Sentences with phrase «original car loan»
Lenders offer to repay the balance on the owner's original car loan and replace it with a new loan for more money.
https://www.debt.org/ Not exact matches
Installment debt utilization ratio — compares the current amount owed to the original principal amount of installment contracts (mortgages, car notes, student loans, etc.).
Additionally, the car had an original value of $ 30,000, 20 % depreciation per year, a $ 1,000 comprehensive and collision insurance deductible and a five year loan with a 4.21 % APR..
For each item included in the «Notes Payable to Banks and Others» line of the Liabilities section — credit card debt, personal loans and lines of credit, cash advances, student loans, car loans, payday loans, etc. — enter the name and address of the creditor, lender, or noteholder, as well as the original balance — $ 0 for credit cards — current balance, payment amount — you can enter «varies» for credit cards — payment frequency, and if applicable, how the loan is secured (i.e., what is being used as collateral).
Other components include how many of your accounts have balances, the specific balances on certain accounts, and how much you owe on loan accounts (such as mortgages and car loans) relative to the original balances.
When reaffirming your auto loan, the bankruptcy court is allowing you to exclude this debt from the bankruptcy, meaning you can keep the car and continue to pay under the original or newly negotiated terms.
Your refinancing is not final until it is final, so you still owe your original lender payments until your original loan is paid off, and you are set up with your new car loan.
In other words, the car depreciated in value faster than the original auto loan was paid off before the trade - in.
If you still owed money on your original auto title loan, your lender, in this case LoanMart, you will expect you to keep making payments on the loan even if the car was totaled.
If you bought the car with a co-signer, refinancing would allow you to remove them from the original loan and the title.
My original plan was to take out a new loan for the full value (loan plus other person's share), and «buy» the car as if I were buying it from a private seller.
I didn't hit this number at the original debt started 3 years ago, which was $ 264,915 or if I would've added onto it with the car loan making that total debt $ 286k.
When we do a title loan on a financed car or refinance your title loan from a competitor, we pay your debt, so that the original loan is paid, and the lender releases their lien on your car's title.
Additionally, the car had an original value of $ 30,000, 20 % depreciation per year, a $ 1,000 comprehensive and collision insurance deductible and a five year loan with a 4.21 % APR..