0
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
It's my understanding that student loans are not discharged by bankruptcy any longer. YOu should check this, though
m,nfsjlkfdjlkfdmfd
can I sell my home and take use of prop 13 on another home in the los angeles county?
i would like too know the answer to this question too except im in California do the laws change
Assuming that the parents have good credit and the child is attending a school for a discipline that is set to be stable or grow in the next decade, the probability that the 18-year-old will get a Sallie Mae loan is good.
During a deferment I am not required to make payments on my loans.?
That is correct, you are not obligated to make payment on the loans while in Deferment. You can stay in Deferment for up to 3 years.
Can you apply for economic hardship with your defaulted student loans since you don't have a job?
You were eligible for an Economic hardship deferment on your Federal student loans up to the point that you became 270 days delinquent. Once past 270 days late, you fell into Default. In Default, you are not eligible for Deferment or Forbearance.
There are only 2 ways to get out of default on your Federally Guaranteed student loans.
- Contact your collection company or student loan servicer and request to enter the rehabilitation program. Most people qualify, but I have seen some refused when the default is over 10 years old. In the rehabilitation program, you will need to make 9-12 on-time payments in addition to your garnishment. After the 9-12 on-time payments, they should stop the garnishment, but you will stay in a default status until your Rehabed loans are sold to a new lender. In the past, that was an easy process, but in these turbulent financial times, other lenders are not buying rehabed loans. So, with this option your loans will stay in a Default status for the forseeable future.
- The second way you can get out of default and have your garnishment lifted is to consolidate your loans. These days very few Federal lenders will consolidate defaulted loans and your lender will probably not release the loan for consolidation while in a garnishment stage. The good news is, there are a few companies out there that will help you get a garnishment lifted and find a Federal lender to consolidate the loans. One good example is Default Management Services, Inc. They are the cheapest I have seen and give a 100% money back guarantee on their services. You can Google the company name to get the phone #. Ask for Doug.
Is a co-signer responsible for the loan if the main borrower dies?
Generally, yes. That is generally the purpose of requiring a co-signer for any loan.
In the US, the answer may be no if the loans are federally guaranteed student loans. Once the borrower dies, the government will forgive the loans. Contact the Ombudsman's office with the Department of Education.
When where and who do you pay your OSAP loan to?
Read the loan documents you signed when you loan was approved. If you don't have a copy , get one from you school's Financial Aid office. Not all loans have the same terms.
What happens if your ex wife uses your social security number to apply for a loan?
I would sugest hiring a lawyer for that. What you need to do is that you need to go to the bank where she had the credit card, cancel it, and take her to court using the lawyer you hired. Be sure that you have evidence, or your case won't matter.
Can you get financial aid with a theft felony?
The only stipulation against getting a student loan and a crime is for possession or distribution of illegal substances/drugs while receiving aid from the government. A dumb law, in my opinion. However, that is a different discussion.
If you loan your vehicle to an unlicensed person or a person with suspended you my be punished how?
This is an international website. If you resubmit this question please indicate a country / state / province.
How would an individual find out about the amount of a loan taken out?
Can be a complicated answer - or simple. If it is YOUR loan, just call the lender and ask. If it is SOMEONE ELSE'S loan - probably not, since it is private transaction between the lender and the borrower. UNLESS, the borrower used property to secure the loan (collateral) that he owns jointly with someone else (i.e. - spouse/family member/business partner) and then the picture changes, and the person who owns intreest in the pledged collateral MAY have access to the information.
What risk is inherent in second mortgage loans?
the main risk is that the first mortgage will not be paid. if the first mortgage is not paid, goes into default, and is foreclosed, the second mortgage will be determined in the foreclosure sale.
Is there a statute of limitation on Student loans?
No. You have to pay them back.
Answer2
It's a statute not a statue. A statute is a law, a statue is a piece of sculpture.
Can father-in-law sue his son-in-law if a personal loan was for son-in-law and his daughter?
yes he can. he can have the right to sue his son if the son has had something he was doing that was wrong! and steeling money from him would be wrong.
You may not want to try it.
How does not repaying student loans affect the college and other students?
It affects all of us that pay taxes or want to obtain student loans for us or our children. Theft of this funding for any reason should be criminal. Absolutely yes, it hurts everyone. Not paying these loans is stealing clear and simple.
Are liens extinguished after a mortgage foreclosure?
No. They are liens on the property. Typically what happens is the property will be foreclosed and sold. The liens, including the mortgage, will be paid off in the order of being placed. Once all liens are paid off, if there is any money left over, there might be some money for the owner.
A Different PerspectiveLien priority is important in a foreclosure procedure. That's why a lender who loans a considerable amount of money on a home secured by a mortgage seeks to be in first place and will often require other lenders to subordinate their liens.Lien priority depends on the time of recording except for property tax liens which take priority over every other type of lien, even a first mortgage. The foreclosing lender takes the property subject to any lien recorded prior to the mortgage being foreclosed. The foreclosing lender must pay off those senior liens. Any lien recorded after the mortgage is a junior creditor and that lien gets wiped out as of record and will not affect the title to the real estate for any future owner. One exception is IRS liens which do not get wiped out and must be paid to clear the title to the property.
Junior creditors can go after the debtor personally but they will have no interest in the real estate.
You can read a good example at the link provided below.
How can I get an Stafford loan?
You will need to fill out the FAFSA to see if you qualify. You may do this by going to fafsa.gov. However, in order to apply for the Stafford Loan, I suggest you go to the Financial Aid office (or whatever they may call it) at your school. For example, I had to go to the Financial Aid Office at my school and fill out a paper with my name, student I.D., SSN, amount of money I wish to borrow, and more. Every school is different so contact their office to make sure.
How long does it take for federal financial aid to be disbursed to your school?
It takes about a week because its being sent to two different offices. It takes two days longer if you did not set up a direct deposit with your school.
You co-signed for a student loan Can you be removed as co-signer?
Generally, no. However, you must ask the lender or lenders if you are shopping for a loan. In many cases, the lender will not remove a co-signer until the loan is paid due to the high default rate on student loans.
Another Perspective
I have had a student line of credit with a co-signer, and depending on your lending institution (mine was a common bank) when its time to repay the loan, a co-signer can be removed as early as 6 months in to the repayment process if the primary loan owner has made 6 months worth of payments and can show 6 months of continuous income. Not all banks do things the same. I suggest asking these questions to different lending institutions.
What is the problem UAE bank loan not paying after loss the job means termination company?
nothing ,you cant go there and no make visa also thank you.
Does the Higher Education Act provide for student loan consolidation?
The Higher Education Act does provide student loan consolidation under the Federal Family Education Loan and Direct Loan programs. The loan consolidation may lower interest rate and extend the amount of time to repay.
Which universities in the US give need-based financial aid to international students?
I believe the U of Minnesota gives in-state tuition to international students. Washington University in St. Louis (Missouri) provides resources for acquiring financial aid to any student, American or international.
It is known as the Peace Corps. It is still functioning.
