answersLogoWhite

0


Top Answer
User Avatar
Wiki User
Answered 2015-07-16 18:04:59
  1. 1, FILE a stolen car report with the cops. Then IF it was really stolen, the lender can collect the ins. and then your bad credit will go to Worse credit. And they cant find you 'cause you have no residence.

Well, given the situation you describe, likely all the lender could do is get a judgment against the debtor. IF the debtor ever works, they could garnishee their wages.

001
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
๐Ÿ˜‚
0
User Avatar

Your Answer

Loading...

Still have questions?

Related Questions

Is there an insurance company that provides insurance for buildings and their contents?

There are several insurance companies that offer insurance for busineses much like yours. Progressive, Allstate and Geico are just some examples. Also, you can get insurance on the property and the valuables even if you dont own the property and depending on your residence you can recieve a tax credit as a business expense.


What is the journal entry for payments of insurance premium?

debit insurance premium expensecredit cash / bank


What does someone have to have to get an auto loan?

Decent credit history, a steady job, a steady residence, and no delinquencies/missed payments.


Does the lender of a second mortgage have any recourse if the payments become late?

Yes, they will report the late payments to the credit bureaus which will damage your credit score, and if enough payments are missed can commence a foreclosure action on the property.


What insurance license is needed to sell business credit insurance in Georgia?

You will need a property and casualty license. Now, after saying that ... you should check with the Georgia Insurance Commissioner. I nave been licensed to sell business credit insurance in 5 different states - they all required property and casualty licenses. In most cases very few people knew what business credit insurance is. Be very careful to specify that you are wanting a license to sell Business credit insurance (as apposed to consumer credit insurance e.i credit life insurance).


If you own more than one property and you are foreclosing the other property how will it affect the property that is still current on payments?

There will be no affect to the house with the current payments. Even if they are with the same lender. But it will hurt your credit badly...at least for 4 years.


What happens if cosigner stops making payments?

The other signer must make the payments or the loan will go into default, the property will be taken and your credit will be ruined.


What is is tenant credit check?

A tenant credit check is what a landlord can request before they agree to let you rend their property. This is to ensure you have a good credit rating and can afford the rental payments.


Are car insurance payments monthly?

It depends on the policy and your credit rating. Some insurance companies allow you to pay monthly, in advance, for your insurance. Many want 3 to 6 months in advance.


is there any place in wasilla that would give me a new set of teeth for payments I do not have insurance or credit card, but work and have cash?

yes


How do you add if you can your apartment rent payments to your credit score?

Your landlord would have to report payments to the credit bureau.


Do you have to keep up the payments on a car if the car has been stolen and the insurance company is being SLOW and you also have gap insurance?

You signed the loan papers and until the loan is paid in full you and you only are obligated to your creditor. If you don't make the payments on time you will have your credit damaged.


What does remortgaging do to your credit?

In the short term it can make lenders a little harder to work with because the property has been refinanced; in the long term it can help a credit score if the payments are made on time.


What has the author Arthur Levi written?

Arthur Levi has written: 'Credit insurance' -- subject(s): Credit Insurance, Insurance, Credit


Is life insurance considered inherited property that a credit card company can claim after the death of a mother for unpaid credit card debt?

Depends upon the State of your mother's residence, and the beneficiary of her insurance policy. If the beneficiary was her estate, they might be able to recover the debt; if an individual was the beneficiary, unless that person was a cosignor of the debt, it is not likely they have any recourse. Have you checked to see if your mother's account had debt cancellation coverage? Best of luck. Rjbeeg


If a mortgage payment is 20 days late will that be reported to the credit bureaus?

Generally, late payments over 30 days late are reported to a credit reporting agency. After that, late mortgage payments can become "missed" mortgage payments. And missed payments can affect your credit score in a negative way. However, your exact late payment will depend on how your specific mortgage lender reports payments to the credit bureaus.


Does a personal guarantee on a commercial loan appear on a credit report and are they liable for personal injury on the property being purchased?

That's two separate issues - credit reporting on a loan, depends on the financial institution - if they report it. Personal injury on a property would be on property insurance, which you have to obtain in order to purchase property.


What is business credit insurance?

Business credit insurance is a type of insurance that is purchased by businesses selling to other businesses of open credit terms. Business credit insurance guarantees against their business having excessive losses due to their customers inability to pay for goods or services purchased on credit. It is sometimes calledaccounts receivable insurance or trade credit insurance. This should not be confused with consumer credit insurance (e.g. credit life) which is purchased by consumers.


What is sold on the insurance market?

Many types of insurance is sold at insurance markets for example, you might be able to find; auto, health, accident, casualty, life, property, liability and credit insurance. Of course it varies from company to company.


Loan what documents are needed for car loan?

Valid driver's licenseProof of incomeProof of residenceProof of insuranceVehicle informationCredit and banking history


Where would one get commercial credit insurance?

Commercial credit insurance is often purchased by companies to ensure payment of credit which a company has credit with. There are many insurance companies who specialize in credit insurance. Some include Allianz and Atradius. The best way to obtain and use trade credit insurance is through a specialized broker.


What type of title insurance is requested by lenders?

A Lender will require a Lenders Title Insurance policy if they are extending credit on a property. The Lenders title insurance policy is based off of the Loan amount that the borrower receives. It will only protect the lenders interest in the property if a problem arises on title.


What is the most commonly purchased type of credit insurance?

credit life insurance


How do you deduct property tax payments from your federal income taxes in a year when you both sold and bought property in Illinois?

For the property you sold, you may have property taxes you already paid that year before the sale. Additionally, you will give the buyer a credit for property taxes accrued up to the date of the sale. Deduct both of these amounts. For the property you purchased, you may pay property taxes after the purchase. The seller gave you a credit for the taxes due up to the date of purchase. Deduct the credit from what you paid. If any remains, you may deduct it on Schedule A. If the credit is for more than you paid, you should carry the remaining credit forward to the next year and deduct it from what you paid. Many accountants will simply deduct the entire credit from all of the payments in the same year. While this is technically incorrect, it is easier, and eliminates the likelihood you will forget to carry the remaining credit forward. I've never had the IRS object to this treatment. Example: Paid property tax in June $2,000 Sold property in July, gave buyer credit 4,000 Bought property in July, got seller credit -5,000 Paid property tax in September 2,500 Total paid during year is $2,000 + 4,000 + 2,500 - 2,500 (credit) = $6,000 and carry a $2,500 credit from buyer to next year, or Total paid during year is $2,000 + 4,000 + 2,500 - 5,000 (credit) = $3,500 and no credit carried forward.


Does a cosigners auto insurance go up if the owner is late with payments in Maryland?

If your concerned about your friends or relatives late payments on their car note then I suspect that you are not just a co signor but are actually a co-buyer. If you are a co-buyer on the note then your credit score will certainly be affected by your co-buyers late payments and could also result in your insurance rates going up as well as increased interest rates on your credit cards and any other variable interest notes.