Ask Experts Questions for FREE Help !
Ask
    gweirp1's Avatar
    gweirp1 Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Aug 13, 2008, 05:30 PM
    What does it mean when your loan is Terminated?
    What does it mean when your Credit Union tells you that your loan is Terminated?
    progunr's Avatar
    progunr Posts: 1,971, Reputation: 288
    Ultra Member
    		  
    #2

    Aug 13, 2008, 05:37 PM
    Normally, this term is used for a lease, and not a loan.

    I would suspect it means that the re-payment terms have been terminated, and they are requiring the balance be paid in full, prior to some type of legal action.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

What does it mean when an approved loan is Terminated? [ 1 Answers ]

If a consumer has been approved for a Signature and a Secured Loan several months ago, and you receive a letter from the Lender that states your loan is Terminated, what does that mean?

Getting Probation Terminated? [ 1 Answers ]

Is there any possible way for me to get my Probation for a DUI terminated? I live in Indianapolis. Any advice will help.

Terminated at 59 years of age [ 4 Answers ]

I own 40% of a small company in Kansas. I was fired with no warning and no severance with "for the good of the company" as his reason. I was with the company for 34 years and held the vice presidency for 25 years without a single infraction or wrong doing. The president brought in his son to...

I believe I was wrongfully terminated [ 2 Answers ]

I worked for this company for 4 months and I was never written up or verbally warned until one day I was told that she didn't believe I was capable of doing my job and that I didn't want to be there. I was never told that I was let go or fired, I just asked if I am finishing out my schedule the...

Got wrongfully terminated can I do anything? [ 7 Answers ]

I had been working at a company almost a year, after seven months I was promoted one week after that my immediate supervisor was terminated. They never replaced my boss (they were "trying") so I was all alone with no one to train me I literately had to learn on my own, I worked at a high end car...

View more questions Search