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Old 01-12-2013
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Re: Financing

Quote:
Originally Posted by Minnewaska View Post
Not so fast. This appears to be the case, as most loans are paid current and are not a priority, nor do most banks reconfirm these things.

However, if you find yourself in a bind and can't pay, there is nothing more powerful for the collection department at the bank than a strong case of fraud. If they can demonstrate intent to defraud, it is criminal. Although, just a civil action on fraud is much stronger than simply trying to get a judgement on a note or repossess collateral.

Take out a disability wavier on the loan just in case
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