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The terms of repayment, including the schedule of payments and payoff date, will be specified in the promissory note of the individual loan. If a loan is "matured", the scheduled of payments should be completed. Any outstanding balance can be demanded in full by the lender if there are no further terms specified for repayment in the promissory note. The lender could always grant leeway to the borrower, but is under no obligation to do so.
Basically the lender would hold all the cards. The borrower's rights are generally limited to those set forth in the promissory note.
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Do paid off student loans count towards the aggregate student loan limit?
yes and no but mainly no
What is refinancing an existing loan?
Obtaining a new loan to pay off an old loan using the funds from the new loan. Any time you take old money owed and pay it off with new money owed you have refinanced.
What are deferred payments?
Putting off payments until the end of a loan or to be paid over the course of the remainder of the loan. This will not effect the balance of the loan but there may be fees for not paying on time.
How do you get ex boyfriends name off joint auto loan?
You need to pay that loan off and refinance if necessary.You need to pay that loan off and refinance if necessary.You need to pay that loan off and refinance if necessary.You need to pay that loan off and refinance if necessary.
What is a loan payment interest calculator used for?
There are many uses for a loan payment interest calculator. I used them to calculate how long it will take to pay off my loan whether it is for a car, house, or even student loan.
Is there a limit to how many payday loans you can have?
As long as you are paying off your loan on time,you may have more loans from that company.
Do paid off student loans count towards the aggregate student loan limit?
yes and no but mainly no
Does a car loan go away after time?
Yes. When you pay off the loan, then it goes away.
Can flower petals carry seeds?
no, in most instances the inflorescence is already dead and has fallen off by the time the seeds have matured
Does paying off your auto loan affect your credit score?
Yes, for the better. Any loan that is paid on time or paid off is a plus.
According to the Business Dictionary what is the definition and meaning of time loan?
According to the Business Dictionary the definition of a time loan is a loan that is given to someone when they only have a certain amount of time to pay it off.
Can you pay off a private student loan all at once within the same year that you took the loan out?
If it was drawn up as a "simple interest loan" you can pay it off in full at any time.
What is refinancing an existing loan?
Obtaining a new loan to pay off an old loan using the funds from the new loan. Any time you take old money owed and pay it off with new money owed you have refinanced.
Are there penalties for prepaying a bad credit auto loan?
There are no penalties for prepaying a bad credit auto loan. It is beneficial to pay off the loan sooner or on time.
Is there a time limit in the amount of time a ski jumper can wait before they have to jump or come off the platform?
yes there is a limit, they have 45 seconds to jump.
How do you get out of responsibility for a loan if you are a cosigner?
The loan must be paid off. Until then you are responsible.The loan must be paid off. Until then you are responsible.The loan must be paid off. Until then you are responsible.The loan must be paid off. Until then you are responsible.
What are deferred payments?
Putting off payments until the end of a loan or to be paid over the course of the remainder of the loan. This will not effect the balance of the loan but there may be fees for not paying on time.
