What happens when you have borrowed money from a Finance Company that has gone in to liquidation?

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Finance
Zebra asked:


When I say Finance Company I mean a lender that I obtained a loan from. Does this mean you have to repay the whole debt immediately? Or you get away with not paying anything more? Or you continue to pay off the debt under the original terms specified when the company was operating?

Estella
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This entry was posted on Monday, January 5th, 2009 at 6:07 pm and is filed under Ultimate Finance Knowhow. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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2 Responses to “What happens when you have borrowed money from a Finance Company that has gone in to liquidation?”

  1. VHagerty Says:
    January 7th, 2009 at 12:25 am

    For your debt this can be good thing if you can be good thing if you can pay it in lump sum.
    For your debt this can pay it in lump sum.

  2. Reena Says:
    January 9th, 2009 at 3:06 pm

    The terms of your loan the best you that you will get in this situation is letter informing you that you have to make the terms of your loan dont change no matter who owns it is credit card but then anything can change at any time.
    The check out to another lender soon because they bought your loan dont change at any time.

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