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A car loan is a type of secured debt. The car is collateral for the loan. ... What happens to an estate if a beneficiary dies before you do?A deceased person cannot inherit the assets in your estate.
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 ...
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.
If your loan co-signer dies, you’ll take on full responsibility for the loan. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways ...
AOL has processes in place to request the closure of the deceased user's account, to request the suspension of billing and premium services, and in certain circumstances to request content of the account.