answersLogoWhite

0

Can you return a loan before using it?

Updated: 9/17/2023
User Avatar

Wiki User

14y ago

Best Answer

It would depend on the loaner, the loan terms, and how long it's been since you got the loan, but I would probably say yes if it were within a reasonable time frame. You should ask the loaner and/or look at the terms in detail.

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Can you return a loan before using it?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Does your school have to contact you before using your federal tax return as payment on your loan?

If your loan is in default the Feds will take your refund. The Feds will send you a letter.


Do you have to be sued before a student loan can be withheld from a tax return?

No


What is the purpose of mortgage loans?

A mortgage loan is obtained when one is purchasing a house. In return for using the value of the house as collateral, a mortgage company will provide a loan for the remaining balance.


Is Invoice Factoring A Type Of Loan?

The invoice factoring is purchasing a company’s A/R in return for funding, instead of a loan using individual’s receivables as collateral.


Can you return a car bought on a personal loan when you were told it was on finance?

Have the car voluntarily repossessed. Using this option means that you voluntarily return the car to the finance loan company if you are too far behind on your payments and can't recover. If you decide to return the car, the finance company may pick up the vehicle or it may require that you return the car to its location.


Which term is defined as property that is pledged as security on a loan?

Collateral, well for me it is what could place an equal but opposite return to to what i am giving as load. What if your organ could be taken as collateral? Just have the loan before borrowing.


Calculate Auto Loans Before You Decide?

Make sure to check exactly what you will be paying per month before you decide on an auto loan. To be sure you can afford the car you want to purchase, calculate auto loans by using an online loan calculator and selecting the term of the loan, interest rate, full amount of the loan, and any other charges you are aware of. Then, even before you search for a loan you will know what to expect, and if you need to choose another model of car you can do so before you even apply for an auto loan.


Can a car be repossessed if the owner dies before the first payment is due?

The car can be repossessed. The estate is responsible to return the vehicle and resolve the lease or loan.


How do you get out of your car loan?

You can get out of your car loan by selling the car you have. You can also return the car to the finance company.


Can a dealer make you return a car after you buy it?

No, unless you are using financing to get the car. Then they can take the car back due to not being able to get you qualified for the loan amount.


What happens if collateral used for loan is sold before the loan is repaid?

You are still responsible for paying the loan as before.


You have no money and you need to return your car what to do?

apply for a loan