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Five years later do you have to pay back the loan on a car repo?
Wiki User
∙ 16y ago
yes this goes on your history report
Wiki User
∙ 16y ago
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When your home goes through foreclosure do you still have to pay the loan off from the bank?
no...the note goes back with the bank...your credit is ruined for five years
Can a bank do a Charge off on a boat loan then Repo 3 years later?
no they cant only after 2 years
What is the average length of a short term loan?
The average length of a short term loan will depend on what type of loan is being taken out. In general a short term loan may be over a period of time of between one and five years.
Is a loan modification only temporary?
Typically the modification is for five years. After five years the interest rate goes up by 1 percent until it tops out at 5.###. Fair market rate.
Balloon Loan Calculator?
Balloon Loan Calculator A balloon loan can be an excellent option for many borrowers. A balloon loan is usually rather short, with a term of three to five years, but the payment is based on a term of up to 15 years. There is, however, a risk to consider. At the end of your loan term, you will need to pay off your outstanding balance. This usually means you must refinance your loan or convert the balloon loan to a traditional loan at the current interest rates.
If your student loan was discharged in 1985 and 20 years later you would like to go back to school will you have problems getting another student loan?
No.
Where should one go to put a down payment on a Chrysler vehicle in Oklahoma?
The length of the car loan, or loan term, simply refers to the amount of time you have to pay the lender back. If you sign up for a five-year term, in five years you'll pay the money back and will own the car free and clear. What the loan term doesn't mean is that five years from now you'll have to come up with all of the money.
What is the total amount you would pay back on a simple interest loan with a principal of 10500 at 6.3 percent for five years?
13,807.50
When your home goes through foreclosure do you still have to pay the loan off from the bank?
no...the note goes back with the bank...your credit is ruined for five years
How much is the interest rate on 14289.00 at 3.5 percent for five years how much will you pay in interest on a loan?
The interest rate is given in the question. It is 3.5%.The amount of interest paid on the loan depends on how much of the loan (if any) is paid back during the period of the loan. If there are no interim payments, the total interest at the end of 5 years is 2681.85 approx.
What is the typical repayment period for a small business loan?
There is a range between five and fifteen years that the loan has to be paid off by. It usually depends on the amount of money you are borrowing. The more you borrow the more time you will have to pay it back.
Can a bank do a Charge off on a boat loan then Repo 3 years later?
no they cant only after 2 years
What exactly is a career development loan?
A career development loan is a loan that you can get that helps you pay for your studies and improve aspects of the career that you are pursuing. You usually have a few years to pay back this loan from the lender.
What is the average length of a short term loan?
The average length of a short term loan will depend on what type of loan is being taken out. In general a short term loan may be over a period of time of between one and five years.
Is a loan modification only temporary?
Typically the modification is for five years. After five years the interest rate goes up by 1 percent until it tops out at 5.###. Fair market rate.
How do you make accounting entry for loan?
Received loan from family members after 3 years family said they don't want their loan back how do i bass my entry in the books of the accounts
Balloon Loan Calculator?
Balloon Loan Calculator A balloon loan can be an excellent option for many borrowers. A balloon loan is usually rather short, with a term of three to five years, but the payment is based on a term of up to 15 years. There is, however, a risk to consider. At the end of your loan term, you will need to pay off your outstanding balance. This usually means you must refinance your loan or convert the balloon loan to a traditional loan at the current interest rates.
