Filed Under Credit
2 Responses to “What happens to loans and credit cards after banks go bankrupt?”
Caffeinated Content
They will be sold to other banks or financial institutions. Yes, you will have to pay them back. If you don’t, the bank that purchases it can negatively report the information.
Yes they will just sell them to other banks. You will owe the money unless you go bankrupt.
Leave a Reply
Name (required)
Email Address(required)
Website
Caffeinated Content
They will be sold to other banks or financial institutions. Yes, you will have to pay them back. If you don’t, the bank that purchases it can negatively report the information.
Caffeinated Content
Yes they will just sell them to other banks. You will owe the money unless you go bankrupt.