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Can a pay day loan company get a Body Attachment if you cant pay?
Wiki User
∙ 9y ago
A Payday loan company cannot get a Body Attachment to arrest people who have not paid them back. There have been tactics used by some collection agencies where individuals are threatened to be arrested by a federal officer for defaulting on their Payday loans. However, these tactics are considered a unlawful so no negotiations need to be made with these collection agencies.
Wiki User
∙ 9y ago
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Can a loan company apply a fee for payment to the principal of a loan?
no they cant. they must go by the original contract
Can a loan company place a lien on a cosigner's home?
They cant legally "threaten" to do do anything that they cant legally do, so the answer is YES, they can attach your home.
What happens when you pay off an auto loan?
the bank cant come and steal it. but the insurance company can if you dont pay that
Lost job and Cant afford car loan what can I do without hurting my credit?
Call loan company and explain your situation, see if they can offer you a delayed payment schedule, etc.
Can you change your car loan to another loan company?
Yes, but you would have to get a loan for the payoff amount from the loan company you want to use
Is a loan company not a financial intermediary?
true a loan company is not a financial intermediary
What is the problem UAE bank loan not paying after loss the job means termination company?
nothing ,you cant go there and no make visa also thank you.
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.
Can a co-signer call call the loan company to reposed your car?
yes they can call and take such action with the loan company that the loan company can then decide to take your car or call in the loan for full payment
Who is responsible for the car loan if they are on the top of the loan?
typically the first name on the loan is the person responsible for the payment of that account. if the first named person cant make the payments, the loan company will turn to the co-signer ( 2nd name ). if neither party makes payments the loan will go into default in which both parties will have reports on there credit history.
How do you prevent a home mortgage loan company from securitizing your loan?
You can not prevent home mortgage loan company from securitizing you loan. The only way out is do not default your repayment.
What is the journal entry to write off a loan to a company?
debit Retained earningscredit loan to company
