[cezanave]

...will it affect him( he has a mortgage on our house)? i mean obivously i plan to pay after i graduate but what if i miss a few payments, will they immediately take his house away? thats my worst nightmare, but yeah, i mean i definately plan to pay but if something goes wrong like one or two payments late, will they immediately take our house? or if i am late for some payments will it affect his credit?

[Allen]

Minimum payments are like $50 for a student loan. Taking an entire house for missing a $50 payment doesn't sound too fair does it? Most loans allow you to release your cosigner from loan after a certain number of on time payments. Chances are if you miss payments, you won't be able to release your father from the loan and the two of you will be responsible for paying it back. Missed payments will increase your interest rate and you'll end up paying more in the end. And no, you house won't be in danger.

[scrappysmom]

If your loan goes into default.. which means you miss a payment, he is immediately responsible to make that payment. IF niether of you make that payment, they can take any assets you have to cover that loan.. that usually will not happen unless you are in BIG TIME default by 6 months or more. and yes, once it goes into default it will show up on both yours and his credit report but if you pay it on time, it will also show on both credit reports.. This is gov. they don't play around. If you get financially strapped there are deferrnent options you can look at: interest only payments, unemployment deferment, underemployment deferment, economic hardship deferment, etc.. You can actually defer in different things for about 15 years so they will work with you just as long as you don't let it go into default.. but yes, it's like the IRS.. they can keep taxes or wages or anything you or he has to pay for it.. (but not immediately) If you call them and tell them you are having difficulty with a payment, they will work with you as long as you call them before your 6 months past due date.

[Mcsmith Brown]

Hello my dear,dont fall prey to those hudlums out there that call them selves money lenders.All they want is your money after that you wont hear from them again.They have done it to me twice before i met davidson Loans venture Inc plc.If you really need a legitimate money lender,i will advice you to hurry down to davidson Loans venture Inc plc.They give at 2% interest rate.I have full assurence of their service because my loan was giving to me within two days of application.Here is their company address DAVIDSONSTEVE11@Yahoo.Com THEY OFFER ALL CATEGORY OF LOANS WHICH ARE!!!!!!!!!!!!!!!!!!!!!!

SHORT TERM LOANS ( 1-5) YEARS

MEDIUM TERMS LOANS (5-10) YEARS

LONG TERM LOANS ( 10 YEARS AND ABOVE)


THEY OFFERS LOANS USED FOR THE FOLLOWING...

HOUSE MORTGAGE

DEBT RE CONSOLIDATION LOAN

HOME IMPROVEMENT LOAN

BUSINESS START UP LOAN

BUSINESS DEVELOPMENT LOAN ETC....


WHEN IT COMES TO FINANCIAL UPLIFTMENT DAVIDSON LOAN VENTURE IS THE ANSWER TO YOUR PROBLEMS...

GOOD LUCK....................

[Frank Petti]

Hello
I am Frank Petti by name, the C E O of Petti Micro finance, i am a Reputable, Legitimate & an accredited money Lender.I give out loans to individuals and companies in need of financial assistance.Do you have a bad credit or are you in need of money to pay bills?
You can use this medium to solve all your problems as i render reliable beneficiary assistance and will be glad to offer you a loan at 2% interest rate.
Services Rendered include:
*Refinance
*Home Improvement
*Inventor Loans
*Auto Loans
*Debt Consolidation
*House Loans
*Line of Credit
*Second Mortgage
*Business Loans
*Personal Loans
*International Loans
Please write back if interested.
Upon Response, you'll be mailed a Loan application form to fill.
(No social security and no credit check, 100% Guarantee!)
I Look forward permitting me to be of service to you.
You reach us via e-mail:frank_petti55@yahoo.com
office number, 00233-28-52-52-676,
(C E O) Tel-+233-24-82-40-801,