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If a family with children lives full time in their freehold RV and has no real assets and no where else to live can the RV be taken to pay off credit card or other unsecured debt?
Wiki User
∙ 12y ago
It depends on how good your lawers are. In most all probability, yes. Where you live is of no concern to a lender, on the other hand retrieving their money is. But before they snatch that from you, they would most probably garnish your wages via payroll deduction through court or by IRS witholding.
Wiki User
∙ 12y ago
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What are guaranteed unsecured loans?
Guaranteed unsecured loans are loans which are given to people regardless of their credit rating. The term unsecured loan means that it is not based upon a line of credit or assets of the recipient.
What is the definition of debenture?
an unsecured loan certificate issued by a company, backed by general credit rather than by specified assets.
Why are unsecured credit cards easy to get?
Unsecured credit cards are easy to get because they have no restriction and anyone can get them. You do not need a good credit history or an account to get one.
What Is The Difference Between An Unsecured Loan And Line Of Credit?
An unsecured loan has a set repayment term. An unsecured line of credit can be paid off at your pace and can be used over and over.
Can you get an unsecured credit card with bad credit?
yes u can
What are guaranteed unsecured loans?
Guaranteed unsecured loans are loans which are given to people regardless of their credit rating. The term unsecured loan means that it is not based upon a line of credit or assets of the recipient.
What is the definition of debenture?
an unsecured loan certificate issued by a company, backed by general credit rather than by specified assets.
What are considered unsecured business lines of credit?
An unsecured business line of credit is a working capital that one needs to in order to obtain short term assets to prepare for long term successes. They provide flexible payment options to allow credit solution for businesses.
How do secure and unsecured loans differ?
With a secured loan, you back up your loan with some sort of financial guarantee like some assets. With an unsecured loan you only have your credit to back up the loan.
Do you have to pay unsecured credit card debts?
The personal represenative of the estate should pay them from estate assets if they are valid claims. The beneficiaries would not pay them.
What is a unsecured credit card?
A secured credit card requires a security deposit. An unsecured credit card is the traditional credit which does not require a security deposit.
Why are unsecured credit cards easy to get?
Unsecured credit cards are easy to get because they have no restriction and anyone can get them. You do not need a good credit history or an account to get one.
What Is The Difference Between An Unsecured Loan And Line Of Credit?
An unsecured loan has a set repayment term. An unsecured line of credit can be paid off at your pace and can be used over and over.
Can you get an unsecured credit card with bad credit?
yes u can
How would you define debenture bonds?
Corporations with sound credit standing are able to issue bonds without pledging assets. Such bonds are called debenture bonds, or unsecured bonds.
Can you get an unsecured loan with bad credit?
It is very difficult to get an unsecured loan with bad credit. This is because of the nature of the loan. When a person gets an unsecured loan, it means there is no collateral to back the loan up with.
If your credit score is 520 and have bad credit can you get an unsecured loan?
nope
