As far as student loans and financial aid goes, yes. That's exactly what your supposed to do. It's actually illegal not to pay back the loan.
I have also been send the loan document and i send in collateral and they never send me money. They told me that I had to send in insurance and I did and then they said i need money for taxes. I have asked for a refund and we'll see if they refund my money. When you call, no one ever answers. Deena Williams never answers her phone unless she knows she is getting her money from Western Union.
I am trying to figure out the same thing. It's def tough. Well if you have a decent down payment,,say $1500 or $2000 , the finance company may take the value of the car as collateral against the loan. They will place a lien on it anyway until it is paid off. And if something happens to it before the loan is paid, the insurance company will pay off the loan,,,not send you the money.
They send you the money, you use the money. Don't have to account for use.
The only way to get your car title back from the Bank of America is to pay of the loan that the title is collateral for. If the loan is paid off, they will send you the title in the mail.
That's where a company pretends that they have approved you for a loan, and that you just have to send a deposit or fee to get it. After you send the money, you do not get the loan. You may be asked for a yet another deposit or fee, and they'll keep asking as long as you keep paying. But you will not get the loan.
Loan companies normally can't take money from your account if you haven't taken out a loan with them. However, some loan companies send checks to people as ads. If you cash the check, you're taking out a loan and the company can take money from your account.
No they do not exist! They are a scam! They will tell you ,you need to send money for loan protection insurance before they can send you your loan and then they will not deliver your loan and you'll never hear from them again nor will you be able to get them on the phone. Do not send any money to them you will surely lose it! They have been reported!
Yes, it is. Send them no money and no personal information.
No. There are many scams operating that claim you are approved for a loan, but that you have to send them (usually by wire) money for fees upfront. That is an illegal practice, and you surely will never see your loan.
Yes you can wire the money to anyone in Germany or you can send funds to major banks. If you send currency, you might have to pay customs fees.
Yes, it is possible to do that by a number of legal routes.
Yes I have DO NOT USE THEM!!!! First they promise you a good rate on a loan bigger than what you asked for! Then they ask for a down payment as collateral When you send the down payment they tell you the money will be in your bank account within the next business day! Then when the money doesn't show and you call to find out why they tell you that there was a reassessment and you owe another payment for collateral due to your credit score! If you don't have that second payment then they tell you sure you can get your money back but it isn't for almost a full month! My famiy has been left without any money now until the beginning of the month! We used our car payment as the collateral thinking we were going to get that money back in the loan and we'd have time to pay it still! Now our car is going to be repossessed!!! This company is a company of lying, stealing, cheating jerks that don't care about anyone but themselves!!! DO NOT WORK WITH THEM ON ANYTHING!!!!!!