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What happens to subsidized loans for college if you take a summer off?

December 31, 2009 - 4:02 pm

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Posted in Student Loans | 2 Comments

Subsidized loans for college, says the goverment pays the interest as I attend school at least on a half time student. Which is 6 credits a semester. But what if I only take one (3credit class) or even take the entire summer off? Will I be responsible to start paying for my [...]

How will paying for a car loan on a repo car affect my credit score?

December 31, 2009 - 9:10 am

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Posted in Student Loans | 4 Comments

My husband and I signed a $20,000 loan on a truck. The payments were behind and the car was in a wreck. The truck was repossessed and the loan company says we still owe $8000. The loan company offered a settlement of $2800 if we pay by the end of the month. Does this sound [...]

What happens to the status of student loans if I transfer undergraduate schools?

December 30, 2009 - 6:17 pm

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Posted in Student Loans | 1 Comment

I just transferred undergraduate schools and still have some student loans from my previous school (Sallie Mae and Federal Direct loans). Is there some sort of clearing house that my new enrollment status will be sent to so that the loan agencies know that I haven’t just stopped going to school (and thus cause [...]

What are the ins and outs of getting a construction loan to build a home?

December 29, 2009 - 10:35 am

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Posted in Student Loans | 3 Comments

My husband and I are 1st time homebuyers. We have been preapproved for a house loan, but are not having luck finding what we want. We have toyed with the idea of building our own. What are the differences between getting a preapproved loan and buying a already built house and going through [...]

What credit bureau do loan officers or underwriters look at to calculate a 620 credit score for a FHA loan?

December 23, 2009 - 11:13 pm

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Posted in Student Loans | No Comments

There is Experian, Equifax and Transunion I have different scores for each, but which one do loan officers and underwriters look at to approve you for an FHA insured loan? Do they look at the highest, lowest or average?

Can student loans prevent you from leaving the US?

December 23, 2009 - 12:25 am

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Posted in Student Loans | 4 Comments

If I am a US citizen with student loans (about 13k) will I be allowed to leave the States?
I am planning on moving to another country for a period of time in order to get married to my fiancee. However, I intend to return to the States and pay the loans in any case.

What loan forgiveness programs are out there for those in education?

December 19, 2009 - 7:23 am

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Posted in Student Loans | 4 Comments

I keep hearing references to new loan forgiveness programs for those of us in education. I am a teacher with student loans to repay, and additionally am in the middle of another masters program and have student loans for that. Is there any substance to a loan forgiveness for educators, and if so…how [...]

How many US auto loans and home mortgages financed by banks are out there?

December 19, 2009 - 1:02 am

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Posted in Student Loans | 1 Comment

I’m trying to discover the # of US home mortgages and auto loans financed by banks in the US and the average value of each type of loan. It’s for a school project.

How exactly does a secured loan work?

December 15, 2009 - 11:18 pm

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Posted in Student Loans | 3 Comments

If I got a secured loan against my home and I sell me home, do I have to pay my unsecured loan off when I sell my home? Or can I continue to have my loan and pay it off every month for the term of the loan?
No, I am not talking about a home [...]

Is paying off defaulted loans that aren’t on my credit report going to help my credit score?

December 15, 2009 - 3:53 pm

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Posted in Student Loans | 4 Comments

I owe $9,000 in student loans. They just started garnishing my wages for $500/month. The loans were from 1998 and do not appear on my credit report. The collection company told me that once they’re paid off that they will appear as not in default on my credit.