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Aug/09Mark Cappel
August 20, 2009I took out a HSBC loan about 13 years ago for $4000.00. I got behind on payments and I am a single mother working 2 jobs, living pay check to pay check. They have turned this over to a law firm for collection. The law firm called and said the amount is now $7000.00. They asked if I wanted to pay the balance, half of it, or make a down payment and then $250.00 per month after. I offered $100.00 mon...
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Aug/09Mark Cappel
August 12, 2009My mom took out an equity loan and but later she placed the property in my name. The loan is now in foreclosure. She is working to get it modified but would there be a problem since the property is in my name? All the paperwork the bank has asked for so far (insurance letter etc) are all in my mom's name still but the property tax notice is in my name. Will the bank be unreceptive because of this?...
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Jul/09Mark Cappel
July 24, 2009
My wife got a car with her dad, she is the primary, and he cosigned the loan before we got married. We got married 4 months after the car was financed. My question is, if the car is repossessed will they be able to garnish my wages?
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Jul/09Mark Cappel
July 22, 2009
I live in Florida, can I be charged with theft by check? I used Langhorne Debt solutions to resolve my payday loans, but Summit Group LLC, and CMG group said they don't work with them. Now they are stating that I owe them $6,000 which is 3K per loan. The original loan amount was only $300.
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Jul/09Mark Cappel
July 22, 2009My mom took out an equity loan and but later placed the property in my name. The loan is now in foreclosure. She is working to get it modified but would there be a problem since the property is in my name? All the paperwork the bank has asked for so far (insurance letter, and so on) are all in my mom's name still but the property tax notice is in my name. Will the bank be unreceptive because of th...
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Jul/09Mark Cappel
July 22, 2009If I bought a car 2 days ago, and signed all the documents. Can the dealership call me asking for more money down and can they change the loan agreement?
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Jul/09Mark Cappel
July 21, 2009I was in the process of buying a car with my brother who was going to pay cash. He is out of state and was going to send a wire transfer if the deal was right. We anticipated a trade-in but it was never written on the contract I signed. They delivered the car to my house without me realizing they were going to do so. My brother never signed any paper as co-buyer. I signed as co-buyer. The next day...
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Jun/09Mark Cappel
June 29, 2009My daughter wants to take out a loan to pay off MY car loan (she likes my car and doesn't want me to trade it in). She can't afford the monthly car payment I currently have. So, she wants to take out a loan to pay off the car (approx. $11k). What's the best approach to do this?
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Jun/09Mark Cappel
June 26, 2009We opened a business line of credit in about 1985 in the name of our corporation. We sold the business in 1993 to a friend and stupidly left him to pay the line of credit. It has been 60-90 days behind for 15 years but has never showed up on our credit report. Now a collection company is calling wanting us to pay it off. Will this ever show up on our personal credit if we ignore it?
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May/09Mark Cappel
May 12, 2009I currently have a 15 year mortgage with PHH @ 4.75%. Could I refinance at the same rate for 30 years?
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