answersLogoWhite

0

What is charged off loans?

Updated: 9/15/2023
User Avatar

Wiki User

15y ago

Best Answer

interest

User Avatar

Wiki User

15y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is charged off loans?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Do they always repo charged off loans?

YES


If you have outstanding student loans and die is the estate charged for the student loans?

Actually, that's not true - student loans are forgiven when the student dies.


What percentage of loan is charged as interest?

It varies ... loans for different items are charged at varied interest rates.


Most of the bank income comes from charged on loans?

interest


Moneylenders made loans and charged a fee called?

interest


Can be charged with a felony if i don't pay off my payday loans?

No, but your credit will be ruined and the loan company can garnish wages, take tax refunds, and get into your bank account.


How can you get assistance from your school to pay off debt from student loans?

There are many ways to pay off the debt from student loans. Unfortuneately, I am unaware of any ways for you to get help from your school in paying off these loans. There are some websites that can help you with paying off your student loans.


Are personal loans from family taxable?

The loans themselves are not taxable. The interest paid on the loans are taxable to the lending relative. Also, if the rate being charged is lower than the Applicable Federal Rate (AFR), there will be an additional gift tax on the net difference between the AFR and the rate being charged.


Is it accurate to say that 500 payday loans are expensive to get?

"Payday" loans are typically short-term loans that require re-payment in about 30 to 60 days. Before securing this type of loan, it is important to review and understand when interest is charged, as well as the rate at which interest is charged. If you're unemployed, and won't be able to pay the loan back quickly, the interest charged can be very expensive.


What countries loans were written off by the G8?

The 18 countries that had their loans written off were:-BeninBoliviaBurkina fasoEthiopiaGhanaGuyanaHondonusMadagascarMaliMaritinaMozambiqueNicaraguaNigerRwandaSenegalTanzaniaUgandaZambiaHope it helps :)


How much time do student loans wait till tax offset?

At the time the tax would normally be charged, it is offset. It might also be written off at the time of the new tax year.


What are the risks of using pay day loans?

Payday loans are very very short term loans with a span of few days to couple of weeks.These loans are very risky loans as there very high interest rate is charged as the loans are on very short terms.The collection will also be of very aggressive in nature.