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Loans

Money lent to individuals or businesses in return for interest in addition to repayment of principal. Common types of loans include commercial loans, interbank loans, mortgage loans, and consumer loans.

13,117 Questions

How long does it take to get a refund check from financial aid in sc?

They have to wait until the drop/add period ends. And then they send them out about two weeks after that because the funds have to be calculated and all that stuff. So, about four weeks after the beginning of the semester, they should start mailing them out.

How does myrichuncle.com issue loans to students with no credit?

Just want to know if myrichuncle.com is creditable. MRU Holdings, Inc. (http://www.mruholdings.com/) is a publicly traded (NASDAQ: UNCL) specialty finance company that provides students with private loans for higher education using a blend of current market credit practices as well as its own proprietary analytic models and decision tools. The company has a renowned brand name MyRichUncleTM and a unique and highly scalable infrastructure to originate student loans, ensuring greater affordability and access to higher education for millions of college students. MRU Holdings also introduced the first loan product innovation in the student loan space, introducing "Preprime" loans in May 2006.Preprime can qualify a student who lacks credit history or a creditworthy co-borrower, for a loan based on student-oriented criteria.

Car was reposessed and bank sent letter saying loan was written off and now one year later they are taking me to court. Why?

Write off is only an accounting entry they had to make. It is a bad thing. It means any possible benefit of the business deal (the loan) that the books was anticpating...like receiving income....won't happen. They write off...that is they lose or remove...the benefit.

Your not given a pass...the debt is not forgiven. (Again, writing off is just recognizing your failure to perform as you promised on the debt).

Legally, they still can, in fact in many ways must, try and collect it. If they can, they can restore the loss they took on their books, and the employees, stakeholders of the company don't have to sacrafice as much.

What can be done if a corporation can not pay the balloon payment when the loan is due?

If it cannot get the loan refinanced, then the lender could file a lawsuit and/or (if secured by collateral) take the collateral.

You filed chapter 13 on your home and car loan now your case has been dismissed can you contact your mortgage company and car loan to begin payment with them again?

Wow...I'm sorry but you really seem to have no idea of what your saying or involved with. You better get personal, individual help.

You do not file BK on a thing... a this or a that. You file it. It effects everything you owe and everything you own. Some things are given priority and some things are exempt.

You make payments all the while under C 13 protection 9 abudgeted amount supposidly enough to pay the current amount due and make up for the amounts missed, so at the end of the BK, you are all caught up and just continue), so if you weren't, that may be why your case was dismissed.

Dismissed doesn't mean resolved, settled, or satisfied...(that is discharged)....dismissed means you failed to do what was required to maintain the protection by the court and are no longer in BK. That's a bad thing. The creditors can now do whatever they legally want to collect...like foreclose, garnish, etc.

Why did American provided Germany with financial aid during World War 1?

America did not send financial aid to Germany during WWI because America fought against Germany. America only sent Financial aid to her allies, i.e. Britain and France.

Is there a legal agreement for an unmarried couple that could protect the interest of each in case they split?

You have asked an excellent question.

The ownership of real property, how it would be divided if sold and what happens when an owner dies is all determined by how the property is titled. Joint Tenancy allows two or more persons related or unrelated, married or not, to own property with each owning an equal and undivided interest. If one of the owners dies, their share passes to the surviving owner(s). If the property is sold each owner receives an equal share. Tenancy-in-Common is ownership where co-owners have equal rights to the property and equal shares unless a different arrangement is recited in the deed. There are no survivorship rights.

An agreement regarding real property must be in writing to be enforceable. If you own property jointly with a person with whom you are not married, you should have a contract drafted outlining the process by which one party can buy the other out or how the property would be disposed of in the case of a break up. It is not enough to say that the property must be sold. You should include who will list it, who will determine list price, who has final say over whether or not to accept an offer, etc. There could be a provision that both parties carry a life insurance policy in the amount of the outstanding debt with each other as beneficiary.

If you have not yet purchased the property, you should treat the agreement much the same as a prenuptial agreement whereby you are both represented by your own counsel. You should discuss it with the attorney who will represent you at your closing.

