What is the balance on a loan?

already exists.

Would you like to merge this question into it?

already exists as an alternate of this question.

Would you like to make it the primary and merge this question into it?

exists and is an alternate of .

The balance means the amount of money that you still owe on the loan.
6 people found this useful

Are you responsible for loan balances after repossession?

In MOST cases, you are responsible for the BALANCE DUE. Read the contract you signed to find out more on it. It is NOT something you want to forget about. lenders do get judgm

How do you sell a car that has a large balance on the loan?

Answer . Just as you normally would, the only problem will be that you will owe more money then you will get. To prevent this from happening, research cars before you buy

What is a disbursed loan balance?

Disbursed Loan Amount . When you get a loan, sometimes the entire amount of the loan is not given out (disbursed) immediately. For instance, suppose the loan is a home equ

Do you have to pay the balance of your car loan after it is repossessed?

\n. \n Answer \n. \n. \nyes you do so the bank or dealer wont report it to creditors.\n. \n. \n More Opinions \n. \nWhen a vehicle is repossessed it must be leg

Proportion of loan balances to loan amounts is too high?

This specific reason does not necessarily means something negative on your credit report. For instance, you can have an active but not fully paid loan on your account. Even if

Is the loan balance collected from the servicer in a foreclosure?

In a foreclosure the proceeds from the sale go to the servicer, who in turn remits those funds (minus any costs and fees owed to the servicer and its affiliates) to the invest
In Loans

How do you sell motorhome with a loan balance?

You must pay the loan balance out of the proceeds at the time of the sale. You must pay the loan balance out of the proceeds at the time of the sale. You must pay the loan b