0
Absolutely ! The new company can pretty much charge what they like in interest on the outstanding balance - meaning your debt will be more..
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
If you Co-sign auto loan and the person defaults on the loan- can the finance company take your house?
No. If you cosign on a car loan and the person defaults, the finance company can not take your house in this state. After the finance company seizes the car, both you and the other person would still owe the unpaid balance of the loan.
Why should you get a bank loan rather than a loan from a finance company?
You will have better advantages
Can the finance company recind a loan now that the cosigner has died?
AS long as the loan is in good standing, the finance company can not recind a loan..I do believe you are using the wrong word (recind)..If the loan is past due, the company can demand payment in full..The death of a co-borrower has no effect.
Will a finance company settle a charged off auto loan since they didn't repo it?
A finance company could settle the auto loan. You simply need to get in touch with the company and make an offer. Be sure to get any agreement in writing.
You have finance on a car so can you get another one with the same finance?
You can get another car financed with the same company if they will extend you credit. If you have your loan paid down and a good credit history with them, they will more than likely lend you more money.
After you've signed papers on the car and the auto finance company rejects you for a loan can you bring the car back and not try to get another finance company to loan you money for the car?
YES.
Can world finance loan company come pick YOUR car up?
First, you explain what "world finance loan company" IS; no such critter exists.
If you Co-sign auto loan and the person defaults on the loan- can the finance company take your house?
No. If you cosign on a car loan and the person defaults, the finance company can not take your house in this state. After the finance company seizes the car, both you and the other person would still owe the unpaid balance of the loan.
Do you have to pay the finance company if the tow people sell your car?
Yes, the loan from your finance company is a legally binding contract between you and them. You are solely responsible for the fulfillment of that loan.
Why should you get a bank loan rather than a loan from a finance company?
You will have better advantages
Can the finance company recind a loan now that the cosigner has died?
AS long as the loan is in good standing, the finance company can not recind a loan..I do believe you are using the wrong word (recind)..If the loan is past due, the company can demand payment in full..The death of a co-borrower has no effect.
When a Finance company backs out of loan?
It's two-faced
Is a finance company quicker to repossess the second time if you fall behind again?
Surprised the finance company would allow a second chance loan after one repossession already. If they did grant another loan, chances are that they would be watching the loan progress very closely and would take immediate action if there was a default on one payment.
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.
How does a business get the money to start a finance company?
Making the company public, Loan from the bank,
Can you car loan be sold to another finance company without your knowledge?
no, each person must know what is being done in a written agreement.
Can a finance company call your job before allowing the loan to process?
Yes, a finance company can call to verify employment if they deem necessary.
