You will have better advantages
probably not there's no real point anyways because then it wouldn't be called a car loan. It would just be a loan.
I guess in this case you mean you owe more on it than the car was worth. This is unfortunately pretty common. Whatever money you received from your insurance company can be applied to the auto loan but you'll have to pay the balance. Maybe you can renegotiate the balance for a lower interest rate.
More than likely if your credit is good you can still refinance a home that is valued at less than you owe. You would have to roll the difference in what it's worth and what you owe into the new loan. This would only be beneficial if the new loan had a much lower interest rate than your current loan. You can consult a mortgage professional for further details on your options regarding the situation.
He would rather have the opportunity to kill Antonio than interest on the loan.
This depends on the term you chose when you got the loan. Military/VA loans just give you favorable consideration in the closing process rather than change the term of a loan.
If a student is unable to repay a loan, then he or she should first talk to their lender. This will give the person a better chance of reaching an agreement, rather than ignoring the payments and defaulting on the loan.
Rather than being outstanding for its features (ie interest rate, time to repay), an outstanding loan means that it is one that is yet to be repaid--it is money owed.
An unsecured loan generally does charge a higher interest rate than a secured loan because there is no collateral being held and no lien placed against anything they would be able to take in payment.
an unsecured loan certificate issued by a company, backed by general credit rather than by specified assets.
No - just the loan. BUT! The seller may repossess and sell the damaged car for $500.00 to apply to the loan rather than maybe $2000.00. So it's about the same anyway. You lose.
one way is to go to your bank, or a bank, and get a good loan. remember to chose a loan with a low interest rate. not recommended to get a loan if you only need a little money. you will overall loose more money than the loan is worth -GossipGirl17
It is essentially the same but of course with a lease, your responsible for an amount agreed to be paid rather than paying back a loan.
The primary difference between a conventional loan and a credit card loan is that a conventional loan is given to you in one lump sum whereas a "credit card loan" or line of credit can be drawn down as needed rather than in one lump sum. You can find out more about business lines of credit by visiting www.businessloc.com
If you're upside down, they will look to you for the difference after.
There are no disadvantages other than if you had to take a student loan.There are no disadvantages other than if you had to take a student loan.There are no disadvantages other than if you had to take a student loan.There are no disadvantages other than if you had to take a student loan.There are no disadvantages other than if you had to take a student loan.There are no disadvantages other than if you had to take a student loan.
No, you will only be paid the value of the vehicle. If you are "upside-down" in the loan you will be out the difference between what the vehicle is worth and the loan payoff. If you owe LESS than the vehicle is worth, you will get a little in your pocket when the deal is done.
This is a personal opinion. In my eyes, no it is not worth it. I would rather by the game used for cheap than pay to rent games. However, based on testimonies, GameFly is worth it.
The only way that a bank loan can be an asset is if the loan is less than what the assett is worth. Otherwise I do not belive a bank loan can be an assett. Answer 1: A Bank loan is an asset for the bank because it is money that a customer will repay. Any instrument in which money will be received can be considered an asset. In case of a loan, it is an asset to the bank and a liability to the person who borrowed the money
You owed more money than the car was worth and they wish to collect the balance.
it's good for the lender.... It is outrageously high for a borrower. I would hold out or renegotiate for less than 9%
You should check the loan documents. Generally, the owner or their heirs will receive any surplus from the proceeds.
"A loan shark is a person who loans money with a high interest rate. Usually, the borrower is a person who cannot get a loan from a regular bank or other money-lending entity. A big loan shark could refer to the amount of money that the loan shark can offer, for example, one million dollars, rather than one thousand."
The loan company technically owns the car, so it doesn't really belong to you anyway. But keep in mind that your relationship with the finance company isn't really about the car, it's about the loan you took out with them. They want the loan repaid. What happens to the car is not their primary concern. Talk to your loan agent if you are having trouble paying your loan. They will usually be more than happy to try to work out a payment schedule that is easier for you -- they would rather get the money slower than not at all. If you don't want the car anymore and would rather have a different one, ask your loan agent about the laws in your area concerning selling a car that is still on payment.