Question by shanes_mom2002: A verbal agreement regarding persoal loan?
My ex/father of my oldest son lent me $ 2200 as a personal loan with an agreement that I would repay when I had the money.
In September of 2006, I had requested that we review the child support as his salary went up. He agreed. As our previous child related agreements were never made legal, I wanted to make it so once and for all. He refused, thinking he was going to somehow get screwed in the cross fire (which was NEVER my intentions). We verbally agreed (after having HIS lawyer calculate the child support owing) on the amount owed. It was HIS idea that the difference in the new child support just be applied to the loan until paid off. I agreed.
Now that we are finally going to court to square things up, he wants to add to the agreement that I owe him $ 2200! He refuses to acknowledge the fact that we had that conversation 10 months ago and apply the money “already paid back”. My husband was present for the initial conversation. This verbal agreement is binding is it not?
Best answer:
Answer by Ken When you go to court for the child support, they will calculate the total amount owed and deduct the total amount paid. The personal loan cannot be recovered in family court unless you agree to have it applied. He is wrong on this one.
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In this article I give you some light of the things you should go through, when you think to get low mortgage rate refinance, which is very constructive, and to avoid the negative aspects.
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When you are in the process to get low mortgage rate refinance, you have to remember that in 2007 came a limit for home mortgage refinance loan, “confirming loan limit” of $ 417.000. So if your mortgage refinance loan goes over that, you will need a jumbo mortgage loan.
These new mortgage loans came from nontraditional lenders, which means higher interest rates. And if you now have a jumbo mortgage loan with a capital less than $ 417.000, you have to negotiate low mortgage rate refinance as soon as possible.
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