answersLogoWhite

0

It won't affect the lender's lien position but their policy. Most lenders won't close the loan if the bankruptcy has not been discharged. If you have been given the discharged paper, you can give a copy of it to the lender and the title company so that they have it in their records.

User Avatar

Wiki User

19y ago

What else can I help you with?

Continue Learning about Finance

What does dc stand for on credit report?

On a credit report, "DC" typically stands for "Discharged," indicating that a bankruptcy has been officially discharged. This means that the debtor is no longer legally obligated to pay back certain debts, and it reflects a significant event in their credit history. It's important because it can impact credit scores and future creditworthiness.


What reflects the financial position of a company at any given time?

The 'financial statement' reflects the financial position of a company at any given time.


Who bought out pfl insurance company in little rock Arkansas?

PFL Insurance Company in Little Rock, Arkansas, was acquired by the National Insurance Company. The acquisition aimed to expand National Insurance's portfolio and enhance its offerings in the market. This move reflects ongoing consolidation trends within the insurance industry.


How do you remove a home loan from you credit report after bankruptcy it was listed on Bankruptcy.?

Bankruptcy information (and other legal actions like judgments) may stay on a credit report for up to ten years after the fact. If your credit report still reflects a bankruptcy after ten years, create a dispute/update request with the associated credit reporting company and include proof that the bankruptcy is older than ten years old (the state record of the original date of bankruptcy action is typically all of the proof one needs). Negative items (including home loans that may have been forgiven) may stay on your credit report for up to seven years after the occurrence, regardless of bankruptcy status. Similar to the process above, if there is negative information on your credit report after seven years, one can request an update/modification of the credit report by providing appropriate proof.


What are Insurance Return Checks?

Insurance return checks are refunds issued by insurance companies to policyholders when they have overpaid their premiums or when a policy is canceled before its term ends. These checks can result from various factors, such as changes in coverage, administrative errors, or the cancellation of a policy due to non-payment. The amount refunded typically reflects the unused portion of the premium. Policyholders should review these checks carefully to ensure they reflect accurate calculations and to understand their implications on their insurance status.

Related Questions

What does dc stand for on credit report?

On a credit report, "DC" typically stands for "Discharged," indicating that a bankruptcy has been officially discharged. This means that the debtor is no longer legally obligated to pay back certain debts, and it reflects a significant event in their credit history. It's important because it can impact credit scores and future creditworthiness.


Is bankruptcy better when paying off bills due to a foreclosure?

Bankruptcy should only be a last resort when someone is faced with debt and a foreclosure. Bankruptcy always reflects on someone's records, even when they stumble on new financial opportunities.


What reflects the financial position of a company at any given time?

The 'financial statement' reflects the financial position of a company at any given time.


What does graded benefit mean in a life insurance policy?

payout reflects military rank


Does reflection change the position of an object?

No, reflection does not change the position of an object. When light reflects off an object, it bounces back without altering the object's position.


The view that a woman has the right to control her own body reflects which ideological position?

left


Is special insurance required for tipper vans?

Yes special insurance is required for all "working" vehicles, that is vehicles that do heavy work. Garbage trucks and other Tipper vehicles require insurance that reflects the heavy work they do.


If you declared bankruptcy can a creditor continue to mark your report as a charge off even after the date of your bankruptcy?

The account will or should be changed to read "included in bankruptcy". It will still however remain on the report until the seven year time limit expires. However, the account is charged off for the amount that wasn't collected and reporting that would be proper too. (Charge off is how the creditor reflects that you didn't pay and he had a loss on the account...that it was by bankruptcy makes no difference...actually worse).


Who bought out pfl insurance company in little rock Arkansas?

PFL Insurance Company in Little Rock, Arkansas, was acquired by the National Insurance Company. The acquisition aimed to expand National Insurance's portfolio and enhance its offerings in the market. This move reflects ongoing consolidation trends within the insurance industry.


What is normal balance of unexpired insurance?

The normal balance of unexpired insurance, which is classified as an asset on the balance sheet, is a debit balance. This reflects the prepaid portion of insurance premiums that have not yet been expensed. As the insurance coverage is consumed over time, the expense is recognized, reducing the asset balance accordingly.


What kind of financial compensation would you expect for this position?

For this position, I would expect a competitive salary that reflects my experience and the responsibilities involved, typically in the range of [insert appropriate range based on industry standards]. Additionally, I would appreciate consideration of benefits such as health insurance, retirement plans, and performance bonuses. Ultimately, I am open to discussing a compensation package that aligns with the company's budget and the value I can bring to the team.


How much does classic car insurance cost?

Classic car insurance can range in costs, all depending on the year, make, and condition of the vehicle. Your age also reflects the rates. It can range from $60 to $600.