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Here are a few common situations where someone may be responsible for your loan repayments: Someone cosigned ... student loans when the borrower dies death of the borrower: ... car loans has been ...
A car loan is a type of secured debt. The car is collateral for the loan. If your loan has a co-signer or co-borrower, they will be responsible for continuing to make payments on the loan.
If you're thinking about your own loved ones while you're still alive, you're ahead of the game. Learn more about what you can do to prepare.
Payment protection insurance (PPI), also known as credit insurance, credit protection insurance, or loan repayment insurance, is an insurance product that enables consumers to ensure repayment of credit if the borrower dies, becomes ill, disabled, loses a job, or faces other circumstances that may prevent them from earning income to service the debt.
Don't let high car insurance rates drain your bank account — find how you can pay as little as $29 a month Millions of Americans are in massive debt in the face of rising costs. Here's how to ...
However, in general, a car loan is considered a type of secured debt. That means that collateral—in this case, the car—has been secured against the loan’s total.
Don Robert Hankey (born June 13, 1943) is an American billionaire [1] and founder of the Hankey Group, which makes most of its income from car loans and the insurance industry. He has been called the "king of the subprime car loan ".
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