I finance a car for a friend, his name is not on the loan, he is got the car but he stopped paying,? related questions

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I finance a car for a friend, his name is not on the loan, he is got the car but he stopped paying,?14Shirley2012-09-10 16:10:02
now I have to pay for the car , but what I can get it back?
What would happen if i stopped paying for a car?3Nastia2012-11-05 15:55:02
What if I leave my payment has been taken by a car that was volunteer completed almost a year ago , the car loan was canceled when they took the car back , but then I said that was part of the monthly payment of a personal loan and payments have continued what would happen if I just canceled it in the bank ?
I stopped paying my car loan, and I still have a year left, it supposed to be repo'd, can I still pay it off?1SHAREEN2012-09-19 17:06:03
I stopped paying my car loan due to financial difficulties and have not paid , say , eight months . Repo Men have been looking , but I'm hiding somewhere discreet. I have one more year on the loan. ? I can pay the remaining balance and not get hit credit ? Will you continue in my car ? ? I can be taken to court and sent to the dwarf ?
My brother stopped paying his car loans.I'm also on the loan. Just bought a house.?5Lincoln2012-10-24 19:25:03
I can not afford to pay their monthly loans . Both are on the loan . He did pay for the last 18 months. What will they do now ? Can they forced me to sell my house ? My brother has really bad credit history , so you can not refinance.
Stop paying on a loan a friend signed for, and get my own, friend don't care.?1Mekilt2012-10-08 10:19:02
My friend signed a car loan for me . I paid 18 payments on time. My friend maxed out their credit cards and stopped paying their student loans and is in solid state. My friend does not have intentions instead of driving (never has) and not pay credit cards or student loans . They are on SSD now and pay 20 % of their income for rent and is always in SSD . I would buy a new car, and go upside down on a loan , but my friend says they have only Repo and give my friend $ 50 per month for saving both interest payments and .. What do I do? And they'll come after her once to sell my car at auction and the balance , and what if there is nothing for them to take ? Thank you !
I've stopped paying my CC, what can I expect, and should I just file Bankruptcy?3Tha2012-09-11 21:43:04
Someone please help me solve this. I've been out of work for over the last two years. I recently started a job and I'm doing just enough to live on and has gone with a friend to save costs. I had perfect credit until now ... only 2 months I lost my first two payments on my credit cards and have not made a payment since. At first I told the CC company that I was not able to make a payment for a few months, but now I see that I have enough money to make a payment at all and I do not see that kind of money again in my current job . I see no possibility that higher pay, and believe me I've been applying for the past two years. My debt with the two cards is 20 k each, with a total of 40K in debt cc. Also I have 14K in student loans on top of that, what I just caught up payment. These debts are all school expenses, I thought I would be able to pay them off soon after school, but, but was not able to complete the program. My question is this ... if I do not pay my cc debt, no home or property, and my car is a pileup, have no dependents, eventually going to happen? I am already being called 13 hours a day by collectors and it's only been two months. Would it be better to simply filing for bankruptcy? My income was 43K 3 years ago, and now in the last two years have been a total of 15 K (mainly won the second half of 2008). If my credit is going to ruin anyway, why not just file chapter 7 bankruptcy if I have no way to pay in the next decade? Bankruptcy seems my only option, but I know I'm desperate and I hate to do something as drastic if there is a better way ... I just need to know what the best way is and what to expect. Please someone enlighten me. Thank you!
Stopped paying credit cards for 7 years??!!!?2Njeri2012-10-27 03:36:02
I recently learned that my handicapped brother had gotten about five credit cards for seven years. He made a very poor choice of maxing them all ( a total of ten thousand or so) and then not pay a cent for them . He said he called for the first year , but now they have contacted in the last six years. So I guess they are definitely a kind of collection agency. But I wonder why just stopped trying to get the money . Each card was only in 1500 that maybe therefore is that it is a small amount stopped trying ? It would not be hard to find, so I can not imagine why they were not seeking repayment of what you owe. He's never going to need a loan , credit or, for that matter considering his disability and how it affects your life , so it has no intention of making a payment and seems to think that everything just let it go . Have they ? What will happen if you continue on this path ? Any suggestions or advice would be greatly appreciated.
