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Collateral
Immanuel Connelly
Wiki User
∙ 7y agoIt known as a promissory note.
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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 the difference between a Promissory Note and a Loan?
A loan is a sum of money which is borrowed on the condition that it will be paid back.A promissory note is a written promise to pay the loan that sets forth the terms of the loan and is signed by both parties.
Will you have to pay the transport fee back to the state that issued the loan?
read the contract you signed. It likely states that YOU will pay ALL fees associated with collecting on the loan if you are in default. YES
Is a co-signed loan on my credit report?
The short answer is yes. The long answer is that when you co-sign a loan for another person, you agree to be responsible for that loan should they default so if they fail to pay the loan back, the creditor will expect you to shoulder the responsibility. If you fail to pay the loan back, it goes on your credit report.
Which of these is a signed promise to pay back a loan?
promissory note
What is the signed promise to pay back a loan?
It is called a note.
What is a promise to pay back loan?
Collateral
What is the difference between a Promissory Note and a Loan?
A loan is a sum of money which is borrowed on the condition that it will be paid back.A promissory note is a written promise to pay the loan that sets forth the terms of the loan and is signed by both parties.
Will you have to pay the transport fee back to the state that issued the loan?
read the contract you signed. It likely states that YOU will pay ALL fees associated with collecting on the loan if you are in default. YES
Is a co-signed loan on my credit report?
The short answer is yes. The long answer is that when you co-sign a loan for another person, you agree to be responsible for that loan should they default so if they fail to pay the loan back, the creditor will expect you to shoulder the responsibility. If you fail to pay the loan back, it goes on your credit report.
Can a family member take your car if you signed over the title to them for a personal loan?
Yes, if you did not pay back the loan. That is what "signing over" the car is all about.
Do you have to pay a Tennessee title loan back if you never had a clear title?
Absolutely. You still borrowed the funds to purchase the property and you signed a note promising to pay the loan.Absolutely. You still borrowed the funds to purchase the property and you signed a note promising to pay the loan.Absolutely. You still borrowed the funds to purchase the property and you signed a note promising to pay the loan.Absolutely. You still borrowed the funds to purchase the property and you signed a note promising to pay the loan.
Can an employer hold your last check for an unpaid loan if there was no payback agreement made or signed?
If they can show that a loan was made, they are entitled to get the money back. No agreement to pay it back needs to be shown.
What happens if you co signed a student loan and the primary borrower dies?
Their going to come after you to pay the debt. YOU CO-SIGNED! That means in the event that the primary borrower can not or does not pay the loan you are responsible to pay that loan. There is no way around that.
Can a lender take you to court after two years of having the loan with them and now you cant pay your loan and they find that what you qualify for the loan was incorrect information?
At any point, in which you break the promissory note in which you signed to pay back the principal and interest of your loan, they can take you to court, sue you, foreclose on you, or repossess whatever the collateral was. At any point, in which you break the promissory note in which you signed to pay back the principal and interest of your loan, they can take you to court, sue you, foreclose on you, or repossess whatever the collateral was.
Do you still have to pay off a loan for a stolen vehicle?
Yes. If you signed for the loan, you signed up to pay it in its entirety. Hopefully, your insurance will cover most of it, but the rest is your responsibility.
