Could I be arrested if I don’t pay back my payday loan?
No, you cannot be arrested for defaulting on a payday loan. However, if you are sued or a court judgment has been entered against you and you ignore a court order to appear, a judge may issue a warrant for ...
Act quickly. If you delay or ignore the notice, you could lose your home to foreclosure. None There are several ways you may have fallen into default on your reverse mortgage loan. You were late or missed paying your property ...
Should I agree to co-sign someone else’s car loan?
If you co-sign a loan, you’re legally obligated to repay the loan if the primary borrower is unable to. A co-signer is someone – such as a parent, family member or a friend – who adds their information, including income ...
If I co-signed for a student loan and it has gone into default, what happens?
The student is the primary borrower with the responsibility to pay back the loan, but as a co-signer you have equal responsibility for repaying the loan if the student doesn’t. If the primary borrower defaults on the loan, it could ...
What happens if I default on a federal student loan?
If your loan holder is unable to obtain payment from you for 270 days, they will take steps to place the loan in default and attempt to collect on the loan. Default is the failure to repay a loan according ...
