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Don't Buy a Car at a Dealership on This Day of the Week Grant Cardone: Here's How Wealthy People Invest Their Money for Retirement 3 Ways to Recession Proof Your Retirement
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.
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.
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.
A DMV may require an SR-22 from a driver to reinstate his or her driving privileges following an uninsured car accident or conviction of another traffic-related offense, such as a DUI. [5] [6] An SR-22 may be required for three years for conviction of driving without insurance or driving with a suspended license and up to five years for a DUI. [7]
When a loved one dies, getting their finances in order is likely the last thing on your mind. However, it's an important step to take to ensure that the deceased's last wishes are followed and that...