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Yes, there are specific circumstances when you may not be obligated to repay a loan, such as in cases of loan forgiveness programs, certain types of grants, or if the lender cancels the debt due to specific conditions like bankruptcy or settlement agreements. Additionally, loans taken for specific purposes, such as educational loans under certain conditions, may have periods of deferment where repayment is not required. However, it’s essential to understand the terms of your loan agreement and any applicable laws.
What else can I help you with?
Can you explain how a gift loan works and how it differs from a traditional loan?
A gift loan is when someone gives you money without expecting you to pay it back, while a traditional loan is money you borrow and must repay with interest. With a gift loan, there is no obligation to repay, but with a traditional loan, you must repay the borrowed amount plus interest over time.
What is reverse mortage?
this is a loan to senior persons who own their home and the loan is taken out against the value of that home. The owners obligation is to repay the loan upon death or when the owner leaves
Do you get taxed for taking a 401k loan?
Yes, you do not get taxed for taking a 401k loan, but you may face taxes and penalties if you do not repay the loan on time.
Do you have to repay a federal student loan?
Everyone has to repay the federal student loans. However some people are eligible, dependent on the job that they get after graduation, to have loan forgiveness for a portion of their loan. In that case they will only have to repay the portion of the loan that is not forgiven.
What do I need to know about First Time Business Loans?
Like any other loan you want to get the best terms possible. It's more important to know if and how you can repay the loan. You also have to be sure that the scope of the loan fits your needs so that you can repay the loan and also have the necessary funds for your venture.
Can you explain how a gift loan works and how it differs from a traditional loan?
A gift loan is when someone gives you money without expecting you to pay it back, while a traditional loan is money you borrow and must repay with interest. With a gift loan, there is no obligation to repay, but with a traditional loan, you must repay the borrowed amount plus interest over time.
What is reverse mortage?
this is a loan to senior persons who own their home and the loan is taken out against the value of that home. The owners obligation is to repay the loan upon death or when the owner leaves
How much time do you get to repay a loan?
depends on the length of the loan. at what you have arranged with your bank, or loan angency
What is the paper note that promises to repay money in a certain length of time?
loan
Do you get taxed for taking a 401k loan?
Yes, you do not get taxed for taking a 401k loan, but you may face taxes and penalties if you do not repay the loan on time.
Do you have to repay a federal student loan?
Everyone has to repay the federal student loans. However some people are eligible, dependent on the job that they get after graduation, to have loan forgiveness for a portion of their loan. In that case they will only have to repay the portion of the loan that is not forgiven.
where can i get a small business loan, that i do not have to repay?
You can take a small business loan, but you will have to repay it or face bankruptcy and having your assets seized. Instead you can pursue a grant, which you do not have to repay.
Is common stock a liability?
No, common stock is equity, it represents the capital provided by the owners. A liability is an obligation of the firm to other parties (like repay a bank loan, etc).
What is an example of a sentence using the word 'obligation'?
'He had an obligation to repay his mortgage by the end of the following year.'
What is the Past tense of to have and obligation to pay or repay money?
owed.
What do I need to know about First Time Business Loans?
Like any other loan you want to get the best terms possible. It's more important to know if and how you can repay the loan. You also have to be sure that the scope of the loan fits your needs so that you can repay the loan and also have the necessary funds for your venture.
Is it possible to get a new mortgage on a mortgage free home without income verification?
That is not likely. The main factor in being approved for a loan is not whether there is debt on the property but whether youcan repay the loan. The lender will verify your income to make certain you have the ability to repay the money they loan to you.That is not likely. The main factor in being approved for a loan is not whether there is debt on the property but whether youcan repay the loan. The lender will verify your income to make certain you have the ability to repay the money they loan to you.That is not likely. The main factor in being approved for a loan is not whether there is debt on the property but whether youcan repay the loan. The lender will verify your income to make certain you have the ability to repay the money they loan to you.That is not likely. The main factor in being approved for a loan is not whether there is debt on the property but whether youcan repay the loan. The lender will verify your income to make certain you have the ability to repay the money they loan to you.
