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can you transfer a traditional loan in default to a veteran's loan?
Wiki User
∙ 14y ago
No, you cannot transfer the loan until you bring the loan payments to current.
Wiki User
∙ 14y ago
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What is loan default?
If you don't pay a loan when due, you default on the loan.
Who's eligible for a VA-backed loan?
Veterans are eligible for a VA-backed loan. Veterans who were released are also eligible for VA-backed loan.
What is the definition of a VA mortgage loan?
The definition of a VA mortgage loan is a loan that is guaranteed by the Veterans Administration. The purpose of this loan is to assist veterans and their families in obtaining home financing.
Does and outstanding credit card loan that hasn't been paid ruin your chance of co signing for a car loan?
If you have a bad credit report from a loan in default a lender wouldn't want your guaranty that the primary borrower's loan will be paid by you if they default.If you have a bad credit report from a loan in default a lender wouldn't want your guaranty that the primary borrower's loan will be paid by you if they default.If you have a bad credit report from a loan in default a lender wouldn't want your guaranty that the primary borrower's loan will be paid by you if they default.If you have a bad credit report from a loan in default a lender wouldn't want your guaranty that the primary borrower's loan will be paid by you if they default.
Is it a criminal offense to default on a loan?
It is criminal to default on a loan only if you know going into it that you will not be able to pay it back. You must be honest when agreeing to the terms of a loan.
If I default on my personal loan agreement, can they repossess my collateral?
Your property can be subject to repossession if you default on a loan. This can be the case if you put up part of your collateral as a guarantee for your loan.
If you default on your pay day loan will that affect your credit?
Yes, if you default on any loan it will affect your credit rating negatively.
Is Ford Motor Company allowed to garnish wages?
If you default on a loan and Ford sues you, it can garnish your wages if it wins the lawsuit.If you default on a loan and Ford sues you, it can garnish your wages if it wins the lawsuit.If you default on a loan and Ford sues you, it can garnish your wages if it wins the lawsuit.If you default on a loan and Ford sues you, it can garnish your wages if it wins the lawsuit.
What are some government loans available to veterans?
The better known government loan available to veterans is the home loan guaranty service. This is used to help veterans purchase, and afford, a house for cheap.
What happens if you do not pay your check n go installment loan?
The loan will be a default loan
Are you in default of a car loan if the vehicle is not registered?
Registration of the vehicle has nothing to do with the loan or financing of the vehicle. The only was to "default" is to not make the payments.
Can you get a student loan if one of your parents is in default on their student loan?
Yes.
