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A unpaid loan lasts forever or until it is lost. Basically if a lender is fed up with waiting to get paid it sells the loan to a collection agency which buys it at a fraction of the value. The collection agency upon purchase of the loan then has the right to pursue the person who's name is on the loan. Collection agencies are usually persistent and quite annoying, sometime even going out of their way to harass the debtor.
What else can I help you with?
How many years is the average business loan?
30yrs
How many years is the normal length for a home mortgage loan?
30 years
How does a home get repossessed?
A home can get repossessed in many ways, the most common reason is that they owner of the house has not payed the bank the loan that they took out so as to by the house, or that the person hasn't pay many bills so they take the equivalent of the unpaid bills.
Balloon Loan Calculator?
Balloon Loan Calculator A balloon loan can be an excellent option for many borrowers. A balloon loan is usually rather short, with a term of three to five years, but the payment is based on a term of up to 15 years. There is, however, a risk to consider. At the end of your loan term, you will need to pay off your outstanding balance. This usually means you must refinance your loan or convert the balloon loan to a traditional loan at the current interest rates.
What are the current Wells Fargo mortgage rates?
It depends on how many years and what kind of loan (Conforming or FHA). The most standard loan is a 30 year fixed loan, which has an interest rate of 3.625% and an APR of 3.799%.
What is loan outstanding?
How many unpaid debts do you have?
How many years can MD state go back to get unpaid sales and use taxes?
how many years can the state of maryland collect owed unpaid sales and use taxes from a business
What is the purpose of a CCJS loan?
The purpose of a CCJ loan is to borrow money from the company for the use of various different things such as unpaid bills that cannot be paid for at the moment, to buy a car, and many other things.
How many years is the average business loan?
30yrs
How many years is the normal length for a home mortgage loan?
30 years
How many years out of foreclosure to qualify for a fannie Mae loan?
4
How many years does the Leo last?
the Leo last around 2165 years.
How many leaps years in the last 25 years?
There have been six leap years in the last 25.
How many years can pennies last?
They easily last 30 to 40 years, if not longer.
How many years did the American Resoloution last?
i think it last 5-10 years
For how many years does a president last?
4 years
How does a home get repossessed?
A home can get repossessed in many ways, the most common reason is that they owner of the house has not payed the bank the loan that they took out so as to by the house, or that the person hasn't pay many bills so they take the equivalent of the unpaid bills.
