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No, there are NO wage garnishments in the State of Texas. However, you can file civil judgements with documentation that shows the other party equally responsible for the debt. In the event you are awarded your judgement, you can then file on property of the party (co-borrower). You may have to wait for your money, but the responsible party will not be able to sell or refinance their property without first satisfying their debt to you.
What else can I help you with?
What is the maximum number of cosigners allowed on a mortgage?
The maximum number of cosigners allowed on a mortgage typically depends on the lender's policies, but it is usually limited to two cosigners.
Are there any services available for hiring cosigners?
Yes, there are services available that help individuals find cosigners for various financial transactions, such as loans or leases. These services typically connect individuals in need of a cosigner with willing individuals who meet the necessary requirements.
How many cosigners are typically required on a mortgage?
Typically, one cosigner is required on a mortgage, but some lenders may require more depending on the borrower's financial situation.
What is the most common car loan term used by borrowers?
The most common car loan term used by borrowers is typically 60 months, or 5 years.
How can I find a cosigner online for my loan application?
To find a cosigner online for your loan application, you can consider using cosigner matching services or platforms that connect borrowers with potential cosigners. These services typically require both parties to create profiles and undergo a verification process to ensure reliability. Additionally, you can reach out to friends or family members who may be willing to cosign for you and discuss the terms and responsibilities involved.
How do lenders make money from borrowers?
Lenders make money from borrowers by charging interest on the money they lend. Interest is a fee that borrowers pay for the privilege of borrowing money, and it is typically a percentage of the total amount borrowed. This allows lenders to earn a profit on the money they lend out.
Can you ever get another car loan once your car is repossessed?
Sure, you can. The entire sub-prime lending market is waiting for you. Max legal interest rate, higher DP, its all about you. The OCC bulletin 2001-6 says: "The term "subprime" refers to the credit characteristics of individual borrowers. Subprime borrowers typically have weakened credit histories that include payment delinquencies, and possibly more severe problems such as charge-offs, judgments, and bankruptcies. They may also display reduced repayment capacity as measured by credit scores, debt-to-income ratios, or other criteria that may encompass borrowers with incomplete credit histories. Subprime loans are loans to borrowers displaying one or more of these characteristics at the time of origination or purchase. Such loans have a higher risk of default than loans to prime borrowers.
What type of loans will typically offer the lowest interest rate?
Loans which are secured against the borrowers assets.
What is the process for finding an online cosigner for a loan application?
To find an online cosigner for a loan application, you typically need to search for reputable online platforms that connect borrowers with potential cosigners. These platforms usually require both the borrower and the cosigner to create accounts, provide necessary information and documentation, and undergo a credit check. Once a suitable cosigner is found, they will need to agree to cosign the loan and provide their personal and financial details.
Can anyone be a cosigner for a loan or financial agreement?
Not everyone can be a cosigner for a loan or financial agreement. Lenders typically require cosigners to have a good credit history and stable income to qualify.
What percentage of deposits can a bank lend out to borrowers?
Banks can typically lend out around 90 of the deposits they receive from customers.
When will the judgments take place?
Judgments typically take place after all evidence has been presented and parties have made their arguments. The timing can vary depending on the complexity of the case and the court's schedule. It is important to check with the court or your legal representative for specific information on when judgments will occur in your case.
