Is it illegal to pay off a loan with another loan?
I don't understand this question. Could you please assist me in answering it?
Can you lose the asset if you fail to repay the loan?
I'm worried about the consequences of not being able to repay my loan. Specifically, I want to know if there's a risk of losing my asset, such as my home or car, if I default on the loan.
Which item Cannot be used as collateral for a loan?
I'm trying to figure out which item is not acceptable as collateral when applying for a loan. I need to know which asset cannot be used to secure a loan so I can make sure my application is handled correctly.
How soon after paying off a loan can I borrow again?
I recently paid off a loan and now I'm wondering how long it will take until I can borrow money again. I'm curious about the general time frame or if there are any specific factors that could affect my ability to get another loan soon.
What is the recovery fee for a loan?
I have a loan and I want to know what the recovery fee is. I'm not sure if it's a fixed amount or a percentage of the loan. Can someone explain this to me?