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If you return your car to the lender are you still responsible to keep paying the loan?
Wiki User
∙ 8y ago
Heidi, as a general rule, YES. You are responsible for the UNPAID balance due on the loan. Example, you owe 5000.00, car gets sold for 2500.00, you owe 2500.00 plus fees.Good Luck
Wiki User
∙ 8y ago
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Can a lender garnish wages after repossession in North Carolina?
Yes a lender can garnish your wages after a repossession. If the resell value of the item does not cover the cost needed to repay the lender, you are still responsible for paying the balance.
If you voluntarily let your car be repossessed by the lender do you still have to pay on the loan?
Yes! It will still be listed on your credit report as a voluntary return and you will still be responsible for the cost
Can you get a pink slip for a car left by a MIA person who still has a loan that was outstanding over a year ago without paying it off?
IF you contact the lender that has the loan on it and IF the lender approves you to assume the loan.
If the debt is greater than the assets of the estate is the executor responsible to pay off the remaining debt?
Generally no. The estate is responsible for paying the sole debts of the decedent. If on the other hand the debts are owed jointly with the person who was appointed the executor then that person is still responsible for paying them.
What happens if collateral used for loan is sold before the loan is repaid?
You are still responsible for paying the loan as before.
Can a lender garnish wages after repossession in North Carolina?
Yes a lender can garnish your wages after a repossession. If the resell value of the item does not cover the cost needed to repay the lender, you are still responsible for paying the balance.
If you voluntarily let your car be repossessed by the lender do you still have to pay on the loan?
Yes! It will still be listed on your credit report as a voluntary return and you will still be responsible for the cost
What will happen if you tear a structure down with a mortgage?
You would still be responsible for paying off the mortgage. It is likely that you will have breached your mortgage agreement. The lender may be able to demand immediate payment in full. If you fail to pay, the lender can take possession of the property by foreclosure. The lender could sue you for any deficiency that exists after the property is sold.You would still be responsible for paying off the mortgage. It is likely that you will have breached your mortgage agreement. The lender may be able to demand immediate payment in full. If you fail to pay, the lender can take possession of the property by foreclosure. The lender could sue you for any deficiency that exists after the property is sold.You would still be responsible for paying off the mortgage. It is likely that you will have breached your mortgage agreement. The lender may be able to demand immediate payment in full. If you fail to pay, the lender can take possession of the property by foreclosure. The lender could sue you for any deficiency that exists after the property is sold.You would still be responsible for paying off the mortgage. It is likely that you will have breached your mortgage agreement. The lender may be able to demand immediate payment in full. If you fail to pay, the lender can take possession of the property by foreclosure. The lender could sue you for any deficiency that exists after the property is sold.
Are co signers responsible for liens if borrower quit claims to bank?
The co-signer is responsible until the loan is discharged. When the borrower transfers the property to the lender there may still be sums due on the loan. The borrower and co-signer are equally responsible for paying the debt.
How do you get out of paying off your sprint framily plan phone?
You can not just get out of paying your bill. If you still have the service you are responsible for paying for it.
If you are going through a divorce and still owe on a financed vehicle will the lender still hold your ex equally responsible even if the court gives you the car?
If the ex's name is on the loan, then yes, the lender can, and in all likelihood will, still hold the ex responsible. You'd need to refinance the vehicle in your name alone.
If you have been late on payments and they want to repossess can you still catch up without paying the remaining balance of your loan?
That option is up to the LENDER. Call the lender ASAP for more info.
Can you get a pink slip for a car left by a MIA person who still has a loan that was outstanding over a year ago without paying it off?
IF you contact the lender that has the loan on it and IF the lender approves you to assume the loan.
If you let the lender keep your car and they resell it are you still responsible for the remaining balance?
Read your contract. In 99% of the repos , YES, you still owe the balance due.
If your boyfriend is paying child support and you get married to him will the child support stop?
Of course not. He is still the father of his children and still responsible for supporting them.
If your new car was declared a total loss in an accident are you still responsible for paying the finance charges?
Yes if the amount your insurance company paid did not cover the amount you still owed on the car. You are still responsible for the difference.
If the debt is greater than the assets of the estate is the executor responsible to pay off the remaining debt?
Generally no. The estate is responsible for paying the sole debts of the decedent. If on the other hand the debts are owed jointly with the person who was appointed the executor then that person is still responsible for paying them.
