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What happens when your son dies leaving an outstanding car loan?
Wiki User
∙ 16y ago
My sympathies to you and your family. If you, your husband or anyone else in the family didn't cosign for a loan for the car then the debt ends. If there was a cosigner then the cosigner is responsible for the debt. If your son was not a minor and took the loan out himself and he has left a Will or has anything of value this debt will be paid off or written off.
Wiki User
∙ 16y ago
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What happens when your husband dies leaving an outstanding car loan?
The lending institution can place a claim for payment against the estate.
What happens to a home if you are not on the loan but on the title-deed and the person on the loan dies?
what happens if your husband dies and i am on deed,but not on loan.am i responsible for the loan and do i keep the house/
If your house is repossessed due to a secured loan and there is not enough equity to pay the loan what then happens to the secured loan?
You will be liable to pay the debt outstanding.
What happens if you cosign a loan and the other person dies?
yes
When the insured dies and a loan exists what happens?
Benefits are reduced
What happens when your husband dies leaving an outstanding car loan?
The lending institution can place a claim for payment against the estate.
What happens to a home if you are not on the loan but on the title-deed and the person on the loan dies?
what happens if your husband dies and i am on deed,but not on loan.am i responsible for the loan and do i keep the house/
If your house is repossessed due to a secured loan and there is not enough equity to pay the loan what then happens to the secured loan?
You will be liable to pay the debt outstanding.
What happens if you cosign a loan and the other person dies?
yes
When the insured dies and a loan exists what happens?
Benefits are reduced
What happens to a loan if the seller dies?
If a seller dies, a loan might still be owed by the family of the person that died. In some cases, the loan would be forgiven if the seller died or passed away.
What happens if you are a borrower and the co-signer dies?
If the co-signer dies the surviving borrower is responsible for paying the loan.
What happens if co-signer of a student loan dies?
The other signer is responsible.
Define outstanding loan?
Difference between loan disbursed and loan outstanding; the unpaid remainder that you still owe.
What happens if a co signor dies before the loan is paid?
The other signatory on the loan is now fully responsible for the debt.
What happens to loan with one parent if that parent dies?
Some institutes, if its a smaller loan will allow you to fax in a death ceterifercate.
If your spouse dies then receives a credit on a bank debit card can the bank take that credit and apply it to an outstanding loan that was only in your spouse's name?
Yes, if the loan is at the bank where the debit card was issued.
