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student loan to pay for car Sandford Student loans are intended to pay for college, but education costs include more than tuition. You can also use student loans for living expenses. You’re limited to borrowing the school’s.

When you're dealing with divorce, you and your former spouse are still responsible for any shared loans and joint debt, such as a car loan.

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Life continues after a divorce, and partners who split will often want to buy another home. But even if you sell your house and want to buy another, you have to get a signed separation agreement before you can even think about getting another mortgage. "The separation agreement, one of the things it sets out is any type of support.

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What Can I Do if I’m Getting Divorced & Co-Signed on My Ex’s Truck? By Beverly Bird . It’s usually easier to end your marriage than to get out of a joint loan obligation with your spouse. If you co-sign for a vehicle with your ex, the lender has no legal obligation to let you off the hook for the loan simply because you’re divorcing. Your repayment agreement is a legally binding contract.

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Divorce is not only emotionally difficult for you but it is also difficult for your financial condition. How? When a marriage ends, individuals split assets and go separate ways. But, what happens to liabilities such as an auto loan? In an ideal world, both the individuals assume the responsibility of.

You may need to get creative to refinance your car after the divorce. Relying on a single income and credit score could leave you paying a higher interest rate. To keep your payments more affordable, the lender might require you to spread the payments out over a longer period — perhaps by writing a 60-month loan for a car that’s already a year or two old. This reduces your monthly bill but.