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What else can I help you with?
If you default on your auto loan will you still owe money?
Yes. Not being able to pay a loan doesn't absolve you from it. They may repossess the car if the situation calls for it, but you'll still own any back payments.
How bank create money?
Money is CREATED by governments, not banks. They store money. Banks also EARN money by loaning money to people. People pay the banks back more money than they borrow (interest)
Why do banks loan money?
The banks loan people money because it is how banks earn money. The bank will loan out the money to people, and the people will have to pay back with interests so the bank will be making money by just loaning people money. That is why the banks owners get so rich. They will loan out money to a lot of people and they will put a high interest. When they get the money back, they will earn money without even doing any work.
Why do banks loan people money?
The banks loan people money because it is how banks earn money. The bank will loan out the money to people, and the people will have to pay back with interests so the bank will be making money by just loaning people money. That is why the banks owners get so rich. They will loan out money to a lot of people and they will put a high interest. When they get the money back, they will earn money without even doing any work.
What did roosevelt do to get Americans to put their money back in the banks?
He set up the entire social security system ... he promised everyone a benefit from their social security if they put their money back in the banks...
Are there any major banks that will lend me money with my bad credit?
Probably not, after much research I find that you can give money to get money and they when you pay it back you can get your money back.
How does a film get financed?
directors ask for money from producers who get money back in return from what the money makes
Banks create money by lending but that can't yield them any profit cause they can only receive back money they themselves created Why don't the banks keep all the money they create for themselves?
Your grasp of economics and commerce is flawed. Banks do make a profit on the money they lend, a great deal of it. It is called interest. Nor do banks 'create' money.
Do you get money back after paying off auto loan in advance?
Yes you do get mone back after payin back all of the money that u have borrowed and more
Credit Ratings and Banks Auto Loans ?
Banks auto loans are based on several factors. Consumers want to reduce the amount of interest that they pay to obtain a loan. One of the most important factors in lowering the amount of money paid back on a bank auto loan is credit rating. Consumers with higher credit ratings are able to get lower interest rates on their loan. The interest rate makes a huge difference in the total amount that will be paid back over the life of the loan. Saving money is especially important in this economic climate. Everyone should aim to keep their costs as low as possible. Consumers that improve their credit rating can definitely improve their chances of banks auto loans being more cost effective.
Why did many banks fail after the stocl market crashed?
People that had borrowed money from the banks couldn't pay it back. By: Rana 3abed
Does the lender have to have a lien on the title to repossess?
No, they just have to have proof you borrowed money and used the car a collateral for the loan. The contract you signed promising to pay them back is that proof.
