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In 'The Game of Life' app in the App Store how do you pay back a loan?
Wiki User
∙ 12y ago
Unfortunately, you can't.
Wiki User
∙ 12y ago
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How do you use bank loans to buy a starter home in the game of life?
One bank loan = $20,000. But if you get a bank loan, you have to pay $25,000 back to the bank by the end of the game. The bank gives you $20,000 when you get a bank loan, and you can use that money to pay for your house. Just remember one bank loan is essentially -$5000.
Can you get a loan from New York Life Insurance Company?
You can get a loan only from a whole life (CWL), Universal Life (VUL, etc) only if there is a cash value available. If you contact your agent you can ask what your available cash value is and then ask for a loan to the cash value. DO NOT surrender the policy because then you will be hit with a tax bill. Taking the money out in the form of a loan will avoid this and you are not obligated to pay back the loan. If you do not pay the loan back then the loan amount is taking out of the death benefit when you die.
If you borrow on the loan value of a whole life policy but never pay it back does the face value of the policy decrease?
If you take out a loan against the cash value of a policy and never pay it back, the full loan value PLUS interest would be deducted from the benefit if it were to pay out.
Wash loan provision for insurance policy?
Not quite sure but I believe a wash loan is when you take a loan from your cash value life policy and pay it back with interest, most of the interest goes back into your own account with the insurance company taking a very small percentage.
Where in Toronto can I find a payday loan store?
"A payday loan store can be found on Young St as mogomoney. Other places in Toronto that offer a Payday loan store are National Cash, Timely Cash Inc, and Paydown Town."
How do you use bank loans to buy a starter home in the game of life?
One bank loan = $20,000. But if you get a bank loan, you have to pay $25,000 back to the bank by the end of the game. The bank gives you $20,000 when you get a bank loan, and you can use that money to pay for your house. Just remember one bank loan is essentially -$5000.
Can you get a loan from New York Life Insurance Company?
You can get a loan only from a whole life (CWL), Universal Life (VUL, etc) only if there is a cash value available. If you contact your agent you can ask what your available cash value is and then ask for a loan to the cash value. DO NOT surrender the policy because then you will be hit with a tax bill. Taking the money out in the form of a loan will avoid this and you are not obligated to pay back the loan. If you do not pay the loan back then the loan amount is taking out of the death benefit when you die.
How do you express Gratitude for a loan of money from a special family member who really made a difference in your life by her loan of money?
Pay it back
What is a store loan?
Checkngo defines it as a loan applied for online and picked up in their nearest store.
If you withdraw from classes do you have to give the money back from your student loan?
Yes, it is a loan. You have to pay back a loan. Whether you went to class or dropped out, doesn't matter.A loan is just that, a loan.You were lent the money in good faith, if they ( banking institution ) thought you wouldn't pay the money back, they would not have given you the loan.If you do not pay it back, it will affect your credit rating for life.
Can you change your loan from a hard money loan back to a convetional loan?
refinance the hard money loan back to a conventional bank loan
If you borrow on the loan value of a whole life policy but never pay it back does the face value of the policy decrease?
If you take out a loan against the cash value of a policy and never pay it back, the full loan value PLUS interest would be deducted from the benefit if it were to pay out.
Wash loan provision for insurance policy?
Not quite sure but I believe a wash loan is when you take a loan from your cash value life policy and pay it back with interest, most of the interest goes back into your own account with the insurance company taking a very small percentage.
What is it called when you don't pay back a loan?
Failing to pay back a loan is called defaulting on the loan.
Where in Toronto can I find a payday loan store?
"A payday loan store can be found on Young St as mogomoney. Other places in Toronto that offer a Payday loan store are National Cash, Timely Cash Inc, and Paydown Town."
Which company will give me an unsecured loan?
Any cash advance store will give you an unsecured loan as long as you have a checking account and have a job. The interest rates are a lot higher and you have to have it paid back in a certain length of time.
Do you have to pay back the loan for repairs on a home?
What you do with a loan is irrelevant. You always have to pay it back.
