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they can be sued and ordered to pay a fine

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Q: When someone doesn't pay a loan what could happen to them?
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Related questions

How could someone take a loan in your name?

by deception


Can you get a car loan without having a drivers license?

No you need a valid DL for the loan officer to see...or you could have someone co-sign a loan for you...


Can someone else take out a loan on a car for you?

This is called a 'straw' purchase. It does happen in the industry, but the banks do not allow it.


Where could one get an auto title loan?

Incestopia is the best place someone could get a loan just because of the simple fact that they do not do credit checks prior to signing for a loan. This allows for even people with the worst credit to get a loan for their car.


What is worst that can happen if you cant pay your bank loan in Ireland?

Your home could be repossessed by the bank.


A place called united processing investigations said you were going to jail for defaulting on loan can that happen?

No, and in the USA they could be severely fined for telling someone this lie, under the Fair Debt Collections Practices Act.


Where could one find an auto loan calculator?

If someone wanted to find an auto loan calculator there are a variety of places where someone can find one. Some of these places are Tesco Bank and Bank Rate.


If you moved to another country but still have a car loan can you refinance that loan in someone else's name?

The "someone else" needs to apply for a loan to pay off your car loan. With your loan paid off, you can sign the title over showing it free & clear. Don't sign off on the title until you know the loan is paid--or you could find that you no longer own the car but still have a loan to pay.


If you are the co-buyer on the car is the loan in your name also?

IF your name is on the LOAN papers, you are the co-signor and responsible for paying the loan if the debtor doesnt.


Where could someone in need of a loan but with bad credit obtain finance?

There are a few ways that someone with bad credit can obtain finance, The first is to use a home equity line of credit and you could also apply to credit unions or receive a peer to peer loan.


Where could someone get more information on a refinance loan in VA?

One could get loan refinancing information in Virginia from the VA Gov website. One can also find information on Wikipedia and sites like Mortgage Calculator and Home Loan Learning Center.


What happen if a parent dies and they gave the house to there child and took a loan on there home for repairs what happen to the balance of the loan?

the child continue to pay the loan of her his parents