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If there is no money in a person's estate that has passed away do their loans that are unsecured have to be paid?
Wiki User
∙ 15y ago
The estate is responsible for the debts of the deceased. The creditors should be notified of the death but they are out of luck is there are no assets.
Wiki User
∙ 15y ago
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Your husband passed away leaving an estate He had 3 bank loans 2 unsecured your name is not on any loan docs Are you responsible for paying them back?
Well, the estate is responsible for paying them back, so the money will come out of the estate, which will mean that you will inherit less money from it. So in a way, you will be paying back the loans. That or the bank will put a lien on the property to secure their debts.
Which financial companies offer unsecured personal loans?
There are many financial companies that offer unsecured personal loans. Capital one offers unsecured personal loans. Also, Bank of America offers unsecured loans.
Does The Bank of Montreal offer unsecured loans?
No the The Bank of Montreal does not offer unsecured loans. No banks offers unsecured loans then that won't have anyway of knowing if they lent you money.
Where can I find more information about unsecured loans?
Some banks do offer unsecured loans. You can visit the local banks in your area and ask them about unsecured loans and if they don't offer it they will be able to tell you who does.
Which websites carry details on unsecured loans?
If one want to find out which websites carry details on unsecured loans, then one must visit wisegeek.com , they have a lot information on unsecured loans.
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.
How can one get a car loan with a bad credit report in the UK?
There are a number of finance options for car loans for persons with bad credit in the UK. Generally speaking, the loans will need to be unsecured as unsecured loans will usually have variable (and much higher) interest charged. UK Credit is one of the higher ranked providers to offer such an option.
What range of unsecured loans are there?
Unsecured loans do not require any security to get. There are many different types out there including guarantor loans, installment loans, and payday loans. There are also conventional low rate bank or supermarket personal loans.
What types of unsecured loans are the safest?
Unsecured loans are best used for small purchases. It is unwise to take a large unsecured loan due to the fact that more will be confiscated to pay it back.
Unsecured loans are loans that are backed by collateral?
Unsecured Loans are not collateralize by lien; therefore, you won't risk loosing any of your personal assets. Also the loan process is faster; thus, it's faster for you to be approved for unsecured loans compare with traditional loans. Because of this, unsecured loans will generally carry a higher interest for it carry a much higher risk. Also, you do need to have good credit in order to be approved.
Where could somebody with bad credit get unsecured loans?
The websites Fox Loans and Insta Loans both offer unsecured loans for those who may have poor credit. They also offer the convenience of applying online.
What companies offer unsecured loans with no credit check?
Companies that offer unsecured loans with no credit check include: Credit Loan Sources, PRL, Chesterman House Loans, PayDay Advance, One Up Loans and Easy Loans.
