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Answered 2007-09-24 14:04:54
You will lose your House and everything in it.
The bank has the right due to the fact you signed your name.
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What happens if collateral used for loan is sold before the loan is repaid?
You are still responsible for paying the loan as before.
Can a soon-to-be-16-year-old get a car loan if he does not have a job?
No! You would have to have your parents cosign for you. Having a fairly good paying job, owning a boat, condo, house, property is classified as "collateral" and the loan is put against that. The reason for this is if you choose not to make your car payments or can't make your car payments then the bank will take whatever collateral you have put against the loan. The bank is in the business of lending, but also getting their money back! Marcy
If you pay 13000 of a 15000 loan is that taken into consideration when you stop paying?
All payments are considered when you stop paying on a loan. However, when you default on the contract, it is the contract on which you are paying. The collateral only secures the loan, and if there is collateral, it may be secured (repossessed) to be sold to be applied to the balance. If you only owe $2000 on a $15,000 loan, the collateral could be worth a substantial amount. The lender may choose to sell the property for only the owed amount and fees. If so, you are out the remaining value of the property. If the lender wishes, they may choose to sell it for its fair market value, and anything in addition to what is owed should be returned to you.
Dividend Payments?
Corporations have shareholders that invest in their business and expect a portion of the business's profits in return. Dividend payments are part of the shareholders' returns for investing in a business. Corporations have a choice to either reinvest their profits in shares, or keep a portion of the profits and paying shareholders dividends.
What happens when you are paying and they say it is not enough?
Grab all yu can and get the heck outta there what can happen when you are making monthly payments on a debt,debtor says its not enough?
What are the functions of accounting explain?
A business involves many financial transactions, the main ones being paying bills, receiving payments (for whatever product or service is sold by that business), paying employees, paying taxes, and if things go well, paying dividends to investors or stockholders. There are all sorts of rules and techniques needed to correctly keep track of all these things, which constitute the practice of accounting.
You stop paying business and personal credit card payments as per attorney advice and file bankruputcy after 9 months for better results?
i dont know the answer dir
I am paying child support payments until she's 22 when do I stop paying do I stop on the 22nd or do I continue paying until the 23rdbirthday?
on her birthday
When did social security begin paying disability payments?
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What happens if the father is not paying his court ordered child support?
Same as if the mother isn't paying - the State may take various actions to collect, such as wage garnishment, interception of Federal/State payments, liens on real and personal property.
What happens if the mother is not paying court ordered child support?
Same as if the father isn't paying - the State may take various actions to collect, such as wage garnishment, interception of Federal/State payments, liens on real and personal property.
What happens to child support payments if the father is jailed?
If the father was paying you directly, the payments will, of course, cease. If this is the case you must contact the state for assistance. If you were receiving the support payment from the state, then nothing will change and his payments to reimburse the state will become an obligation/lien against him for which he will eventually have to pay the state back.
Making car payments can your car be repo?
If your paying for the car, they cannot!
How do you prevent your home from going in to foreclosure?
By paying your mortgage payments on time.
Can you be arrested for not paying your car payments?
maybe but your car would be repossessed
What are the Liquidity ratios?
measure of a firms ability to meet short term cash payments. bassically liquidity ratios show how good a business is at paying off its debts. hope this helps :)
If you send two payments every month do you pay interest on both payments?
I doubt it. You would be paying down your balance and shortening the actual lenght of time you are making payments. The second payment is probably being applied to your principal and this benefits you by paying down what you owe.
What is the highest paying Bachelors business job?
I think that FDI is the best paying business, it pays quickly and constantly.
What is a high paying job that is associated with photography and business?
A photographer is the highest paying job associated with photography and business.
Why are car loans always secured with collateral?
The car can always be repossessed if the owner stops paying off the loan.
Effect of persistent deficit in balance of payments?
A persistent deficit in the balance of payments leads to an individual not paying their way. Society as a whole can get into a deficit when many people are defaulting on payments.
What happens to the payments you have already made if you need cancel your policy?
Your policy contract will state what happens to your payments if you cancel. In the worst case you may not be able to cancel in the best case you will have to pay pro- rata for the length of time you policy has run + a cancellation fee + an administration fee. Please understand in many cases the payments are to a finance company (who payed the upfront insurance premium to the insurer) and in this case the payments are NOT linked to the policy - you can't just stop paying - in effect you took out a loan.
How do you get your vehicle repossessed?
By not paying the payments needed or by government seizure. Zaragotha (Zara)
Is amortization of a loan done by all loan places?
Loan amortization is the paying off of a debt over time, through payments. The payments include interest as well as paying of the debt. All loan companies do offer this.
What is the word for paying later during a business transaction?
It called paying "on time".
