answersLogoWhite

0

What else can I help you with?

Continue Learning about Finance

Accelerate a loan?

To accelerate a loan is to demand full and immediate payment of the entire unpaid balance of the loan, including principal, interest, late charges and collection costs (not just the delinquent portion).


If you are making you monthly payments on your student loan can you still get your income tax at the end of the year?

If you are not delinquent with your student loan, your federal income tax refund will not be garnished.


What is The Penalty For Default On My Small Short-Term Loan?

For just about any delinquent balance after your deadline on your short-term loan, yet another 0.5% monthly is going to be billed on the delinquent principal balance. You'll be blocked from receiving other short-term loans and blocked from registration and asking for your transcript. Furthermore, your credit history will reflect the default in your short-term loan.


How long usually a loan will be delinquent before the first legal action to initiate foreclosure.?

Typically, a loan may be considered delinquent after 30 days of missed payments, but the timeline for initiating foreclosure can vary by lender and state laws. Generally, lenders may wait until a borrower is 90 to 120 days delinquent before starting foreclosure proceedings. However, this period can differ based on the specific loan terms and local regulations. It's essential for borrowers to communicate with their lenders to understand their options and avoid foreclosure.


What is the duty of a loan officer?

The duty of a loan officer is to take applications for loans and mortgages. The loan officer must look to protect both the interest of the client and of the lending institution. They will do credit checks on customers, and follow up with delinquent payments.

Related Questions

Use delinquent in a sentence?

Mom was a very big delinquent when she was in high school.


How long does one have to be delinquent on a loan before a car is repossessed?

To determine how long one will have to be delinquent on a loan before a car is repossessed depends entirely on where the loan was taken from. Different places allow different payback requirements.


When a borrower pays the delinquent amount on a loan and resumes making regular payments the loan is considered?

current, in good standing, etc.


What is the Fannie Mae foreclosure law?

how many days delinquent before a loan goes into foreclosure


Can you refinance a house that has delinquent payments?

It is possible to refinance out of loan in which you have made delinquent payments. Only the most experienced Mortgage consultants would be able to lead you through the process.


Accelerate a loan?

To accelerate a loan is to demand full and immediate payment of the entire unpaid balance of the loan, including principal, interest, late charges and collection costs (not just the delinquent portion).


If you are making you monthly payments on your student loan can you still get your income tax at the end of the year?

If you are not delinquent with your student loan, your federal income tax refund will not be garnished.


How long do you need to be delinquent before they can repossess your car in Pennsylvania?

CHECK THE LOAN PAPERS. SOME 30 DAYS SOME ARE LONGER. IT ALL DEPENDS ON YOUR LOAN.


Will you get a refund if your federal tax refund amount is larger than the amount of a delinquent student loan?

Yes this is possible


What is The Penalty For Default On My Small Short-Term Loan?

For just about any delinquent balance after your deadline on your short-term loan, yet another 0.5% monthly is going to be billed on the delinquent principal balance. You'll be blocked from receiving other short-term loans and blocked from registration and asking for your transcript. Furthermore, your credit history will reflect the default in your short-term loan.


How long can a bank require you to pay on a delinquent loan?

Until it's paid off, or you declare bankruptcy and have the debt forgiven.


How long usually a loan will be delinquent before the first legal action to initiate foreclosure.?

Typically, a loan may be considered delinquent after 30 days of missed payments, but the timeline for initiating foreclosure can vary by lender and state laws. Generally, lenders may wait until a borrower is 90 to 120 days delinquent before starting foreclosure proceedings. However, this period can differ based on the specific loan terms and local regulations. It's essential for borrowers to communicate with their lenders to understand their options and avoid foreclosure.