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The bank tells me that I owe a car loan but the car was in an accident and demolished?
Wiki User
∙ 10y ago
Then you're still responsible for the car payments. If insurance doesn't cover the entire cost, then you have to make up for the remainder.
Wiki User
∙ 10y ago
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If your car that you took a bank loan out for was in an accident and written off and your insurance company sends you a check for the car's value do you then have to pay off the bank loan in full?
Yes, you are still responsible for whatever amount remains unpaid on your loan.
What is easier to pay car loan or bank loan?
bank loan
What is loan boarding?
when a loan is been transfered fron bank to another. . .the bank which the loan is transfered to board the loan. .
What is the difference between a bank loan and a bank credit?
What is the difference between bank loan and bank credit?
What is a good website for a car loan payment calculator?
The auto loan calculator through Bank Rate is a good tool online for determining what a car loan payment might be. You simply enter the loan amount, time period and interest rate and it tells you what you payments will be.
Is bank loan an asset?
A bank loan is an asset for the bank as bank receives interest and principle payments from borrower.
When bank tells you that you're loan is under review that means i am approved or not?
It means they are still processing the application and haven't decided if its approved or not yet
What will be journal entry if a bank gives loan?
bank a/c dr to bank loan a/c
What are the rules for getting a loan from Dubai Islamic bank?
how to get a loan to your bank if my bank now is not DIB
I have an auto loan in my name can i get another auto loan in my name?
If you are already running a loan, then you can take a loan from another bank not from the same bank. If still you want a loan from same bank, then you can get on your parents name.
How can one have a personal loan from a bank?
To have a personal loan from a bank you need to have a bank that you have an account with and a financial advisor at that bank. You'll meet with them to tell them why you need the loan and how you will pay it back.
What is bank loan?
A bank loan is money that is owed to a lending institution. This can be, for example, a bank or a credit union.
