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Can a bank repossess a paid for car for other credit debt i own the car but i owe a lot of other debt?
Wiki User
∙ 16y ago
The bank doesn't own the car. Unless you used it as an asset, or collateral for a loan from them, they should have no hold on that.
Wiki User
∙ 16y ago
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How do you make a debt on doodle god?
Bank + Money = Debt Money+ House = Bank Gold + Paper= Money
Who is responsible for outstanding credit card debt if bank cancels your credit card?
You are because you incurred the debt.
Can 2500 credit card debt permit credit card co to take your car?
NO. Only a lender with a lien on your vehicle has the legal authority to repossess it.
Does the bank have to tell you they are going to repossess your car.?
Yes, the bank must tell you that your vehicle is being repossessed. The bank will usually try to reconcile the debt before the repossession takes place.
What is the definition of a bank credit?
A bank credit is when someone takes out a loan from a bank where they are not required to pay the debt back immediatly and a payment schedule will be made.
Would a credit card be considered an asset?
No. A credit card is not an asset, it is a liability because it is essentially money that you have borrowed from a bank, in other words, it's debt.
Who is responsible for debt if a bank cancels a credit card?
The person who carried the card is still responsible for the debt.
Where can someone get a debt consolidation loan if they have bad credit?
If you have bad credit, getting a debt consolidation loan from your bank or credit union might be difficult. Some people may not have good credit, but not quite poor credit. If you have no major debts but still have so so credit you might be eligible for a loan from your bank.
Difference between asset management debt management?
That's the difference between ying and the yang. For example the 'Unsecured Assets' department of a Bank issues you a credit card- That's an asset to the bank; And a debt for you. How effectively the Bank manages its credit card portfolio is called asset management. How effectively you pay back your debt is called debt management
What is the difference between a debt card and a credit card?
The diffference between a debt card and a credit card is ,in a debt card it's money from your account .In a credit card is when you borrow money from the bank.
How do you pay credit card debt with no U.S. bank account?
Money orders
What are the most common debt solutions?
The most common solution for debt is to consolidate all debt into one loan. This helps to reduce the interest and time it takes to repay it. This can be done through a bank or other credit agency.
