credit
Date: Fri, 11/12/2010 - 03:31
I live in Texas. I have taken out a loan back in 2009. The total loan amount is $78,000. I have paid only $50,000. I don't think I will be able to pay off the remaining balance. Whenever I am trying to apply for a new loan, the lenders are rejecting my applications. I am planning to move to Arizona. Will I be able to qualify for a loan there? Will my creditors still pursue me for the debts in that state?
Credit reports are national as are debts. If you fail to pay th
Credit reports are national as are debts. If you fail to pay the balance of your loan it will not only damage your credit they more than likely will sue you for the balance. What type of loan was this? Was it secured? Why are you applying for more loans when you havent paid the other one off? You are probably being rejected due to debt to income ratio.
