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If bought a new car a few days ago with a car loan and now you have to leave the country what can you do to get out of the loan?


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Wiki User
2015-07-15 19:13:50
2015-07-15 19:13:50

CALL the lender. they are the ones who can let you "come out" of the loan.

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Regardless of your legal status within a particular country, if you have a loan in that country, you are still required to pay what is owed and may need to do so in full prior to leaving (unless the loan is one guaranteed by the government).

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was fidelity federal loan and trust bought out

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Yes, you DO owe the money, don't you? They are certainly within their rights to ask the courts for that money. Leaving the country to avoid that debt could even be called an attempt to defraud.

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A home loan from Countrywide is no longer available. The mortgage service company was bought out by Bank of America in January of 2008. All of the existing Countrywide loans were then transferred to Bank of America.

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A purchase money loan is a loan usually used to buy a home. A non purchase money loan is a loan for other reasons where the lender does not know what is being bought.


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