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What do you do if you lose your job while in the process of finalizing a car loan?
Wiki User
∙ 17y ago
With no job you might want to rethink whether you need a new car!
Wiki User
∙ 17y ago
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What is the purpose of loan protection?
The purpose of loan protection is to protect and insure that the loan is covered. This protects the owner of the loan meaning they will not lose money.
If you cannot make payments on your loan you?
... will lose your car and you will lose points from your credit score.
Should you use your home equity loan to pay off your car loan?
I would need more details but in general, the answer is no. If you don't pay your car loan, you lose the car. If you get a home equity loan and can't repay it, you lose the house - big difference.
What does Life estate means if the property in debt?
the specifics may vary, but generally, a life estate means that you only have the property while you live. You can still lose the property, though, if you use it to secure a loan and then default on the loan. Call your lawyer.
What does Loan Loss allowance mean?
Amount of money that a bank might lose because of its loan not being fully repaid.
How can a business lose money for many years and have still plenty cash?
The business can lose money while still keeping up with loan payments. Eventually, the choice becomes whether to use the cash to reduce those loans or borrowed money.
Did Michael Weatherly lose his inheritance?
no - in fact he was asked to repay a loan
If husband and wife is on the loan for a home and the wife goes bankrupt will the husband lose the home?
if they cant pay for it they will lose the home
What are equity loans and how can I get one?
A home equity loan or line of credit (heloc), can be obtained from a bank while putting up collateral. In most cases, this would be your home..in other words, if you fail to make a payment on this type of loan, you can lose your home..so in this economy, be careful!
What happens if you default on a loan used to purchase a lot?
If you default on a loan used to purchase a piece of property you usually lose the property through foreclosure.
What happens if I don't repay an auto title loan?
You will lose the car if the Auto title loan is not paid. The lapse in repayment can result in reposession of the car.
What is guaranteed mortgage loans?
A guaranteed loan of any type is a loan that is backed up by your automobile, home or anything else of equal value that you put up to back the loan. This is not the best type of loan to take out because you can easily lose the item you put up for collateral against the loan if you do not make a timely payment. Many times and depending upon the contract for the loan, you could lose your car if you miss a payment for only one day. Read the fine print.
