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What else can I help you with?
Is an unpaid house considered an asset?
Yes, an unpaid house is considered an asset because it holds value and can be sold or used as collateral for a loan.
Can you sue for an unpaid loan after 4years?
Definitely, you can sue for unpaid loan. Please ensure that you have documents that support you loan and the receiver of loan.
Can a payday loan company sue for an unpaid loan?
Yes
Can you avail for multi purpose loan even if you still have unpaid calamity loan?
A multi purpose loan is not able to be availed for if a calamity loan is unpaid. The loanist be paid off before another loan can be availed for.
Is car loan an asset?
A car loan is not considered an asset; rather, it is a liability. An asset is something of value that you own, while a car loan represents money you owe to a lender. However, the car itself can be classified as an asset, as it has value and can be sold or used as collateral. The loan and the car exist in a balance, with the loan being a debt against the asset.
Is an unpaid house considered an asset?
Yes, an unpaid house is considered an asset because it holds value and can be sold or used as collateral for a loan.
Can you sue for an unpaid loan after 4years?
Definitely, you can sue for unpaid loan. Please ensure that you have documents that support you loan and the receiver of loan.
What are the legal implications for a long unpaid loan?
An unpaid loan can have serious legal implications. Not only will an unpaid loan ruin credit scores but the business can put the loan into collections or place a judgement against the customer.
Can a creditor put a lien on your mortgage over a 2000 dollar unpaid student loan?
Yes. If you owe a creditor money and you have an asset (such as a house), a creditor can put a lien against your asset for any amount, even $1.
Is a bank loan a financial asset?
Bank loan is a liability for business not an asset for business.
Can a payday loan company sue for an unpaid loan?
Yes
Can you avail for multi purpose loan even if you still have unpaid calamity loan?
A multi purpose loan is not able to be availed for if a calamity loan is unpaid. The loanist be paid off before another loan can be availed for.
Why is a bank loan a financial asset?
The only way that a bank loan can be an asset is if the loan is less than what the assett is worth. Otherwise I do not belive a bank loan can be an assett. Answer 1: A Bank loan is an asset for the bank because it is money that a customer will repay. Any instrument in which money will be received can be considered an asset. In case of a loan, it is an asset to the bank and a liability to the person who borrowed the money
Interest paid on loan to buy an asset-asset or liability or expense?
Loan acquired to buy an asset is a liability of business so interest incurred on that loan is also part of that loan and that's why it is also the liability of business.
What is a loan that is linked to an asset called?
An unsecured loan An unsecured loan
Can an unpaid ticket stop a car loan?
no
What is the unpaid portion of a loan called?
Principal
