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Either insurance or the estate. Some lending institutions provide "credit life insurance" which pays off the loan. If that is not part of the loan, the estate will be required to sell assets to cover the loan.
Where only part of the loan is secured.
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. It is a loan, not income.
yes they can call and take such action with the loan company that the loan company can then decide to take your car or call in the loan for full payment
yes, you pay part of what you owe and interest.
Yes
Either insurance or the estate. Some lending institutions provide "credit life insurance" which pays off the loan. If that is not part of the loan, the estate will be required to sell assets to cover the loan.
A loan is a noun ex: The loan from the bank was helpful. To loan is a verb: I had to loan my phone charger to a friend.
Where only part of the loan is secured.
Well, kinda. A bond is part of a loan, and an individual is part of a municipality.
When a loan payment is made towards a loan, a part of the payment is for the interest and part of it is applied to the principal amount. This process of making equal payments to pay off a loan over its life is loan amortization.
Yes, once it becomes part of a bank account or similar asset.
most difinately not. it study loan.
Yes, it is an unsecured 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. It is a loan, not income.