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Pay or fight. A default judgment is about the worst outcome.
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∙ 12y ago
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What is loan default?
If you don't pay a loan when due, you default on the loan.
Does and outstanding credit card loan that hasn't been paid ruin your chance of co signing for a car loan?
If you have a bad credit report from a loan in default a lender wouldn't want your guaranty that the primary borrower's loan will be paid by you if they default.If you have a bad credit report from a loan in default a lender wouldn't want your guaranty that the primary borrower's loan will be paid by you if they default.If you have a bad credit report from a loan in default a lender wouldn't want your guaranty that the primary borrower's loan will be paid by you if they default.If you have a bad credit report from a loan in default a lender wouldn't want your guaranty that the primary borrower's loan will be paid by you if they default.
Can I be sued for a unpaid payday loan of 900?
Absolutely ! If you've borrowed money against your wages, and default on payments, the finance company can (and will)take you to court to recover their loan. This will result in their debt being taken directly from your wages - plus the cost of the court action !
Is it a criminal offense to default on a loan?
It is criminal to default on a loan only if you know going into it that you will not be able to pay it back. You must be honest when agreeing to the terms of a loan.
If I default on my personal loan agreement, can they repossess my collateral?
Your property can be subject to repossession if you default on a loan. This can be the case if you put up part of your collateral as a guarantee for your loan.
If you default on your pay day loan will that affect your credit?
Yes, if you default on any loan it will affect your credit rating negatively.
What happens if you do not pay your check n go installment loan?
The loan will be a default loan
Is Ford Motor Company allowed to garnish wages?
If you default on a loan and Ford sues you, it can garnish your wages if it wins the lawsuit.If you default on a loan and Ford sues you, it can garnish your wages if it wins the lawsuit.If you default on a loan and Ford sues you, it can garnish your wages if it wins the lawsuit.If you default on a loan and Ford sues you, it can garnish your wages if it wins the lawsuit.
Can a person be sued for a personal loan if they are on disability?
Yes
Can you get a student loan if one of your parents is in default on their student loan?
Yes.
Are you in default of a car loan if the vehicle is not registered?
Registration of the vehicle has nothing to do with the loan or financing of the vehicle. The only was to "default" is to not make the payments.
What is Shall not be in default?
"Shall not be in default" is a phrase used in contracts and other formal agreements to delineate between simply being late to pay someone, and actually being in default to them. An example might be to say that rent is due on the first of the month, but the lessee shall not be in default until the fifteenth.
