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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
What happens if you do not pay educational loan?
if we don't pay educational loan, our passport maybe will blocked from visit another country. also our name can be included in CTOS, so after we want make anything loan its can be complicated.
Can you get a title for a car that has been stored but has loan owed by someone else?
The title must be signed over by the "owner". In this case if there is money owed on a loan for the car the owner is the institution that loaned the money (bank or finance company). Was the car towed for some reason and has been stored at the tow company lot? Normally they have a type of lien on the vehicle for the amount of the tow plus storage fees. After a certain number of months they can auction the vehicle for the amount owed. But if the vehicle is legally owned by an institution then you must contact them and find out if they will broker a deal with you to redeem the vehicle out of the storage lien and pay them some amount to clear the loan.
Why should you get a bank loan rather than a loan from a finance company?
You will have better advantages
Is a reverse mortgage a good thing?
Reverse mortgages can definitely be a 'good thing' however it really depends on your personal situation. Many seniors find it beneficial to explore reverse mortgages if they are having trouble keeping up with bills or heath care expenses. A Reverse mortgage can help but allowing you to draw from the equity your home has built up over the years with out having to sell it. This can help many people retire more comfortably.
In order to obtain an NJ reverse mortgage (or in other states I believe), you must be at least 62 years of age, live in your home as a primary residence, and own the home in full (or at least be able to pay the balance of your home with the proceeds of the reverse mortgage).
Can an online payday loan garnish your wages in the State of Maryland?
No. Payday loans are illegal in the State of Maryland. Collectors are also prohibited from attempting to collect on payday loans in Maryland. Any lender or collector must be licensed by the State of Maryland. These businesses are not. You can report any issues you are having with harassment to the Maryland Commissioner of Financial Regulation.
Can a cosigner be taken off the loan if the primary applicant dies?
Generally, no. The co-signer would become solely responsible for paying the loan.
Generally, no. The co-signer would become solely responsible for paying the loan.
Generally, no. The co-signer would become solely responsible for paying the loan.
Generally, no. The co-signer would become solely responsible for paying the loan.
Which type of loan institution is owned and operated by the same people who have accounts in it?
A mutual.
What is a cosigner responsible for on a car loan?
The co-signer will be completely responsible for paying the loan if the primary borrower defaults on the payments even though the co-signer will have no ownership interest in the vehicle. A co-signer should always be completely informed about the consequences of co-signing. They are guaranteeing that you will pay. If you miss payments it will affect their credit record. If you default it will also wreck their credit.
In short, co-signers are responsible in making sure that the primary borrower is able to make the payments on time, and if not, will be their responsibility to continue and settle the payments if the primary borrower fail to do so.
How many payments have to be missed before foreclosure by the mortgage company?
Technically you are eligible for foreclosure the day you miss a payment, but in practice this is never the case. Most lenders will begin the foreclosure process after 3 payments are missed, but that does not mean the home will be foreclosed. Many lenders are required by law to work with the borrower to modify the loan, or otherwise demonstrate significant effort to avoid the foreclosure. Many foreclosures take 6 months to a year to complete. This varies greatly by state, loan type, and investor/owner of the loan.
If you are renting the property below market rates to a related party, you cannot report a loss. If the loss is because that's the best you could do in an arm's length transaction, then you can and should report the loss. In any case you must report the rental income you receive. If you elect for some reason not to show all of the expenses, there is no law that requires you to do so.
Are online auto loans legitimate?
Not so sure about the 60minute and instant approval ones...my advice there would be to proceed with caution.
But I have used Prosper before, which I do HIGHLY recommend.
Can a co signer take over ownership of car loan and get insurance?
A co signer is for the loan, they do not have any ownership in the car unless they are on the front of the title. If they just co signed for the loan, that lmeans they will pay for it if the owner does not. Even if they paid the entire loan, they still would not own the car. To transfer the car, they would have to either pay the loan off or get a loan in their name and you sell the car to them.
if your on the title be prepared to take over the payments.
It sounds self-explanatory to me.
Can a cosigner have their name removed from a loan if the co-signer is incarcerated?
No. The co-signer would be responsible for paying the loan.
No. The co-signer would be responsible for paying the loan.
No. The co-signer would be responsible for paying the loan.
No. The co-signer would be responsible for paying the loan.
