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That's entirely up to the lender. They can pursue it in civil court and obtain a judgment lien that will enable the creditor to seize any property to satisfy the lien. A large lender is more likely to write off a small loan, and your own liability depends on how the company was set up.
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Can you sue for an unpaid loan after 4years?
Definitely, you can sue for unpaid loan. Please ensure that you have documents that support you loan and the receiver of loan.
Can a payday loan company sue for an unpaid loan?
Yes
Can you avail for multi purpose loan even if you still have unpaid calamity loan?
A multi purpose loan is not able to be availed for if a calamity loan is unpaid. The loanist be paid off before another loan can be availed for.
Can you leave Bahrain even if you have unpaid loan?
no...
What is the unpaid portion of a loan called?
Principal
What are the legal implications for a long unpaid loan?
An unpaid loan can have serious legal implications. Not only will an unpaid loan ruin credit scores but the business can put the loan into collections or place a judgement against the customer.
Can you sue for an unpaid loan after 4years?
Definitely, you can sue for unpaid loan. Please ensure that you have documents that support you loan and the receiver of loan.
Can you sue a relative for unpaid loan?
Yes, you can sue a relative for an unpaid loan. It is advisable to consult with a legal professional to understand the process and implications of taking legal action against a family member. It is also important to consider the impact it may have on your relationship.
Can a payday loan company sue for an unpaid loan?
Yes
Can you avail for multi purpose loan even if you still have unpaid calamity loan?
A multi purpose loan is not able to be availed for if a calamity loan is unpaid. The loanist be paid off before another loan can be availed for.
Can you leave Bahrain even if you have unpaid loan?
no...
What is the unpaid portion of a loan called?
Principal
Can an unpaid ticket stop a car loan?
no
What is a tax debt loan?
A tax debt loan is a loan used commonly for business owners. Business owners have to pay more taxes than average workers, and sometimes they need a loan to pay off extra taxes. It's sometimes needed because a small amount of unpaid taxes can quickly accumulate into a large debt.
How do you write a condonation letter for partially unpaid loans?
There is no script for writing a condonation letter for partially unpaid loans. Most letters are written from scratch. They address the loan granters and reasons for loan going partially unpaid.
Is an unpaid personal loan deductible from federal taxes?
NO
Define outstanding loan?
Difference between loan disbursed and loan outstanding; the unpaid remainder that you still owe.
