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What is a promise to pay back loan?

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Anonymous

10y ago
Updated: 6/17/2022

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Horace Hill

Lvl 10
3y ago

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Related Questions

What is the signed promise to pay back a loan?

It is called a note.


Which of these is a signed promise to pay back a loan?

promissory note


What is a signed promise to pay back loan?

Collateral


Can you pay back a loan with the loan money?

No, you cannot pay back a loan with the same loan money.


Do you have to pay back the loan for repairs on a home?

What you do with a loan is irrelevant. You always have to pay it back.


What is it called when you don't pay back a loan?

Failing to pay back a loan is called defaulting on the loan.


Do you have to pay back an unsecured loan?

It is probably a good idea to pay back any loan. A loan, by definition, is something being furnished on condition of being returned. If you don't pay it back, it is not a loan. It is stealing.


Why credit card not considered money?

because a credit card purchase is a loan, a promise to pay back in the future. it does not fall under the definitions of money (m1,2,3)


Is it possible for me to pay back my 401k loan early?

Yes, it is possible to pay back your 401k loan early.


What is the remedy of an employee who can not pay a salary loan after losing the job?

First: when you borrow money you have to pay it back. Now depending on the local laws it can be a very complex issue. For instance did the employer make an implied promise that the employee wpuld be employed long enough to pay back the loan? Or was it specifically a loan against future paychecks? Your best bet is to see a lawyer to sort out the provable circumstances surrounding the loan and end to employment.


have fair crediit need a loan with time to pay it back?

have fair crediit need a loan with time to pay it back?


Need a loan but can not pay back?

If you need a loan but can't pay it back, you should not get a loan. You should rethink your 'need' and find another way to resolve it. If you borrow money that you can't pay back, that is a form of theft.