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Additional Details
what do you mean and? like how to cut food costs low and clothes spending?... |
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 Where can a 16 year old work that pays a lot of money? |
hi,
i am 15 now but i will turn 16 in 30 days and i am looking for a job that pays a lot because i am saving up to buy a car.
and if that helps i like and i know a lot about cars...
... |
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not selling lemonade or anything like that!!
best true answer gets pts.!!!!!!... |
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 Easy ways to make money...? |
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 Homeless , need help fast please!!!? |
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I am now scared of losing it.
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Help!... |
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 Is better to find a loan my self or if the realestate company does it for me? |
| SHOULD I LET THE REALESTATE COMPANY FIND ME A LOAN OR AM I BETTER OF IF I DO IT MYSELF.... |
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prevails | My son owes money to a loan company and wont pay his last address was at my house will this affect me? |
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my16paws
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If you have not signed anything for your son's loan, the only affect on you will be the never ending calls from the collection agencies tring to find him. Whenever one of them calls just give them his new address and phone number right away. |
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Bret
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They will try to collect it from you if they can't find him. However legally, you are in no obligation to pay unless the debt is under your name. If he doesn't pay, the worst that can happen is ding his credit unless the amount is a large sum. If your son owes a large loan, then the lender will come after your son like a mad bull in court. Keep in mind, your son's credit rating will go down fast and would not be able to get any future loans even if the loan is small unless he cleans up his debt/bad credit. |
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introducinlilmiss
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not only will it affect your sons credit rating but it will go against your property and if you are financial linked to your son then this is where you will have problems gaining credit ...
i would notify the loan company even if it means shopping your son and point out that he isnt at your property and you dont want the debt attached to you or your property |
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froggyherts
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Check your credit report and if your son appears on it (as linked by address or name), you can ask to have the link removed, as long as you have no current financial tie (i.e. you are not a guarantor for him on anything, loans, rent, bills...).
You can check your credit report for free with Experian (I think - read the site's conditions well though) or for a small fee with Equifax. |
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Sandra M
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No it won't affect you until the loan company goes to sue him then they are going to serve the law suit papers to him at your address. Now as his parent you really can't say you don't know where he is because I am sure that you do know where he is so just accept the papers when they come and give them to your son. That way he knows that he has to appear in court and if he don't they can get a judgement against him in his absence. At this point it is no longer your problem unless they send the sheriff's to your house on a levy and you can tell them that he has no property there. |
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dickn2000a
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No. Unless your name is on the note! |
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Judy1
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It won't affect you directly, but you'll get a lot of calls and letters for him. |
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golferwhoworks
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no as you did not sign the note |
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*Babe*
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If it's a big loan, yes your house will be blacklisted too. Otherwise, just him that has a bad credit. |
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lilly.lydia
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No, it will only affect your sons credit rating as your didn't sign any note. |
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robert43041
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Nope. Not as long as your name is not on that loan. He changes address, that 's all. He moved, his bills move with him. Not your problem. |
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