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An unpaid loan can have serious legal implications. Not only will an unpaid loan ruin credit scores but the business can put the loan into collections or place a judgement against the customer.
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∙ 9y ago
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Can you sue a relative for unpaid loan?
Yes, you can sue a relative for an unpaid loan. It is advisable to consult with a legal professional to understand the process and implications of taking legal action against a family member. It is also important to consider the impact it may have on your relationship.
Does mom have legal rights to my car if she is co signer?
If the loan is as yet unpaid, then yes. As long as her name is on the loan, she has the right to weigh in on the financial future of the car. She has a vested interest in any actions of the vehicle which may decrease it's value. She also is entitled to oversight of any cash generated through the sale of the car because default of the loan will effect her financially.
Is it legal to make fake death certificates?
As long as it is an obvious fake there should be not legal implications. However, it would be wise to check with the local authorities to get a legal opinion for your area.
Can you sue someone if they stiffed you on a car loan even if they don't have no job?
You can if you are willing to pay the legal costs. There is an expression for this situation: "You can't get blood out of a turnip!". It means that if there is no money to recover, you can sue all you want to, you still will be unpaid. You may get a judgement, but will have to wait a long time to get the money owed you. If the loan was secured by a lien on the car, you can and will likely receive the car as a settlement.
Can a17 year old get a loan with a cosigner?
Yes, as long as the cosigner is a legal gardian or a parent.
Will the Dept of Education garnish your tax return if your loan is in forbearance?
They cant do that simply because when your loan is in forbearance, that means that the D.E has placed your loan on hold. so therefore it cannot go into default. They only take your money when it has gone into a long unpaid default. you should be safe.
What are some examples of liabilities?
a bank overdraft;a loan (short or long term);a mortgageany money you owe to your suppliers (creditors), (eg; an unpaid bill)in company law, "liability" can be "limited" or "unlimited"
Your lender cancelled your loan after you signed the documents during the recission period is this legal?
It is so long as he does it before he he gives you anything.
How long do unpaid traffic tickets stay on a credit report?
Unpaid traffic tickets are not reported to the credit bureaus.
How long do unpaid car loan stay on your credit report?
Any unpaid loan will remain on your credit record for seven years from the last date of payment. In the event the lender obtained a judgment against the debtor, it will remain on the record for ten years past the date the judgment was issued. In some cases, if the lender obtains a judgment, the account is not paid, and the lender obtains an extension, the record will remain for an additional ten years past the first ten.
Can housewife apply for personal loan?
Yes, you can apply for a personal loan as long as you are a legal adult. Depending on regulations set by the state you live in, you may apply for a loan either separately or jointly. Approval for housewives are not guaranteed, but as long as you don't apply for new credit too quickly it would not cause too much harm.
What could be the implications of someone using Copyrighted content without authorisation from the owner?
The rightsholder may take legal action; however most cases are settled long before they reach court.
