Loans

In Florida, failure to repay a payday loan is not considered a criminal offense, so you cannot be sent to jail specifically for not paying back a payday loan. However, lenders can take legal action against you in civil court to recover the debt. It is important to communicate with the lender and try to work out a repayment plan if you are struggling to make payments.

No. The mortgage remains in first place as an encumbrance against the property.

No. The mortgage remains in first place as an encumbrance against the property.

No. The mortgage remains in first place as an encumbrance against the property.

No. The mortgage remains in first place as an encumbrance against the property.

Certainly not. The country does not have "debtors prisons" any more so the worst that can happen is you can get a judgment against you and you could have a portion of your wages taken or "garnished" by the lender until the debt is paid in full.

You can potentially go to prison for lying or committing fraud if in applying for the loan you gave false or misleading information about your creditworthiness or other information that led the lender to approve your loan when they otherwise would not have.

The total amount of money you need to pay will depend on the specific terms of your student loans and scholarship. Typically, scholarships do not need to be repaid, but you will need to repay the amount of money borrowed for student loans according to the agreed-upon terms, such as interest rate and repayment period. Be sure to carefully review the terms of both your scholarship and student loans to understand the financial obligations.

No, you cannot be sent to jail in Houston, Texas for not paying a payday loan. Failure to repay a payday loan is a civil, not a criminal, offense. However, creditors can take legal actions to collect the debt, such as filing a lawsuit or garnishing wages.

The principal is the initial amount borrowed in a loan. Interest is the cost charged by the lender for borrowing that principal amount. The total repayment amount on a loan typically includes both the principal and the interest.

The question as posed is impossible to answer. Different jurisdictions can impose very different rates. In addition to jurisdiction being critical to the imposition of new rates, those rates are also determined based on prior credit-worthiness, the size of the debt, the willingness of the lending institution to cooperate, collateral, co-signatories (if extant), and general economic pressures (if the rate is variable, this could result in the changing of the rate during the loan process).

Second mortgages are loans taken out on a property that is already mortgaged. The laws regarding second mortgages vary by jurisdiction, but generally, they give the lender the right to foreclose on the property if the borrower defaults on the loan. It's important to carefully review the terms of the second mortgage agreement and understand the legal implications before proceeding.

No, you cannot go to jail in South Carolina for defaulting on a payday loan. Debtors' prisons are illegal in the United States, and failing to repay a payday loan is a civil matter, not a criminal offense. However, the lender can take legal action to collect the debt through a civil court.

While failure to repay a loan in another country may lead to legal consequences such as being pursued by debt collectors and facing legal action in that country, it is highly unlikely that you would be arrested specifically for an unpaid Citibank Bahrain loan while in the Philippines. However, it is important to address and resolve any outstanding debts to avoid potential implications for your credit score and financial standing.

Yes, writing a check on a closed account is considered a form of check fraud in Texas. This action violates state laws and could result in legal consequences, including being taken to court by the payday loan company or financial institution. It is important to resolve the issue immediately to avoid further legal troubles.

To find your mortgage survey, you can request a copy from your mortgage lender or contact the surveyor who conducted the survey. You can also check with your county or local land records office as they may have a copy on file.

A loan is considered a written contract. In GA, the SOL is 6 yrs from when the loan became due and payable. If you got a loan from an individual, it would just be breach of contract, which has a SOL of 4 yrs.

In Minnesota, a payday loan is a civil matter, not a criminal one. You cannot be arrested for failing to pay it back. However, the lender may pursue legal action to collect the debt through civil court.

Yes, being in prison does not make someone immune from being sued (or prosecuted for anything, for that matter).

You should be sure the person has assets (money, property, etc.) that can be used to pay you before you waste your time/money suing them. If they don't own anything, then you can't expect to be paid.

Banks generally wish the client to be 18, though with a co-signer they might.

Credit card companies often give credit cards - with or without a co-signer - to anyone of any age, and at times house pets. They technically require a given age, but somehow reports of accidents keep being reported with regularity.

Pawn shops are generally more strict than banks or card companies. But while it varies by state, many will allow 16 to 18 year olds to pawn property.

Family and friends have no laws on who they can loan to.

As always, consult with an attorney in your local area for an answer more specific to your situation.

The average cost of a student loan per month can vary greatly depending on the amount borrowed, interest rate, and repayment term. On average, monthly student loan payments can range from $200 to $300 for federal loans, while private loans may have higher monthly payments. It's important to check with your loan servicer for specific details about your loan payments.

like charges repel ; unlike charges attract

In 1977 redlining was outlawed by the Community Reinvestment Act. The Act provided that commercial banks and savings institutions have an obligation to help serve the credit needs of their entire community, including low and moderate income borrowers. It also required that those institutions serve the needs in a manner that was consistent with safe and sound banking practices. In other words, the credit worthiness of the borrower was still to be considered in the loan process. The CRA was responding to the perception that savings and loan associations and banks were “redlining” low-income and minority areas, in effect denying credit to areas based on their perceived characteristics rather than the actual creditworthiness of individual loan applications.

Yes, promissory notes can be legally binding even if not notarized. Notarization is not typically required for a promissory note to be enforceable, as long as the essential elements of a contract are present and the parties consent to the terms.

There are costs associated with bringing a civil lawsuit and collection agencies want to be sure of the following:

* There is a good chance that the collection agency will win

* The amount of money is significant - not small claims

* All attempts to collect (legally via FDCPA) have been met with a lack of payment

If the collection agency has one or more attorneys on staff, they will be more likely to pursue borrowers in court as the expense to do so is lower with in-house counsel vs. retained counsel.

"Is Georgia a non recourse debt state?"

Since Florida is not a recourse state, and Florida adopted its laws from Georgia, Georgia must not be a recourse state.

In some cases, yes, a verbal agreement can be legally binding and enforceable in court. However, it may be difficult to prove the terms of the agreement without written documentation or witnesses. It is generally advisable to put important agreements in writing to avoid misunderstandings and legal disputes.

No, you cannot go to jail for owing payday loans in Colorado or any other state. However, the lender may pursue collections through legal means. Moving to Texas does not eliminate your debt obligation, but the lender must follow Texas laws regarding debt collection.