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American General Finance Services

American General Finance ServicesI'm AIG $ 4.192 a subsidiary (American General Financial Services)?

For a personal loan account and retail financing for my furniture. How will I be affected?
Thank you.

Since you are the person who owes the $ 4,192 you will not be affected. You still owe the money, American General Financial Services, or who ever buys the stars. As the loans are sold to other financial institutions.

the only people who are affected right now are those who have investments, stocks, mutual funds (where some of the mutual fund AIG) since their stocks are down. just to give you an example, I bought stocks at Lehman 68.00, 3 years ago. They are now worth 15 cents. As you can see I lost a lot of money.

So the bottom line, you still owe money, and there will be no chane of interest you pay.

Since the Govt has given them the loan, you will not be affected. Even if they had gone bankrupt, it is likely that the loans were sold to other financial institutions such as Bank of America or HSBC. You'd probably still have the debt independently.

you'll be fine. The government bailed them. He begins to make loans that will now be the problem. While your money is insured under a certain amount ($ 100K for banks FDIC, etc.) then you'll be fine. Do not worry: D

Posted on February 25, 2010.
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