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What happens to a loan on a car when the loan holder dies and there is no cosigner or insurance on the loan?


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Wiki User
2008-03-27 17:15:11
2008-03-27 17:15:11

The loan must be paid out of the estate (sell of home, life insurance policy, etc...) Otherwise, the estate will be held up in litigation and will not be closed or the beneficiaries will be forced to pay the loan.

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the house is paid off and given to the beneficiary

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your left with the full bill as there is nobody else to charge

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