How does a student loan affect your credit?

I have a student loan that is about 50K. I am making payments on it but I am on the income contingent plan and every month I get a statement showing that what Im paying is not enough to pay even the interest, so the balance is higher every month. Does this negatively affect my Read more >>

What are the tax liabilities for personal loans and gifting of money?

If someone were to grant a large personal loan to someone else (100K or larger) what are the tax liabilities or responsibilities of the lender and the borrower – if any? You don't mention what country you are in. Under US tax law. The borrower has NO tax related to a loan. The lender would Read more >>

Is a bank or a credit union better for mortgage loans? I am with a bank and heard that credit unions are a?

better way to get approved for mortgage loans, and are overall better. Is this true? Thanks! Credit unions do typically offer better deposit rates and have lower fees. Their rates are generally competitive and they try to give personal service to you since credit unions are own by members (the people that use it), so Read more >>

Is it possible to get a home loan with bad credit?

My credit score is around 530 and My husbands is around 630. I have charge offs from 2005 (that will be on my credit report until 2012) We both have good jobs and bring home around 7000 together each month. We also have around 30,000 saved up for a down payment. Since our income is Read more >>

What happens with Home equity loans and lines of credit if you file bankruptcy?

Would these debts be "forgiven" also and if so, does this affect your house which was used to achieve the loan? The answer to your question is pretty complicated. I would definitely contact a financial professional and discuss this before making any decisions regarding bankruptcy. The short answer is the debt may be forgiven if Read more >>

If I move to a foreign country what happens to my debt amd student loans?

I live in Texas but I am moving to Australia next year. I have about $70,000 in unsecured debt, medical bills and student loans. Would this have an adverse effect on my new beginnings in a foreign country?? Not if you continue to pay the debt off. If you think moving will absolve of the Read more >>

Does anyone know of a lender who will provide commercial loans to someone who filed bankruptcy?

I filed for bankruptcy two and a half years ago after getting divorced. I am now trying to buy an existing bar/grill. All the lenders I spoke to will not loan to me till after my bankruptcy is off my credit report(another 7 1/2 years), even though my credit score is average, I have money Read more >>

How long did it take you to pay off your college loans? What college did you go to?

My parents are encouraging me to go somewhere very close to our house, but i have my heart set on going somewhere else. They are trying to sell me the idea that i may never pay off my college loans. Still paying…….U.C.L.A.

Is there a way I can take out student loans and pay my car loan off with it?

I owe about 12,000 on my car loan with an interest rate over the roof….I figured if I borrowed a lot of money i could pay that loan off with the money I borrowed and get a really low interest rate for my car. Am I allowed to do that? no college is going to Read more >>