I'm not sure if I get the question. Are you talking about having a cosigner orlike in a PLUS loan? If a borrower dies, the loan can be discharged.
A joint account is just another bank account which can be used for any purpose. Yes, you can use it to take a personal loan or pay for one. There are no restrictions reg. joint accounts not be linked with personal loans.
You are still respnsible for paying should the borrower die.
No. Credit history pertains to the individual. With the exception of joint accounts such as credit cards, not bank accounts.
It is not likely you will get a payday loan with just a prepaid account. In order to get a payday loan, you need some guarantee that you will get your next payday. Lenders will ask that have a steady job, an active checking account and possibly signed up for direct deposit too.
Most lenders will allow you to continue to make the payments as the loan is. Some may modify the loan. As long as you can continue the payments, you will be ok.
The survivors of a decedent are not responsible for his debts unless they co-signed a loan with him. So no, you are not responsible simply because you had a joint bank account.
No
No, unless you so-signed on the loan you are not responsible for the loan. The only way you are affected is if someone uses your share of the money in the joint checking account to pay their personal loan, but legal responsibility does not fall on you...
Possibly, but you should consult your joint account holder before doing this.
Well in Canada they cannot, unless it is a joint bank account or the family member co-signed for the loan.
A joint account is just another bank account which can be used for any purpose. Yes, you can use it to take a personal loan or pay for one. There are no restrictions reg. joint accounts not be linked with personal loans.
Their going to come after you to pay the debt. YOU CO-SIGNED! That means in the event that the primary borrower can not or does not pay the loan you are responsible to pay that loan. There is no way around that.
Yes to the extent that the loan becomes an asset (bank account, etc.).
Yes. Or the bank can "add" you to the loan and retain the originator too making the loan a "joint" or "co-signed" loan.
The mortgage obligation remains on the property. If the holder of the mortgage dies then her heirs own the mortgage.
No. Credit history pertains to the individual. With the exception of joint accounts such as credit cards, not bank accounts.
You are still respnsible for paying should the borrower die.