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What else can I help you with?
Your Direct Loan can be discharged if?
If you become permanently disabled or die. That's it.
What happens if you do not pay your bank loan?
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Can school loan debt be added after bankruptcy hearing?
yes, but unless you can show that youre basically permanently disabled, it will be next to impossible to have the school loan discharged. (assumes a federally insured loan)
What happens to a bank loan when a person dies?
If the loan is secured, then the collateral is returned to the bank. If the loan is unsecured, like a credit card, then the bank submits the balance to the estate of the deceased.
Your Aunt is in her 70's and the bank made her a loan for 30000.00 to consolidate her bills She had a stroke is in the nursing home and her son can't pay the loan-disabled - what can he do?
The son is not responsible for the loan of his mother.
What happens if don't pay my bank loan?
they hunt you down
What happens to your money in the bank?
your money is problably not kept in the bank but its loaned to other banks and other banks loan to your bank
What happens to my loan if a bank fails?
If a bank fails, your loan will likely be transferred to another financial institution. Your loan terms and conditions will remain the same, but you will need to make payments to the new institution.
What are the options for auto loan disability insurance?
Auto loan disability insurance typically offers two main options: coverage that pays a portion of your monthly loan payments if you become disabled and are unable to work, or coverage that pays off the remaining balance of your loan if you become permanently disabled. It's important to carefully review the terms and conditions of the insurance policy to understand what is covered and any limitations that may apply.
What happens to a loan if the bank fails?
If a bank fails, the loan is typically transferred to another financial institution or a government agency. The borrower is still responsible for repaying the loan, but the terms and conditions may change.
What happens if you do not pay bank loan?
The bank can raise a legal complaint against you. If you have any property attached to the loan as collateral, the bank can take possession of them and try to recover their money from it. If you have any guarantors attached to the loan, the bank would approach them to recover their money from them. If nothing works out, finally they can have you jailed for defaulting on your loan repayment
When a car loan company go out of business what happens to your loan?
You continue to pay it as normal because your loan is thru a bank not the actual company, if your financing thru there company then you should be going thru a bank now.
