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What else can I help you with?
Have you ever regretted cosigning a loan for your ex?
Yes, I have regretted cosigning a loan for my ex.
Can social security take your check if you are a co-signer on a student loan?
If you are on social security you should not be cosigning on a student loan. You would be guaranteeing that if the student doesn't pay off the loan you will. The federal government can garnish your social security benefits to recover student loan payments.
Have you ever regretted cosigning a car loan for your ex?
Yes, I have regretted cosigning a car loan for my ex.
If a student loan is paid in full by the student does the cosigner have to pay the like amount also?
Cosigning means you will pay any amounts the borrower does not pay, so if your son has paid the loan off, it is done.
Does a deferred student loan show up as a lien on a title opinion search when buying property?
You can buy property but if you should ever sell the home the lien will take it part of the money you need to pay and you would get the balance. As far a your student loan that is not a lien. you will have to give up your Income Tax to the person you need to pay until the payment is paid in full.
Is a home equity loan considered a lien?
Yes
Does using your home for collateral put a lien on your home?
Yes. The lien created by using your home as security for a loan is called a mortgage.
How does cosigning for a car loan affect your credit?
No.
If a parent has a son moving out of country and the parent is a co signer on a finincial aid loan can the parent place a lien on his home?
No. Not unless the parent brings a court action against the son and wins a judgment lien. In that case the court will issue a judgment lien that can be recorded in the land records. The son could not sell or mortgage his home unless the lien was paid. On the other hand, the parent could ask the son to grant them a mortgage on his home in the amount of the student loan.
Does your credit score drop after cosigning on a loan due to the amount of the loan?
Yes.
Can a collection agency put a lien on your federal tax refund?
Most definitely for almost any loan. If it is a student loan, you can count on it.
Will cosigning a loan effect your ability to get a loan?
Yes, it will affect your debt to income ratio.
