Does the money I and my parents have in saving and checking account affect the finacialaid money i'll receive?
85777
Yes. Federal aid is based on a need basis. If you have money in your account, then you dont need money. And yes, they have the right to verify that what you claim is actually the truth.
125935
I don't think it will affect their credit rating at all.  It might affect yours though, if that person runs up a big bill and deosn't pay it and you are left holding the bag.  Unless it is a close family member and one you really trust I'd be careful.
667272
I would suggest you get financial advice from a bank or other lending company .  if you think people are gonna give you money ,  your nuts
158905
ask the bank....best thing to do. They should know.
16478
Depends on where you take the check to. If you take it to the same bank you can collect cash immediately provided there is sufficient fund. If you take it to some other bank - of course it will have to clear.
291916
Only if your under the age of 18,then they want you to give the names of at least 4 relatives,who they will "Bother",if you don't pay back the loan on time. You must have a job also,and they may want to know if you have a bank account,which is another way they'll get your money. The Interest Rate is very high,so read the "fine print",on the document,before signing. (Caution),every payment you miss,will only double.
1165250
You can do like i did and set up a settlement plan with them.  What they do is they take a certain amount every month from your checking or savings account and when the last payment is due they pay for it.
719691
It's Estimated Family Contribution. Definitely the lower it is the better, however, I would advise being completely honest on your FAFSA. If you erred on your application and are selected for verification, all errors will be corrected.
1060522
No.  They are not related.  Certainly having money in the bank helps your ability to borrow. But it doesn't affect your FICO score. Lenders look at credit history, income/employment and cash on hand as the primary factors in a lending decision.
786806
It depends on your income and any savings you have.\n\nHere's a link to the government website that explains the rules and how to apply.
601091
Yes, if you have over £6,000 in savings it affects your claim.  I don't think you can claim it if you have over £6,000.
153914
My parents took out a loan.
98610
Rs. 2000/-\n\nBetter hand over to your parents.. Later they will take care of your expenses..
26727
does it matter??? the monies go in the same account right?
540223
Any money that is left over after paying all of your debts will be refunded to you.  Now also, if you owe money for like "Child Support", they can't hold your refund for any interest that is owed after the principal amount has been paid.  \nGood luck.
1187789
ull get your money. that is fo sho. the gov't will eventually take the money out of the check before that person even gets it. what they dont pay just adds up. my friend, who is 21, and her mom are still getting thousand dollar checks regularly.
283364
That depends.  If the cash was to pay off certain items or to share your 1/2 of the assets, then no.  If it's for some sort of back pay for spousal support, then you do have to claim it.