Pooch Lover asked:
I do not live in my house where the home improvement was taken out. The loan is in my name only. My daughter now lives there and pays me the home improvement payment to me and I pay it to the lender. Is this legal? I believe I asked the wrong question. My lender is Citi-fianial.. Please help. Sry about the last question. Keep it simple lol ty much! Hugs
I do not live in my house where the home improvement was taken out. The loan is in my name only. My daughter now lives there and pays me the home improvement payment to me and I pay it to the lender. Is this legal? I believe I asked the wrong question. My lender is Citi-fianial.. Please help. Sry about the last question. Keep it simple lol ty much! Hugs
Tags: Citi, Home Improvement Loan, Sry
yes as long as she makes the payments
The lender could not, at this point, care less how you are getting the money as long as you keep making the payments.
Sure - anyone can pay your bills - she could pay the bill directly to citi-financial if you want - the down fall is if she defaults on the loan it lands on you cuz it is in your name! Hope that helps!
I don’t think the lender would care, as long as they get their money.
Anyone can make payments on anybody’s loan that they choose to. I’ve made many an installment payment for my children at various times. All the bank or finance company cares about is that you put the correct account number on the check so they know where to credit the payment.
You are the one actually paying the loan, it doesn’t matter where or how you are getting the money to pay for it.
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