgage who is responsible for the repayment of the note

Failing to pay back a loan is called defaulting on the loan.

If by "expunge" you mean remove it from a credit report, then you pay the debt owed or wait until it drops off the report after the required 7 years (not applicable if a judgment is in place). If what is meant is have a student loan debt forgiven or cancelled that is only possible in extreme cases where the debtor has been deemed either mentally and/or physically disabled to the point where he or she will never have enough income to repay the loan.

Yes. The person owed would need to file and win a lawsuit to receive a judgment against the debtor. The judgment could then be enforced as a lien against nonexempt property owned by the debtor or in some cases even that which is jointly owned. The court does not accept the inability to repay a debt due to illness, job loss, etc. as a valid defense. Some judges will order a plaintiff and defendant to try to reach a equitable agreement before a judgment is entered against the defendant.

== == == == By example, if the debt is owed ONLY by one spouse, and the real property is owned jointly by a husband and wife (or married couple under some state laws), look to your state law to see if a creditor is precluded from foreclosing on the lien obtained via judgment on the real property and personal property, as the property may be held as tenets by the entireties and thus protected from execution.

Further, upon sale of the real property, if the proceeds are held by a husband and wife, and the judgment is only against one spouse, check again with your state law to see if the proceeds are exempt. Further, as to your home, even if you are single or married, in a state like Florida, look to your state law, to see if your primary home is protected from lien foreclosure by homestead laws. The above may be complicated by and inapplicable if the loan was secured by a recorded note and mortgage which is validly applicable to the home. Because the state law implicated in your question is not identified and there are not enough facts laid out, what follows are GENERAL thoughts only. Your best course of action is to seek legal advice from a licensed attorney in your state if you are in the USA.

The above is a general only and is not provided as legal advice that anyone should rely upon for any purpose.

Best of luck to you.