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Yes, being in prison does not make someone immune from being sued (or prosecuted for anything, for that matter).
You should be sure the person has assets (money, property, etc.) that can be used to pay you before you waste your time/money suing them. If they don't own anything, then you can't expect to be paid.
What else can I help you with?
Do people have to pay taxes while in prison?
Yes, individuals in prison are still required to pay federal income taxes on any income earned while incarcerated. However, they may not have access to certain deductions or credits available to those outside of prison.
Can unpaid loan in Citibank Bahrain get you arrested in the Philippines?
While failure to repay a loan in another country may lead to legal consequences such as being pursued by debt collectors and facing legal action in that country, it is highly unlikely that you would be arrested specifically for an unpaid Citibank Bahrain loan while in the Philippines. However, it is important to address and resolve any outstanding debts to avoid potential implications for your credit score and financial standing.
When someone goes to prison what happens to his credit card debt?
The individual would still be responsible for their credit card debt, but their ability to make payments may be impacted while in prison. The debt will not disappear, and the credit card company may pursue collection efforts or legal action to recover the debt.
What is the name given to someone who borrows money?
The lender loans money to the borrower.The borrower takes the loan out with the lender.The borrower is then in debt (owes money) to the lender and the lender is in credit with the borrower and will want the borrower to pay him/her back.
How do I get a lawsuit settlement loan?
To get a lawsuit settlement loan, you will typically need a pending lawsuit or settled case with a potential financial award. You can apply for a settlement loan with a legal funding company, who will evaluate your case and offer a loan based on the estimated value of your settlement. Keep in mind that lawsuit settlement loans often come with high interest rates, so it's important to carefully consider the terms before proceeding.
Can you prison if you don't pay loan back?
no
Is a student loan excused if the person is in prison and cannot pay?
No.
If one co-signs for someone who dies is that co-signer's personal property responsible for the recovery of that loan?
YES, it is no different than if the co-signor was the only one on the loan. They promised to pay if the primary didnt.
Can you pay off someone else's car loan?
Yes, it is possible to pay off someone else's car loan by providing the lender with the necessary funds to settle the remaining balance on the loan.
Is it possible to pay someone to cosign a loan for me?
Yes, it is possible to pay someone to cosign a loan for you. However, it is important to carefully consider the implications and responsibilities involved in cosigning a loan before proceeding.
How do you get out of a used car loan?
To get out of a used car loan, pay off the loan or find someone else who will do that.
What if your name is on the loan for someone else and they failed to pay the loan?
Unfortunately, you would be held responsible for that debt and would have to pay it.
Is it true you can pay someone to help get a loan modification?
no
What does it mean to have a guarantor on an auto loan?
A cosigner- someone who agreesto pay the loan if you default
Do I have to pay for a cosigner when applying for a loan?
No, you do not have to pay for a cosigner when applying for a loan. A cosigner is someone who agrees to be responsible for the loan if you are unable to make payments, but they do not typically have to pay any fees to be a cosigner.
What is a grantor on a loan?
A guarantor is the person who agrees to pay on a debt of someone else if the person who guaranteed to pay defaults on the loan. A guarantor is a type of co-signer for the loan.
How do you put your car loan in someone else's name?
You just can't place your loan in someone else's name. That other person has to get his/her own loan for the car and pay off your loan.
