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Can you bankrupt a pay day loan?

Updated: 9/23/2023
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Q: Can you bankrupt a pay day loan?
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If i cosigned on a loan then the person goes bankrupt then they default on a bankrupt what happen?

You signed to guarantee the loan. That means that you guaranteed to pay the loan if something went wrong. Something went wrong so you get to pay the loan.


What does a loan calculator do?

A loan calculator calculates how much money it will take you over a set period of time to pay back the loan you have taken out. It will help you find the amount of money you can loan and not go bankrupt.


Can a person who was bankrupt can get another car loan?

No because if they have no way to pay off the loan to start with. because they have no money to not be bankrupt. If it was for a business opportunity or something they may get some money back on, they might've but for a car they will never get their loan back with the amount of V.A.T. put on to things these days.


What is a same day payday loan?

A same day pay day loan is a loan that you pay back on your next pay day. Its usually not more than what you would make on the next payday either. 'Same day' means that the person can get the loan approved and cash at hand on the same day they apply.


How can one obtain a National Pay Day loan?

One can obtain a National Pay Day loan from the company National Pay Day. They have loan information that describes the types of loans they dispense on their own website.


What does the term pay day loan mean?

A pay day loan is a short term loan that you can take out but which must be paid back on your next pay day. It is a very expensive way to borrow money as the fees on this type of loan are very high.


If husband and wife is on the loan for a home and the wife goes bankrupt will the husband lose the home?

if they cant pay for it they will lose the home


Can you get a loan after being bankrupt for 3 years?

It depends on which loan you want to get. More likely, you will be refused in a bank but approved at the company like Personal Money Service. I would recommend to pay attention to alternative non-traditional lenders. You may have been a bankrupt but if today you have a steady source of income and the lender can see your ability to pay off the loan then you can get approved. In other words, just turn to non-traditional lenders. Another way to help get a loan is to have a guarantor for the loan. A guarantor is legally responsible for the loan repayment in the event that the original loan recipient can't or won't pay back the loan.


Where can I apply for a fast easy loan?

You can visit a pay day loan store locally, or a site like paydayloans.com for pay day loans. Just be aware that pay day loans can be expensive.


Can you get a payday loan with a prepaid visa card?

If you have a prepaid visa card with money in it, you certainly shouldn't need a pay day loan. Most pay day loan arrangements require a person to write a personal check. The pay day loan place cashes the check on your payday.


Can a co-signor on an auto loan be held responsible for the loan if the original loan was discharged in Chapter 7 proceedings?

Yes. That is the purpose for requiring a co-signor on a loan. If the original borrower can not pay or goes bankrupt the finance company then collects from the co-signor.


What are the names of some of the popular Payday Loan companies?

There are several loan companies that offer a payday type of loan. For example, Wonga, Pay Day UK and Pay Day Ninja are all offering a payday loan service.