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It's a type of loan that once it's paid off it's closed you can't add on to this loan again.

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Kristin Roberts

Lvl 10
3y ago

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Related Questions

Why is my auto loan closed?

Your auto loan may be closed because you have fully paid off the loan amount, or because the loan term has ended.


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Kaluzhskaya - closed - ended in 1974.


What is the meaning of a closed loan?

A closed loan refers to a financial agreement where all the terms and conditions have been met, and the funds have been disbursed to the borrower.


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What debt uses collateral against the loan?

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Why does my auto loan closed appear on my credit report?

Your auto loan being marked as closed on your credit report is a normal part of the loan process. It shows that you have paid off the loan in full, which can positively impact your credit score by demonstrating responsible financial behavior.


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A closed-ended question is one where the answer is not open to interpretation. An example of a closed-ended question would be, "What is the year of the sinking of the Titanic, 1912 or 1913?"


What is a closed ended fund?

A Closed ended fund is one that does not accept further investments from investors once the initial offer period is complete.


What is the current balance on my closed auto loan?

To find out the current balance on your closed auto loan, you should contact the lender or financial institution that provided the loan. They will be able to provide you with the most up-to-date information on the remaining balance.


Is the closed auto loan showing on my credit report?

To find out if the closed auto loan is showing on your credit report, you can request a copy of your credit report from one of the major credit bureaus - Equifax, Experian, or TransUnion. The closed auto loan should be listed under the accounts section of your credit report.


What is a synonym for closed?

ended, final, finished


Have no bank account need loan?

Its just closed for overdraft