My sisters ex husband has stopped paying alimony?1biti2012-10-16 06:33:02
My sister divorced because she found someone else . MedlinePlus MedlinePlus Basically the house rose , children and gave the car , it was a nice thing to do , as it could have been . MedlinePlus MedlinePlus Basically , she has no job and is dependent on him to repay student loans for women's studies , as well as child support and alimony . MedlinePlus MedlinePlus Has failed to pay child support as well. MedlinePlus He says he is barely able to pay for your medicine . BS . It's called insurance . I should get some MedlinePlus . MedlinePlus I have really wanted to turn around to wherever the hell it is and kick his . MedlinePlus *** MedlinePlus My sister wants to know if there are legal options for this?
What would happen if EVERY person in the country stopped paying their debt all at once?2grouse2012-11-05 12:48:05
It seems that the debt is the American way of life today, and it seems to be getting better in the future unless drastic changes are made in our country . If the figure averaged over all U.S. households , the amount that comes to over $ 120,000 of debt per household . When 1 in 3 Americans have no savings , how do you think that many will be able to pay off your debt ? MedlinePlus MedlinePlus Many people will be in debt until you die , if you just make the minimum payments . But what would happen if everyone , all at once , stopped paying her credit card, mortgage , auto , and student loan payments ? Forever? What could I do to banks ? Can they really make their homes all at once? And have 60 million families homeless? There are not enough police to enforce that. Do repo men towing millions and millions of cars away at once? Not enough repo guys do that . The big banks really could not do anything if the entire population rebelled and stopped making payments on the debt for good, the banks would collapse because they make huge profits on interest and late fees . It may not erase the record of debt , but it would be impossible for banks to enforce anything if everyone rebelled at once. MedlinePlus MedlinePlus This idea would only work if literally everybody did. It would not work if only a few families did. It's time to stop being a slave to the big banks. It's time to stop being afraid .
I had unsecured personal loan from Nat west offshore bank, after ew months I stopped paying the loan?4luigi2012-10-07 11:49:02
and the number of checks guaranteed a fight of 5000 pounds because some finical difficulties , the Bank called me and said he will send the case to court , I offered the bank to repay the loan , but declined in my capacity without extra interest but the bank and will have plenty of time to cover the loan , now if the case went to court , the court can order the judge to Interpol police , and was charged Internatinal in Malaysia as NatWest has branch there , I have a citizen 's UK and working in Malaysia , the loan agreement with me and Nat west Isle of Man , and things did not happen with Natwest Malyasia , all my documents in bank fraud is not original .
Best friend declaring bankruptcy to avoid paying student loan!?0nadia2012-10-12 19:18:07
So my best friend told me the other day that she does not plan to pay his $ 26,000 student loan and preferred file for bankruptcy in five years time to avoid paying it. She did not have to pay your loan , but it will have a decreased credit rating for 10 years. MedlinePlus MedlinePlus Here is my problem . We both have the same amount of the loan (about 26,000) and both have been out of school for a little over a year. We both have the same exact circumstances of life as well and both had the same job this year . I paid half of my loan while she spent her money on clothes , vacations , and hanging out with friends . And she is now looking for a car . MedlinePlus MedlinePlus What really bothers me is the first that has no moral . Government has borrowed money that could easily pay in 4-5 years and still have enough to live the lifestyle they are living. And also , would rather sacrifice their credit score to pay a cent back . As in reality , instead of making payments over the next five years , prefer to have a terrible credit rating and not be able to buy a home in the next 10 years? That just shows pure greed to me .... Not that she needs the money , is that she can not bear the thought of returning . MedlinePlus MedlinePlus Every time we go , it will spend $ 100 a night , but she can not pay your loan ? I think of all the people , like me , who work hard to pay that loan or those working while in school to pay ...... and what you are doing really disgusts me . MedlinePlus MedlinePlus Do I have to bring with it or just bite my tongue ?
Legal advice: helping friend w/2 year loan for real estate purchase until she can finance it herself.?0hazy2012-11-03 02:57:58
Ex girlfriend is now a friend. She recently got a good job with a large firm and wants to buy a small house instead of renting. She was laid off for nine months, so qualifying is tough. Can we purchase as tenants in common and still draw up a legal contract that protects my principal interest in a $50K loan from my home equity account to her savings account without future "divorce type" proceedings/ramifications over the next 24 months?

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