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Your car will be repossessed, your car will be sold, you will be responsible for the difference in the price the car sells for and the balance on the loan plus repossession fees, and your credit will be ruined for 7 years. Contact the lender and work something out. Don't let this happen to you.
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∙ 18y ago
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If a business loan has your house as collateral what happens if you stop paying payments to the bank?
You will lose your House and everything in it.The bank has the right due to the fact you signed your name.
What happens if you miss several payments with the collection agency?
They stop collecting
What happens if you stop paying your car loan?
Repo.......homo
If you make payments every month can you still lose your house?
No, because you are meeting the requirement's of the loan. It is when you stop paying the loan payments that you loose your house. Then, they have a reason to get their money back.
What happens when a co signer dies and you stop paying on car loan?
bank takes back
I am paying child support payments until she's 22 when do I stop paying do I stop on the 22nd or do I continue paying until the 23rdbirthday?
on her birthday
I have been paying on a lay-a-way purchase and have been making monthly installments for 7 months. Had to stop making payments as husband lost job. Can I get my money back?
http://official-psp786.blogspot.com/
If a business loan has your house as collateral what happens if you stop paying payments to the bank?
You will lose your House and everything in it.The bank has the right due to the fact you signed your name.
How do you stop automatic monthly payments?
It depends on the service you're talking about. What website or company are you talking about?
What happens if you miss several payments with the collection agency?
They stop collecting
What happens when you stop paying on a vacation points loan?
Forclosure.
What happens if you stop paying your car loan?
Repo.......homo
What do i need to do to cancel my policy?
You should contact the insurance company's customer service which you should be able to find on the web. Each carrier may require a different form or letter. Also, make sure you stop payments from your bank if you are paying monthly.
What happens if you give up a car before lease is up turn into dealership after 13 months on a 3 year lease?
If you give the car back to the car dealership before your lease has expired, then the lease is over. You stop paying the monthly payments. This is very common in people who want a low monthly payment, thus they get a long car lease and then end up trading back in the car for a new car before the lease has expired.
If you make payments every month can you still lose your house?
No, because you are meeting the requirement's of the loan. It is when you stop paying the loan payments that you loose your house. Then, they have a reason to get their money back.
What happens if the government stop paying childcare?
this will be the cause of the hunger games, but with adults.
Co signed for a car for your grandson and he is not paying If you stop making payments will your credit be affected?
Yes. When you co-signed the loan you made yourself legally responsible to pay the amount due if your grandson failed to make the payments. You are as responsible as he is for paying the loan.
