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No. A car loan is a civil as opposed to a criminal matter. Being behind on a debt is not a criminal matter, therefore you cannot be arrested for it. Never the less, if you are behind on a car loan and if the loan is secured by a lien on the car, you may be arrested if you interfere with the loan company's attempts to repossess the car, provided that state you are in has laws that make it a crime to interfere with a repossession. But even in this instance, you are not subject to arrest for being behind on the loan, you are subject to arrest for interfering with the repossession.
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∙ 15y ago
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What does it mean if your loan payment is overdue?
If your loan payment is overdue, you will be charged interest that is higher than normal. You may also be charged a late fee and hurt your credit rating.
What does a student loan in forbearance mean?
It means that there are no active efforts being taken to collect the loan.
Can you go to jail for title loan?
Can u go to jail for now paid a title loan
If the primary goes to jail can your name be taken off of the loan?
No, a cosigner or co-borrower can only be removed from the obligation of the debt by refinancing.
When you get the loan to buy the largest ship on Skullduggery Island do you have to repay the loan?
No, but a few pirate ships sunk would easily pay off the loan, which is normally around 500,000 doubloons and reaches 1,000,000 with maximum interest. The only penalty for having an overdue, unpaid loan is not being able to buy a larger ship, which you of course will not be doing anyway. For most players, the loan will never become overdue, since they beat Captain Crawfish less than 20 "days" after getting the Phoenix warbird.
Can you go to jail for not paying a bank loan?
Jail is not a penalty for not paying a bank loan. The bank can bring a judgment against the person who does not pay the loan back.
Can you be threatened with repossession for having been arrested?
You being arrested has no bearing on your loan. As long as you make the payments on time there will be no repossession. The loan company does not care if you are in jail as long as they get their money.
Can you go to jail for not paying a loan?
yes
Can you go to jail for a title loan?
No. You cannot.
Can you go to jail for loans?
Can u go to jail for now paid a title loan
Can you get an income tax exemption on a housing loan taken on your mother's property?
No. You MUST be on the title and the loan. Also, it is unlikely you can find anyone to give YOU a loan on your mothers property, without your name being on the property.
What is the term for a person who has taken a loan?
The term used to refer to someone who has taken out a loan is, borrower.
