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What happens to secured loans such as a car financed by a finance company, bank or other creditor?

April 26, 2017Bank car COMPANY Creditor Finance financed happens secured loans

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What happens to secured loans such as a car financed by a finance company, bank or other creditor?

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You will be able to keep the car or other property as long as you continue to make the monthly payments on time and sign a reaffirmation agreement; or you redeem the item by paying its value to the creditor.