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Assuming I've understood the question properly, no you cannot. You don't get handed a big pile of cash to do whatever you want with when you get an auto loan. You get a piece of paper saying that you've been approved. When you pick out a car, the dealership gets the money directly from the bank and sends them back the title. You never have the money, so you can't "put it in a checking account."
Now, there's a possibility that you're talking about a secured loan, in which you're putting the title of a car (or some other asset) that you already own up as collateral for a loan. In that case you DO get cash (well, probably you actually get a cashier's check) and you can do whatever you want to with it... you can pay your mortgage, buy a new TV, put it in your checking account, or just get naked and roll around in it; the finance company doesn't really care, because paying it back is your problem and if you don't do it they'll take your car.
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Can a loan be put on a Visa debit card even not having a checking account?
First of all, you cannot get a VISA debit card without having a checking (Or savings) account. A debit card does not exist stand-alone without a linked bank account. So, if your VISA debit card is linked to your bank account, then you can use it to pay for a loan. For a loan provider, the type of bank account you have does not really matter. All that matters is whether you'll repay the loan.
What limit can you put in a checking account in Florida?
what limit of money can you put in your checking account in Florida bank of America
What will allow you funds from your checking account?
Deposits that you put in the account.
What is the maximum loan amount Magnum Cash Advance offers?
Magnum Cash Advance can offer a loan of $1,200. Or, the amount can be up to 30% of the take home pay that is put into a checking account every month.
Can you put your minor child on auto loan?
No. They have to be 18, to be on any kind of loan
What are the disadvantages of using checking accounts?
Many checking accounts do not offer interest on the money in your savings account. This is a disadvantage because the money you put in a savings account will collect interest, where a checking account will not.
What is a hold on your checking account?
You can't write a check until you put more money into your account.
Do you need to have a job to open a checking account?
You do not need to have a job to open a checking account, you do however need some money to put into the checking account so having a job or having a parent with a job is almost always a necessity, as a means to get the money to start the account.
How can you get a loan put on your Account now Visa card?
You can add the money from the loan to your card anywhere that accepts the card.
If an auto loan has been charged off can you still pay payments to the lender and keep vehicle?
Why? If your auto loan was filled with your bankruptsy, you have the auto. I filled Bankruptsey but had not put the car on. If you had the car loan filled within the bankruptsy your done with the loans. wish i would have done that !!
Does fifth third bank check your credit before opening an account?
If you are opening a savings or checking account, the bank doesn't care about your credit because you won't be able to do anything unless you put money into the account. If you're applying for a credit account, of course they are going to look at your credit history to see if you will be likely to pay them back for what they loan you.
Can a creditor put an attachment on a joint account in NY?
A creditor can put an attachment on a joint savings or checking account in NY. When an account is held jointly with another individual, the creditor does not know who contributes more to the account and secures the account as an asset.
