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Adam borrowed money to buy a new car. The bank now has a lien. What can happen if Adam doesn't make his payments on time?
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If you owe a bank money what will happen?
It depends on how overdue you are on your payments and how much money you owe.
The amount of money you borrowed is called the what?
The original amount of money borrowed is known as the principal.
What refers to the original amount of money borrowed?
The original amount of money borrowed is known as the principal.
Do you have to pay taxes on money borrowed against paid up life insurance?
Borrowed money is not taxable.
Is borrowed money taxable in US?
No the borrowed money would not be taxable income to you that you would report on your 1040 federal income tax return as income in the year that the amount is borrowed.
What happens if you were a cosigner on an auto loan but now your credit is terrible and you are in a credit consolidation program?
As far as the auto loan you cosigned for, nothing will happen as long as the person who actually borrowed the money makes the payments on time.
If you owe a bank money what will happen?
It depends on how overdue you are on your payments and how much money you owe.
What happen if you borrowed money to individual person but he put to much interest?
Refinance unless is still in process.
Mexico borrowed money from foreign banks resulting in what kind of problem with?
It resulted in a foreign debt crisis, when Mexico couldn't make further payments.
How much you can save paying a car in cash?
Depends on the vehicle you are buying and the dealer. Of course you will save the interest payments you would be making if you borrowed the money which are substantial.
The amount of money you borrowed is called the what?
The original amount of money borrowed is known as the principal.
How do you do nothing and earn money?
you dont it doesnt happen god havent you learnt anything
What is the term used for all of the money borrowed by the government and the interest on the money that is borrowed?
public debt
What refers to the original amount of money borrowed?
The original amount of money borrowed is known as the principal.
What did Germany do in order to pay its war debt?
borrowed more money
What s loan?
A Loan is to borrow something as in money and in the future you give the amount of money that you borrowed to the person that you borrowed the money from.
How can a business lose money for many years and have still plenty cash?
The business can lose money while still keeping up with loan payments. Eventually, the choice becomes whether to use the cash to reduce those loans or borrowed money.