Can you wipe out student loans with bankruptcy?

According to my Spanish teacher, student loans are the only things that cannot be "wiped out" by declaring bankruptcy. She told us that the government will continue to reach into your bank accounts until that money is payed off.

Why do people take loans and where do they get loans?

People take out loans for several different reasons but the main thing is that they need money to pay for things. You can get loans from several places. For example, banks, credit unions and other financial institutions like that offer loans. Also, if you are in the military you have many other options. Omni Financial offers loans strictly to military personnel. You can find more about these loans and other loans from the internet.

Can my wages be garnished by the student loans while i am in a chapter 13 bankruptcy?

If your bankruptcy is currently active, collection efforts on the student loan will cease until the bankruptcy inactive at which point collection activities will start again.

What is the deadline for applying for Government Student loans?

The deadline for applying for federal student loans is June 30, 2012 for the 2011-2012 school year. State loan deadlines vary from state to state, and individual schools may have additional deadlines. Check with school financial aid officers for specific deadlines for your school/state.

What if i don't pay back my logbook loan?

the company can reposses your vehicle ... WITHOUT a court! you should be very carefu! You could have few answers here: http://loanslogbook.com/what-are-logbook-loans.html

How do you find out if you have any outstanding student loans?

== == == == Go to nslds.ed.gov to find out about federal loans. For private loans, check your credit report.

If you want to remove a spouses name of the mortgage can you?

You need to make that a part of the separation agreement. You give him a deed and he is required to refinance the mortgage in his own name within a specific time period such as 90 days. The deed should be exchanged at the time of the refinance.

Your attorney needs to address this issue during the divorce. The bank is not bound by your divorce decree if all it says is that you should be held harmless from the debts. That mortgage must be paid off and refinanced in your husband's name alone in order to dissolve your responsibility for paying the mortgage.

A lender is not legally bound to agree or act on the stipulations pertaining to debts when it relates to a divorce decree.

What can you do if your son needs a college loan but you have poor credit and cannot cosign for him?

If I were in your position I would first have the son apply for every scholarship he can, then I would have him apply for every student loan program he can. I would also go to the Office of Student Financial Aid, every college has one and meet with a financial aid officer. Tell them your situation. They will probably be able to help find sources he can apply for. Also most schools have a co-op program where he can get a part-time job in a field related to his major. Speaking of his major, there probably are professional trade associations that sponsor scholarships he can apply for and finally many colleges have a tuition management program where he can pay a portion of his fees up-front and make monthly payments on the balance. Every public Library has a Foundation Center where he can find information on scholarships, fellowships special programs. In short where there is a will there is a way.

AnswerFirst verify that he doesn't qualify with the FAFSA. No matter which route you take - you will be required to fill out the FAFSA, so do it early. YOu can do it online at fafsa.ed.gov

(If you want to look into it more, FAFSA stands for Free Application for Federal Student Aid)

Also your son will be guarenteed (if he doesn't qualify for FAFSA funds) for the Stafford Loans. These generally (at the chepest University) barely cover the cost of the clsses let alone books, computer, etc.

What is a guarantor?

A guarantor is someone who agrees to sign an agreement (most typically a rental agreement) and basically guarantees that if for some reason the tenant cannot pay, the guarantor will make the payments. This most commnoly happens in a college evironment when a student needs to have a parent sign onto the lease as a guarantor so the Landlord feels comfortable that if the student cannot make the payments, the parents will.

Is a mortgage valid if a notary never saw us sign it but just notarized the documents the next day when we gave it to him?

As far as the lender is concerned the mortgage document is legal. If your signatures are on that document, you have assumed responsibility for the mortgage. If you are contesting the validity of the document because of the notary's action, I don't think it will fly unless you want to claim that the signatures are not yours. And you don't want to do that. As long as you have willingly signed, the mortgage document will be good.

Are there any legitimate personal loans in North Carolina for people with bad credit?

There are many legitimate personal loans in North Carolina for people with bad credit. Most of them are referred to as payday loans and they do not consider your credit rating.

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