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They can take whatever the security for the loan was. For example, if you have an auto loan, they can repossess the auto. If you have a home loan, they can repossess the home. If the loan was a recourse loan and the value of whatever was repossessed was less than the amount still owed on the loan, they can get a deficiency judgment in a court of law. If the court grants a judgment, they can they take other assets.
Through the Judicial system - take them to court
maybe
Yes. If you owe them they can go to court to get the money.
At any point, in which you break the promissory note in which you signed to pay back the principal and interest of your loan, they can take you to court, sue you, foreclose on you, or repossess whatever the collateral was. At any point, in which you break the promissory note in which you signed to pay back the principal and interest of your loan, they can take you to court, sue you, foreclose on you, or repossess whatever the collateral was.
Yes, a cosigner on a student loan can take the primary signer to court if they fail to make payments on the loan. As a cosigner, you are equally responsible for the loan and have the legal right to seek repayment through legal action if necessary. It's important to consult with a legal professional for guidance on the specific circumstances of your situation.
it is a possibillity but...No but they can cash the start up check.
No at least I don.t think they can
You can't legally collect on another individual. You can however take them to court: You will need proof that the person took a loan from you, this can be a written and signed document or a verbal agreement with a third party witness. You can then take the person to a small claims court.
If the loan is in writing as a legal document you can take them to court for breach of contract.
Yes. A payday loan company may sue a borrower in Texas in order to get their money back.
Yes, for Breach of contract.