Sentences with phrase «outstanding loan for the car»
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If a friend or relative has co-signed on a debt for you — private student loans, for example, or a car loan or mortgage — they could be on the hook for the amount outstanding if you were to die.
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When an auto loan defaults, the lender or car dealer is usually able to seize or repossess the car to pay for the outstanding debt.
When an auto loan defaults, the lender or car dealer is usually able to seize or repossess the car to pay for the outstanding debt.
New - car loan terms of 61 — 72 months now account for 40.4 percent of the outstanding loans, while 73 - 84 month terms account for 32.5 percent.
Once your car has been repossessed the finance company will generally advertise it for auction to help recover the outstanding amount of the loan.
The loan you've co-signed for can show up on your credit report, just like any other debt you have... As a result, the loan you've co-signed for can increase the size of your outstanding debt — added to your mortgage, credit - card balances, car loan or student loans — when lenders are deciding whether to let you borrow more money.
Whether you are looking for a mortgage, payday loan, car loan or debt help... Washington's economy is outstanding.
For vehicle owners with an outstanding car loan, there will be no loan forgiveness with a totaled car.
However, if your car is sold for less than what you owe your lender, including the outstanding loan amount and any additional fees, then you will still be liable for the remaining balance.
The chart below illustrates just one example of how the RBC Homeline Plan ® might work for a Canadian homeowner with a mortgage, car loan, line of credit and outstanding credit card balances.
As a result, the loan you've co-signed for can increase the size of your outstanding debt — added to your mortgage, credit - card balances, car loan or student loans — when lenders are deciding whether to let you borrow more money.
If you are seeking protection to help pay for outstanding liabilities (i.e. loans, credit card debt, mortgages, car payments, etc...) or plan for the future family need of income or education at an affordable price, term life insurance makes for a great option.
For example, the average funeral can cost around $ 10,000, plus any medical bills that can occur at the end of someone's life, and also any outstanding debts they may have life mortgages, car payments, credit card bills, or student loans.
If you got a loan to pay for your car and have an accident, gap insurance pays the difference between the cash value of your car and the current outstanding balance on your loan or lease.
«Hence, in case of accidental death of any Home / Car loan borrower on or before July 1,2013, claims may be lodged for the outstanding amount in the loan account subject to the terms and conditions mentioned in Master Policy,» SBI said.
Many people that contact us are unaware that their surviving family will not only bear the burden of their final expenses and funeral costs, but will also beultimately responsible for any outstanding medical bills, credit card debt, mortgages, or car loans.
Those funds appear on the Balance Sheet along with any payments for loans, payments made to the owner / broker along with shareholder adjustments if the company is a limited corporation, car payments if the car is purchased, credit card balances and any other non-expense items such as outstanding taxes.