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If your mom dies owing on car loan can you take over payments?
Wiki User
∙ 13y ago
No, you cannot do that unless the lender agrees to it. The estate needs to contact the bank and inform them of the death. And then they can make arrangements to see if the loan can be transferred.
Wiki User
∙ 13y ago
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What are deferred payments?
Putting off payments until the end of a loan or to be paid over the course of the remainder of the loan. This will not effect the balance of the loan but there may be fees for not paying on time.
Is amortization of a loan done by all loan places?
Loan amortization is the paying off of a debt over time, through payments. The payments include interest as well as paying of the debt. All loan companies do offer this.
How do you sell your car and have someone take over payments?
For someone to take over the payments they must essentially get a new loan for the payoff amount in their name. This new loan will pay off your loan and will make thir payoff amount higher than yours.
When repaying an amortized loan the interest payments increase over time?
true
If you can't make the payments on your 2004 SUV what can you do?
Renegotiate the loan with the lender. Sell the car to someone else or have them take over the payments. The very last thing you want to do is default on the loan.
What exactly does amortization loan do?
An amortizing loan is a loan where the principal of the loan is paid down over the life of the loan, according to some amortization schedule, typically through equal payments.
You have a car loan can another person take over the payments?
If the loan company approves. If the loan company does not approve and transfer the loan you would still be legally responsible for the debt.
How do you take over payments on a car loan?
Contact the bank or finance company that holds the note on this car. They can transfer the loan to you if you qualify.
What does an installment loan mean?
An installment loan is a loan paid with interest in equal periodic payments, in other words it is a loan that is repaid over time with the set number of schedule numbers.
If you deferred 4 car payments over the past 5 years of your loan and now that your loan is done they want you to refinance for the last 4 payments why are they including several thousand dollars more?
Seems like they are adding accrued interested from not paying the loan off in time for the loan.
Can the primary borrower of an auto loan replace their name with someone else's for them to take over payments?
no
Is there a way of having someone take over payments of my auto loan?
Yes, but it has to be with the agreement of the lender.
