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If you die and you still have outstanding loans can they take your life insurance to pay everything off?
Wiki User
∙ 15y ago
Life insurance paid to your estate could possibly be used to pay off personal debt. However, if the life insurance is paid to a beneficiary, it is their money, not yours, so the beneficiary has no obligation to use the money to pay off your debt.
Wiki User
∙ 15y ago
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Can you go out of the country even with unpaid credit cards or personal loans?
Yes, you may leave the country even if you have outstanding debt. However, you will still be held accountable for paying off that debt.
What are ASDA loans?
ASDA loans are loans that you take from the bank if you want to start your own business. Typically, banks would not offer you an ASDA loan if they know that you do not have a steady income or you have previously serve prison time. ASDA money is a UK-based financial company; however, they no longer offer personal loans as a service. They do still offer credit cards, insurance for home, life, automobile and pets.
Define outstanding loan?
Difference between loan disbursed and loan outstanding; the unpaid remainder that you still owe.
Is Southland Life Insurance Atlanta still in business?
Is Southland Life Insurance Atlanta still in business
Can you still get federal student loans if you have defaulted on other student loans that are now deferred?
If your loans are in a Deferment, then they were never in a Default status, they may have been delinquent. You are not eligible for Deferment while loans are Default. So to answer your question, yes you are eligible to take out additional loans if you are in a Deferment.
Your father died and you have student loans outstanding Can you be relieved of this debt?
Let me start by sending my condolences for the loss of your father. If the student loans were taken out by your father as PLUS loans, then the loans will be forgiven by the government. If you took out the student loans under your SS#, then you still have to pay on the loans, even if your father cosigned on them.
What is meant by term non-performing loans?
A non performing loan is that loan whose maturity date has been past but a part of loan is still outstanding.
What do I need to do to qualify for 1 hour payday loans?
You will need to have an active checking account, current driver's license, a phone in you name, a job and a copy of your last two paystubs. They will also check to make sure you do not have any outstanding loans that you are still paying on,
Can the insurance company owe you money if their check is no good?
If the insurance company owed you money and they attempted to pay that debt with a cheque that was not honoured the the debt is still outstanding. They may also be liable to other charges.
Can car loans submit your debt to IRS as income and make you pay taxes?
They must submit the amount of cancelled debt...outstanding debt they claim as still due, they could not report.
Can you go out of the country even with unpaid credit cards or personal loans?
Yes, you may leave the country even if you have outstanding debt. However, you will still be held accountable for paying off that debt.
Will you still be able to attend college if you owe student loans?
Yes, if you are not taking additional loans out you can go back to school. If you do want to take additional loans out, you need to consolidate the defaulted loans first. You can get help with the consolidation at www.defaultms.com
Will your insurance company still pay you if you bought a car in good faith and found out when you had an accident that it has outstanding finance owed by the previous owner?
best to look at rules and regs of your local state department of insurance. but, in general the insurance company will pay the person that holds the insurance interest in the vehicle (i.e., the person(s) to whom it is titled/registered).
What is meant by outstanding bills?
Outstanding bills are bills from before the current one which have still not been paid.
What are ASDA loans?
ASDA loans are loans that you take from the bank if you want to start your own business. Typically, banks would not offer you an ASDA loan if they know that you do not have a steady income or you have previously serve prison time. ASDA money is a UK-based financial company; however, they no longer offer personal loans as a service. They do still offer credit cards, insurance for home, life, automobile and pets.
Define outstanding loan?
Difference between loan disbursed and loan outstanding; the unpaid remainder that you still owe.
Can finance company repo your car if your insurance lapses?
You usually have to have insurance in case you have an accident. The finance company can then retrieve the debt from the insurance company. If you do not have insurance then they will have to retrieve the debt from your other assets such as your house if you have one! If they perceive that you are a bad risk they may look at getting the car back if there is enough equity in it but they will still want any outstanding dues. Better to keep up the insurance. They may not know the insurance has lapsed unless you notify them.
