if we don't pay educational loan, our passport maybe will blocked from visit Another Country. also our name can be included in CTOS, so after we want make anything loan its can be complicated.
The loan will be a default loan
You will be liable to pay the debt outstanding.
If you fail to pay your car loan the bank can repossses your car. It also goes on your credit rating that you defaulted on a loan.
Typically, you have to pay the entire balance of the loan back.
If you do not pay back you 401k loan, it will be looked at as a withdrawal. Which means not only will you be taxed on that money this year, you will also have to pay a penalty for early withdrawal.
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The loan will be a default loan
You will be liable to pay the debt outstanding.
If you fail to pay your car loan the bank can repossses your car. It also goes on your credit rating that you defaulted on a loan.
they hunt you down
No, you cannot use a Stafford student loan to pay off personal debt. The only debt that should be paid off with an educational Stafford loan is your college debt.
Typically, you have to pay the entire balance of the loan back.
you pay money
Their going to come after you to pay the debt. YOU CO-SIGNED! That means in the event that the primary borrower can not or does not pay the loan you are responsible to pay that loan. There is no way around that.
Your kunju would be cut and be given to kaakaa
they take your car
If you do not pay back you 401k loan, it will be looked at as a withdrawal. Which means not only will you be taxed on that money this year, you will also have to pay a penalty for early withdrawal.