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After you've paid your car and the interest rate is left on the loan and you don't pay can they repo the car?
Wiki User
∙ 14y ago
after paying the auto loan to cover the car and more. What's left is the interest rate the lender adds on at the end of a loan, if you become delinquent in paying on the interest added, can the care get repo'd?
Wiki User
∙ 14y ago
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What is low interest loan?
The loan whose interest rate is low is called low interest loan. If you got a unsecured loan @ low interest rate then it would be low interest loan for you.
How can you reduce interest on high interest loan?
Repay the loan with the funds raised from a lower interest loan.
Why is more interest paid in the beginning of a loan than the end?
There is more princple left on the loan for the interest to be calculated off. If the bank will let you. As to make payments on the princle. This will lower the amount of interst that is calculated in the future.
Can payday loan interest be reported on your income taxes?
No. Deductible interest includes student loan, investment, and qualified residence interest. Payday loan interest is considered personal interest. Personal interest isn't deductible.
Is it better to get a high interest short term loan or a low interest long term loan?
It depends on how long you need the loan for and how long it would take for you to complete the payment. But in general a low interest long term loan means a higher interest payment over the life of the loan where as a high interest short term loan means less amount of interest payment over the life of the loan.
What is low interest loan?
The loan whose interest rate is low is called low interest loan. If you got a unsecured loan @ low interest rate then it would be low interest loan for you.
Will a loan amortization table work when you have an interest only loan?
Yes! Simply go to http://mortgagemavin.com/interest-only-loan/mortgage-amortization-calculator.aspx and type in the required data. You will need to have your loan amount, interest rate and how many months are left to pay your bill to calculate your monthly payments.
How can you reduce interest on high interest loan?
Repay the loan with the funds raised from a lower interest loan.
Why is more interest paid in the beginning of a loan than the end?
There is more princple left on the loan for the interest to be calculated off. If the bank will let you. As to make payments on the princle. This will lower the amount of interst that is calculated in the future.
Can payday loan interest be reported on your income taxes?
No. Deductible interest includes student loan, investment, and qualified residence interest. Payday loan interest is considered personal interest. Personal interest isn't deductible.
What if you dont have all the payday loan money at once?
You may be able to extend the loan, contact the lender. However, you should pay this loan off as soon as you can, payday loans have notoriously high interest rates.
I need interest recalculating, can you do this for me?
This is how to calculate interest rates. Take the interest rate (1000 percent) and move the decimal left two spaces (10). Now multiply that number by your loan.
Is it better to get a high interest short term loan or a low interest long term loan?
It depends on how long you need the loan for and how long it would take for you to complete the payment. But in general a low interest long term loan means a higher interest payment over the life of the loan where as a high interest short term loan means less amount of interest payment over the life of the loan.
Where can one calculate interest of a loan?
The interest of a loan can be calculated by using the 'Loan Calculator' facility at the Bankrate website. One would need to know details, such as the interest rate and the loan term.
How does a secured loan differ from an unsecured loan?
A secured loan is a loan that some monetary interest (money or property of value) attached to the loan to insure its repayment. If the loan is not repaid, the monetary interest becomes the property of the loaning party. A unsecured loan does not have a monetary interest attachment.
What does interest capitalization mean?
Capitalization occurs when your lender or loan servicer adds the amount of unpaid, accrued interest on your student loan to your loan balance. Once this interest has been capitalized, interest begins to accrue on that new, higher loan balance.
How do you take interest free loan?
we can take interest free loans if it is allowed by the authorized govt. of that bank from where we are taking loan.
