kindblover
3 Answers
Chiangmai
Besides not make prompt payments, the way you can default is is move away from your state without notifying the bank, not properly maintaining the car, and using the car for illegal purposes. I am sure your auto loan company has a clause that's similar to home loans that allows the lender to accelerate the loan, making it due and payable immediately if they feel they have to protect their assets. In reality, they pretty much leave you alone if you make your monthly payments.
| 14 years ago. Rating: 3 | |
Darci13
ed shank
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