Loans

Yes, you can receive financial aid while attending college part time. However, the number of avenues open to you for getting financial aid decrease as most scholarships and grants are for full-time students. The federal government will allow you to apply for federal student loans for any amount of college, though - just fill out the FAFSA in February after filing your income taxes for the year.

Getting a job and making money. There is no easy way out of getting a loan paid, and the only thing to really do is simply get a career and make the most money you can. Make sure that you don't waste your money on pointless things or take out any more loans. Realize that until you pay off your loans, you should stick with living a modest lifestyle.

Maybe. More details are needed. Generally it would not be easy. If the two individuals own the home then it is pretty much impossible to get a loan without both parties signing the documents. Most lenders will avoid even trying to make such a loan and the title company will raise objections. If the married couple do not own the home in both of their names it could be possible for one person to obtain a loan. In some states there would be a problem if the other party did not sign off given dower rights or other state rules for married couples and real estate. Best is for the two people to discuss things and to come to a common agreement. I am ignoring intentional fraud where one party doctors the paperwork so that the loan goes through.

Absolutely not.

1. Divorce: whatever he and the judge agree to give you.

2. Death: whatever the will or laws of intestacy give you.

3. Other: whatever you two may agree to in writing (e.g., splitting the proceeds if you sell the house, in exchange for your having properly maintained it from your own income, or whatever). He may also "gift" you a joint tenancy by issuing a new deed with both your names on it.

Your local laws may provide specific rules in case of "community property" or "prenuptial agreements" or non-divorce "separations."

Bottom line, you do not own his property any more than he "owns" the jewelry your grandmother gave you when you were seven.

If you went to a store front location and physically wrote a check, agreeing that they would cash it in the future, then you could be charged for a bad check. Normally, you will have some time to pay it before it goes to the courts. If you took out an internet payday loan, then you did not write a check. Internet payday loans cannot claim to press charges for bad checks, it's not the same. At worst, they may be able to sue you for defaulting on the loan. Payday lenders will tell some whopping lies to scare you into paying them. Often, what they tell you is illegal. Research the Fair Debt Collection Practices Act (FDCPA) for what collectors can and cannot do by law.

can they make me pay a for loan thatis 11 years old

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You signed to guarantee the loan. That means that you guaranteed to pay the loan if something went wrong. Something went wrong so you get to pay the loan.

A summons for a foreclosure is a lawsuit by the plaintiff/lender against the defendant/borrower. All civil suits are basically the same and therefore the process of filing an answer or "first pleading" by the defendant is the same. Read the summons very carefully and then respond to each paragraph either as being in agreement or disputing the claim for whatever valid reason you may have. For example, if you have made all the payments in the prescribed manner of the mortgage contract and the plaintiff is claiming a default due to non payment, you dispute that charge on the grounds that you have proof of payment. DO NOT, make a claim that is not true and/or cannot be substantiated. File a copy of your response within the required time limit with the clerk of the court and the plaintiff's legal counsel by means of a certified letter with receipt requested. In some states it is also necessary to file an answer of appearance with the court issuing the summons. You can go to SummonsReply.com to get help if you are trying to write an answer on your own. The site will provide you with a template and an example of an answer to a summons written by a certified lawyer, which will guide you to write your own answer in order to stall foreclosure.

An uncertified student loan is a loan that is not certified by the financial aid office of a college or university. These loans are given out solely on the credit of the borrower and/or their cosigner. Most colleges and universities do not certify any loans over the schools cost of attendance (COA). For instance, if the school's preset cost of attendance is $30,000/yr and you need loans totaling $40,000/yr. to cover your expenses, then you will need to take out an uncertified loan of $10,000.

Yes.

The question is a bit unclear, but typically a home equity loan has a second lien. If the home is foreclosed, the first dollars received will go to pay off the first mortgage; if more proceeds are received than are required to pay off the first mortgage, they will go to pay off the home equity loan, and the remainder (if any) will go to the former homeowner. If enough isn't generated by the sale to pay off both loans, all accrued interest, missed payments and fees the banks incurred to foreclose, etc., then the former owner (you) are still responsible for the deficiency, and they will seek to recover that.

The first mortgage holder is the one that gets to decide whether or not to foreclose, but the second lien holder (the home equity lender) usually has the option to pay off the first mortgage holder and step into its position (it may wish to do so if it fears the first mortgage holder selling the house for less than would be required to fully repay the second lien holder).

The initial loan may post on your report the day the financing is completed, however most times the bank that financed your loan won't report until you make your first or even second payment. However, if it was repossessed before this period that would be reported much more swiftly.

When someone dies in CA the relatives of that person are NOT responsible for the debts owed by that person. The credit cards and loans would like you to think you owe the money, but you don't.

Yes! A car is definitely considered an asset for financial aid to College.

consider an area w/no public transportation. You need to be able to get back and forth, for continual productivity.

Financial Institutions Duty, a state duty which all financial institutions pay on the money paid to them.

--pranav@dubey.in

Whoever inherits the house would need to either pay off the mortgage or refinance the house to take ownership of the house. The debt is not paid--unless the deceased had mortgage insurance--and the lien is still due. Of course, the house could be put up for sale, but only if payments are current and not in foreclosure.

With or without the BK (which may add some aspects making it more difficult for you to collect anything on something that is part of the BK), their obligation to you would depend on your (hopefully written) agreement addressing what that obligation would be in the case you had to pay on the loan.

Without something establishing he has a debt to you, it may be tough to prove there is one...just the fact you paid certainly isn't enough, he may have preferred to have it entirely resolved in the BK...in which case you did it for YOUR benefit. He doesn't pay for things you did for your benefit. And after more thought, you may want to check the loan docs to see if there is a term something like"...if the cosigner has to act and pay the lender after demand, the cosigner will take the secured position of the lender..." so you could still have a calim to the car...and actually be part of the BK creditors.

Identifying the TYPE of student loan is crucial to getting an answer to your question. Federally guaranteed student loans have no statute of limitations, nor do they have an expiration date for how long they may show on a consumer's credit report.

The student loan garnishment guidelines are Federal, so they are the same for every state. The guidelines say that collectors can garnish 15% of your pay, but i have seen up to 25% garnished before.

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.

Yes, it is a current asset as part of the cash at bank. It also creates a liability for the amount of the loan.

Yes, depending on their credit record and income and whether those meet the requirements of the lender.

It's my understanding that student loans are not discharged by bankruptcy any longer. YOu should check this, though