My father bought a car for my sister. Her husband tricked him into doing this. They never send the payments on time, and now my dad is on default. An amount of $683.66 must be paid by the 9th of August. So what does %26quot;being in default means%26quot;? Thanks a lot.
What does it mean when a person is in default on a car loan?
It means you have not followed the rules of the loan. Usually, because you haven't paid on time.
What does it mean when a person is in default on a car loan?
It means that you are in violation of the terms of the loan and that you need to pay the amount requested by the due date.
What does it mean when a person is in default on a car loan?
If you do not pay the amount owed by the due, you have a very good chance of having the car repossess, by the people you owe the money to.
What does it mean when a person is in default on a car loan?
It means they did pay on the loan, the car will be reposed soon and it will hurt you fathers credit rateing.....ACK!
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