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What is a failure to pay back a loan?

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∙ 10y ago

Updated: 10/16/2024

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Failure to pay back a loan called?

default

Can you pay back a loan with the loan money?

No, you cannot pay back a loan with the same loan money.

Do you have to pay back an unsecured loan?

It is probably a good idea to pay back any loan. A loan, by definition, is something being furnished on condition of being returned. If you don't pay it back, it is not a loan. It is stealing.

Is it possible for me to pay back my 401k loan early?

Yes, it is possible to pay back your 401k loan early.

have fair crediit need a loan with time to pay it back?

have fair crediit need a loan with time to pay it back?

Related Questions

Failure to pay back a loan called?

default

What does default refer to-?

the failure to pay back a loan

What happens if you don't pay back a payday loan in louisville Kentucky can you serve jail time for this?

If you can not pay back a payday loan the account can go into collections until repaid. The payday loan company may also file a claim in court. Failure to pay back a payday loan will not result in jail time.

Can you pay back a loan with the loan money?

No, you cannot pay back a loan with the same loan money.

What is the failure to pay back loans?

*A bad idea *A pretty good way to make sure you never get another loan.

Do you have to pay back the loan for repairs on a home?

What you do with a loan is irrelevant. You always have to pay it back.

What is it called when you don't pay back a loan?

Failing to pay back a loan is called defaulting on the loan.

Do you have to pay back an unsecured loan?

It is probably a good idea to pay back any loan. A loan, by definition, is something being furnished on condition of being returned. If you don't pay it back, it is not a loan. It is stealing.

Is it possible for me to pay back my 401k loan early?

Yes, it is possible to pay back your 401k loan early.

have fair crediit need a loan with time to pay it back?

have fair crediit need a loan with time to pay it back?

Need a loan but can not pay back?

If you need a loan but can't pay it back, you should not get a loan. You should rethink your 'need' and find another way to resolve it. If you borrow money that you can't pay back, that is a form of theft.

How does a loan and a grant are different?

A loan you usually have to pay back and with a grant as long as you stay within the criteria to have it, you don't have to pay it back.

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