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What happens when the government of Pakistan defaults on a loan?
Wiki User
∙ 13y ago
Rupee will plummet in values food items will become 2 to 3 tmes more expensive severe shortages of essentials esp energy will lead to great social upheavel compounded by massive joblessnes and crime wave as the whole order collapses Mullah Omer will take over to install his brand of Islam.Foreign intervention will likely follow. YOU have been warned
Wiki User
∙ 13y ago
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What if the primary signer on a loan defaults?
If the primary signer defaults the co-signer will become responsible for paying the loan.
Can you get a loan if you paid your defaults?
Yes!
What happens when you default on a car loan?
When a consumer defaults on a car loan their credit becomes negatively affected. Not only that, the previously purchased vehicle will become subject to repossession if the payment is not received.
What are the cosigner's options if the primary defaults on the loan and leaves the country?
To pay the loan.
What happens if your niece defaults on a loan you have cosigned?
you have to pay the amount. You co signed so it ruins your credit. take her to judge judy to get your money!
If you are the co-signer and the primary defaults what happens if you do not pay the loan back either?
The lender will get a judgment against both of you and collect from whomever has the money.
Can you sign car that has a loan on it to the primary buyer and not be responsible for it if he defaults?
If you are the co signer, then it is automatically your responsibility if he defaults
Does the cosigner have legal recourse monetary damages when the primary borrower defaults on a vechicle loan?
Does the cosigner have lega recourse monetary damages when the primary borrower defaults on a vechicle loan
If some is a co signer on a loan the CO signer and pick up the check right?
Is this even English? Anyway, if you're asking what happens when someone defaults on a loan, then it is the responsibility of the cosigner to "pick up the check."
If you cosign for a car loan can you be sued successfully?
Yes. If the signer defaults on the loan, then you, as the cosigner, would be liable.
What does it mean if someone defaults on a loan?
When someone defaults on a loan, it is when you borrow money from a bank and you say that you are going to pay it back, but you do not, therefore stealing their money. This can wreck your credit score and get you in deep trouble.
Is a person who is 65-years-old and retired responsible for paying a loan they co-signed for if the owner defaults?
Yes - unfortunately when you cosign a loan - you cosigned a loan and if the owner defaults you are still responsible no matter how old you are. You could check with the lenders but wait until they contact you.
