Who is responsible for paying off a decedent's personal loan?

Answer Under U.S. law, unsecured personal debt cannot be inherited. If a decedent's estate is solvent after funerary expenses, death taxes and probate fees are paid, any personal loans must be paid off by... Read More »

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Should a Responsible 14 year old Get a iPhone 4 if he's paying for the phone and the mom paying for the bill.It'd be for a birthday gift and a a small part of he's Christmas present?

Whether or not you are responsible can't be determined by yourself, that's an incredibly biased opinion. Personally, I think that if you're buying the iPhone yourself, you'll value it much more, an... Read More »

Can I Put an Extra Loan Payment to the Principal of a Personal Loan?

You will have a minimum monthly payment amount on any personal loan. You must always repay at least this minimum amount, but you may choose to pay additional money to further reduce your principal-... Read More »

Can i put an extra loan payment to the principal of a personal loan?

On One Hand: Make Extra Payment To PrincipleUsually you can pay extra money on the principle of a personal loan. The extra payment will reduce the interest you pay over the life of the loan because... Read More »

Who is responsible for paying a child's medical bills if the parents are divorced?