In most cases a waiver has to be signed that states the spouse will not be responsible. This is especially true for credit cards. If you have signed a statement in contract that states in case of death... it depends on what it states; responsible or not responsible, again it is all in the fine print. There may be a waiver on a loan if the spouse had no knowledge of said loan if loan was signed into being prior to a wedding date.
Yes, spouses can consolidate their student loans together through a process called spousal consolidation. This allows them to combine their individual loans into a single loan with a single monthly payment.
no she cant be because she did not take out the loans out
When a bank fails, loans are typically transferred to another financial institution or a government agency. Borrowers are still responsible for repaying their loans, but the terms and conditions may change.
Sub-prime
If a bank collapses, loans are typically transferred to another financial institution or a government agency for collection. Borrowers are still responsible for repaying their loans, but the process may be managed by a different entity.
Yes, spouses can consolidate their student loans together through a process called spousal consolidation. This allows them to combine their individual loans into a single loan with a single monthly payment.
Federally Guaranteed student loans are linked to the borrower by their social security number. Only the person listed on the loan by SS# is obligated to repay the loan, not spouses, parents, children, or anyone else.
They are not responsible, but they will consider the spouses income as part of your ability to pay and determine your monthly payments (if on some kind of repayment program) according to your total family income.
If the her is your wife you are responsible for school loans and any other loans as well.
Normally a surviving wife will inherit both the assets and liabilities of her husband, including bank loans. Marriage is an economic partnership.
Only if you have proof beyond the shadow of a doubt that they lied and the broker was an employee and not a subcontractor.
The parent's estate is responsible for the loans. If there are no cash assets to pay the loans the lenders will take the property such as real estate or a vehicle.
There are two levels of government responsible for regulating payday loans. These forms of loans are regulated by the federal and state levels of government.
The estate is responsible for the debts of the deceased. The creditors should be notified of the death but they are out of luck is there are no assets.
no she cant be because she did not take out the loans out
You will never be responsible for his debts unless you co-signed on loans or debts. If you are the executor of his estate, then you must pay his debts out of the estate.
If a parent were to obtain a federal school loan for their child and the pass away , the child would not be responsible for paying it back. The loan would be discharged due to death discharge. A death certificate would have to be shown to prove death of the borrower.