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Failing to pay back a loan is called defaulting on the loan.
Wiki User
∙ 13y ago
Wiki User
∙ 14y agoStealing?
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Failure to pay back a loan called?
default
What is money that you have to pay back called?
it is known as a loan.
How can you do it to deliver your baby if you dont have medical or inshurance?
You have to pay after and/or take a loan. It can take years to pay back.
Who are the micro-lenders and why sometimes are called 'loan sharks'?
because they dont pay
What is the signed promise to pay back a loan?
It is called a note.
Is it better to buy a car with cash or a loan?
cash, then you dont have to pay anyone back
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.
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.
What is an agreement between a consumer and lender to borrow money and pay it back in increments called?
loan
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.
How does a loan and a grant are different?
A loan you usually have to pay back and with a grant as long as you stay within the criteria to have it, you don't have to pay it back.
