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Benefits of cosigning. Drawbacks of cosigning. You can help a loved one qualify for a loan. You assume full liability for payments and late fees if the main borrower falls behind or files bankruptcy
A car loan charge-off occurs when a lender moves an auto loan during accounting from the asset category to the liability category. Lenders charge off an auto loan when the borrower stops making ...
Getting a car loan without credit history is difficult, but you have options. I'm 31, make $97,000 a year and am completely debt-free while living with my parents — but I can't get approved for ...
Liability coverage kicks in when you’re responsible for an accident, covering: Property damage liability. This coverage is designed to pay, fix or replace other people's property you damage in ...
For example, in Arizona, the family purpose doctrine is applied very broadly and holds parents liable even for the negligence of a child driving a motor vehicle in defiance of driving restrictions placed upon him. [10] In Georgia, the 'family purpose' liability extends to third parties allowed by the teenage driver to operate the car.
People mis-sold finance agreements when buying cars could wait months for a decision on whether they should receive compensation. A decision by judges at the Court of Appeal has blown open an ...
Here are the details of each option for buying a used car that hasn’t been paid off: 1. Ask the Seller to Pay Off the Car Loan. One option to consider is asking the seller to pay off the amount ...
Typically, these laws obligate adult children (or depending on the state, other family members) to pay for their indigent parents’/relatives' food, clothing, shelter and medical needs. Should the children fail to provide adequately, they allow nursing homes and government agencies to bring legal action to recover the cost of caring for the ...