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| Author: |
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Ray |
| Date: |
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June 30, 2003 |
| Question: |
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I have a car loan and a holiday trailer loan that I can't afford to make the payments on anymore as I have lost my job. Do banks take back the property and cancel the loan? I know that this will hurt my credit rating, but not as bad a bankruptcy. I was wondering if this was an option. Thank you
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From: |
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Ann Clarke, Alger & Associates Inc. |
| Date: |
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June 30, 2003 |
| Answer: |
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Every bank has a different set of policies. I'd suggest you contact your bank directly.
Ann Clarke
phone: (403) 296-2972
aclarke@moneyhelp.ca
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