Fred asked in Business & FinanceCredit · 2 months ago

do i have to pay back a bank loan because of the cv-19?

8 Answers

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  • Kim R
    Lv 7
    2 months ago

    No, you have to pay back a loan because it is a LOAN, not a GIFT; it has nothing to do with cv-19 or anything else. If you ever have a problem understanding the difference between a loan and a gift, reverse it so that if YOU were the one loaning the money to someone else, would you want that money to be paid back to you eventually? There is your answer.

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  • 2 months ago

    Of course.  You can contact them and perhaps get a few payments deferred, but you will still owe them.

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  • 2 months ago

    You always have to pay back your loan, yes. DO you get any relief on payment schedule? You would have to ask the lender.

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  • A
    Lv 7
    2 months ago

    Yes, loans are not forgiven but you can contact the bank and ask for deferment

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  • Anonymous
    2 months ago

    What does the bank say?

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  • Webbo
    Lv 7
    2 months ago

    Yes all loans have to be paid back.

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  • Anonymous
    2 months ago

    No. All loans are forgiven forever. No matter what. And you can borrow more and never pay it back either.

    Goddamn idiot.

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  • Judy
    Lv 7
    2 months ago

    of course you do

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