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If you trade in a car that you owe money on will you have to pay the previous car loan plus your new loan?
Wiki User
∙ 14y ago
Yes. It is referred to as "upside down" financing.
Wiki User
∙ 14y ago
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What is plus mod balance in bank loan?
plus mod balance in bank loan is the money who pay on the bank that you loan with interest rate and original cost.
Which companies help you save money plus assist with loan consolidation?
Some companies which help you save money and assist with loan consolidation include Wells Fargo and FinAid. You can get help with your Loan Consolidation from their websites.
Where can one obtain a factoring loan?
A factoring loan is a loan that is granted based off of your trade debts. You can obtain one of these loans from 1st Commercial Credit, Accord Financial and Capital Plus.
What is in principle loan?
You borrow money and must pay back in full plus interest.
What is a simple loan?
The majority of people borrow money at least once in their lives. Borrowing money from a lender is a process in which you agree to repay the amount plus interest over a specified period of time.
What is plus mod balance in bank loan?
plus mod balance in bank loan is the money who pay on the bank that you loan with interest rate and original cost.
Bonds?
You loan the government money. They agree to pay you back plus interest.
If you have bad credit and owe a lot on credit cards plus previous student loans can you get a new student loan approved?
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Which companies help you save money plus assist with loan consolidation?
Some companies which help you save money and assist with loan consolidation include Wells Fargo and FinAid. You can get help with your Loan Consolidation from their websites.
Where can one obtain a factoring loan?
A factoring loan is a loan that is granted based off of your trade debts. You can obtain one of these loans from 1st Commercial Credit, Accord Financial and Capital Plus.
What is in principle loan?
You borrow money and must pay back in full plus interest.
What is a simple loan?
The majority of people borrow money at least once in their lives. Borrowing money from a lender is a process in which you agree to repay the amount plus interest over a specified period of time.
DO you need to pay for the online loan?
An online loan is the same as a regular loan received at a brick and mortar building. The expectation is that you pay the principal, plus interest accrued on the money you borrow.
How do loan processing companies make money?
Loan processing companies make money from interest. Interest is a specific percentage of the original amount taken from the loan processing company. When taking out a loan, the loan user takes a specific amount and is expected to later pay the same amount plus the interest they owe.
What do people pay to borrow money?
The loan is called the principal. People pay interest to borrow money, but payment is interest plus money toward the principal.
Are there any drawbacks to getting a payday loan?
A payday loan is a very risky way to obtain extra money. When you get a loan, you obviously have to pay it back eventually, and by the time you pay it back you will end up wasting a lot of money on interest and possibly on late fees. If you don't have the money now to pay for what you need, what makes you think you will have enough money plus extra to pay back your loan later?
Can you trade in Wii Sports Resort without the Wii motion plus?
Yes, but you will not get a lot of money for it.
