Can I maintain a bank loan for a vehicle that is destroyed w/ no insurance? February 13, 2010
Posted by Banking in : Personal Finance , add a comment
Horribly enough, my husband attempted suicide in his truck and the truck burned up and he received horrible burns in the process. If that isn’t enough to deal w/ the police said that if we file an insurance claim for the 1.5 y/o truck that they will prosecute him for arson and insurance fraud. So, I have a loan for 3.5 more years. If we maintain possession of the truck and continue to insure it, can the bank call in the loan if they find out? I changed the insurance to storage insurance only which is legal. I don’t know if I should come clean w/ the bank and try to get them to refinance it as a signature loan, or if I should just keep quiet. I don’t have the $24,000 that is owed on it, and don’t have that much equity in my home. I have 2 kids, and can not lose my house. Does anybody have any knowledge on where I stand w/ the bank? We have a very good relationship w/ our bank and we hate to lose it and not have them help us in the future. So don’t want to screw them over.Submited by:Trouble
How can the Federal Reserve influence banks’ willingness to expand or contract the money supply? February 13, 2010
Posted by Banking in : Economics , 3commentsAmy B asked:
Explain the role of banks in determining the money supply in the United States. How can the Federal Reserve influence banks’ willingness to expand or contract the money supply?
Can you sue a bank for harassment and freezing your bank account? February 13, 2010
Posted by Banking in : Law & Ethics , 5comments
brenda e asked:
Can you sue a bank for harassment and freezing your bank account? I have been banking with this bank for 20 years now. And I owe them nothing. I am in some legal trouble with another bank that has nothing to do with them. Does anyone have any advice? I don’t see how they can freeze my account when I owe them nothing.
Can you sue a bank for harassment and freezing your bank account? I have been banking with this bank for 20 years now. And I owe them nothing. I am in some legal trouble with another bank that has nothing to do with them. Does anyone have any advice? I don’t see how they can freeze my account when I owe them nothing.
How many credit cards should a person have? February 13, 2010
Posted by Banking in : Credit , 11commentsKat asked:
I know having too many is not good for a person’s credit score and looks bad to those checking this credit. But not having any credit (such as cards) is not good either. So is it best to have more than one card?