Do
you think if the loan defaults, the bank is going to take everything, and all of a sudden there's going to be a Star Citizen «game» left untouched, and CIG / F42 can just carry on developing that game, having stiffed the bank, like it's perfectly OK?
Not exact matches
The broker has total control over the collateral for the
loan, including the ability to step in and force you to sell stock
if it
thinks you're in danger of
defaulting on its
loan.
Think about it —
if you invest in only 4 different
loans and one borrower
defaults, you've likely suffered a huge loss.
If you student
loans are not in good standing (meaning delinquent or
default) and ask them which option do THEY
think is best for your finances AND your credit.
If you
think that charged - off credit card, auto
loan or medical bill you
defaulted on a few years back was ancient history,
think again!
The broker has total control over the collateral for the
loan, including the ability to step in and force you to sell stock
if it
thinks you're in danger of
defaulting on its
loan.
If your student
loan is already in
default, you may be
thinking on how to quickly get it out of the
default status so that you can continue with the repayment.
Defaulting on the
loan may incur even more fees, so also be sure to calculate the costs before applying
if you
think you might have trouble with repayment.
If I were issuing the
loan I
think I'd want me to
default.
Walk away:
If you don't
think your home's value will ever come back, you can walk away from your home by no longer making monthly payments and
defaulting on the
loan — called a strategic
default.