0
Can someone refuse payments made by monthly checks by allowing the checks to void out after 90 days and then claim you still owe them the payments in a lump sum?
Wiki User
∙ 8y ago
That is a highly unusual tactic.Unless you were notified in advance that they would only accept a lump sum payment.You need to check the consumer laws of your state.They probably, however can do it.If they take any legal action against you they may find themselves explaining their actions to a judge or trustee.Knowing your rights and standing up for them is your best defense.
Unfortunately, yes. But hopefully, it's not common. My best friend owed an animal vet $900 when her cat died in his care. When she, a single mom, tried to make payments, he refused them and didn't cash the checks because he wanted one payment in full. They ended up in court. The judge took my friends side. He totally criticized the Vet and told him he should rethink his collection policies. Legal, yes, but not a good idea.
Wiki User
∙ 8y ago
Add your answer:
Earn +20 pts
What are consumer credit checks used for?
Consumer credit checks are used when a person is applying for a product in store. These usually consist of low level credit checks to ensure a person is eligible for their product, and weekly or monthly payments.
Are you responsible for car payments if the loan is in your parent's name?
Did your parents get loan and the car for you with the intention of you paying the payments? Then yes, you are responsible. Use this opportunity to help get some credit in your name. Pay the payments by checks on time, and when you need some credit you can show the cancelled checks or your bank statements with the same payment amount being taken out of the account monthly. A lender will take that in consideration. No. You're not responsible for the payments. If you don't pay, then you are a car thief. They can report the car stolen, and you go to jail, and they get their car back.
The largest dollar volume of payments today are made using what?
paper checks
What is Megabyte money?
Megabytes money is a medium of exchange , frequently replacing currency and checks as a system of payments .
Can a promissory note be cancelled verbally?
No. Any change must be executed in writing. The debtor should always make payments so as to have proof of their payments such as cancelled checks.No. Any change must be executed in writing. The debtor should always make payments so as to have proof of their payments such as cancelled checks.No. Any change must be executed in writing. The debtor should always make payments so as to have proof of their payments such as cancelled checks.No. Any change must be executed in writing. The debtor should always make payments so as to have proof of their payments such as cancelled checks.
What are consumer credit checks used for?
Consumer credit checks are used when a person is applying for a product in store. These usually consist of low level credit checks to ensure a person is eligible for their product, and weekly or monthly payments.
What does it mean to get a lump sum payout?
To get a lump sum payout typically involves foregoing monthly installment payments in lieu of a one time lump sum. Many people who win the lottery prefer to have a lump sum taken instead of monthly checks. Although it should be noted the lump sum is less money than if you were to add up all monthly payments, in the long run.
Is social security considered retirement?
Your question is confusing. Are you asking about receiving monthly Social Security checks? Or are you asking about Social Security Disability payments. They are two different types of Social Security Benefits.
Are you responsible for car payments if the loan is in your parent's name?
Did your parents get loan and the car for you with the intention of you paying the payments? Then yes, you are responsible. Use this opportunity to help get some credit in your name. Pay the payments by checks on time, and when you need some credit you can show the cancelled checks or your bank statements with the same payment amount being taken out of the account monthly. A lender will take that in consideration. No. You're not responsible for the payments. If you don't pay, then you are a car thief. They can report the car stolen, and you go to jail, and they get their car back.
What are issued stimulus checks called?
Economic stimulus payments.
Are veterans benefits paid in advance or arrears?
Arrears
Who does accept starter checks?
Most your creditors will accept them if mailed as payments.
How many semi monthly pay checks in 1 year?
24
Repayment of disability social security payments to insurance company?
To begin with I too have Long Term Disability insurance payments and SSDI payments. My policy was specific as to what would happen when SSDI kicked in. My monthly payment would be reduced by the amount of SSDI. In addition I was required to submit any "lump sum checks" issued by the Social Security Administration while my claim was being processed. Now I understand most policies work this way but until you get a copy of your policy and review it, it will be difficult to give a complete accurate answer. Hope this helps.
The largest dollar volume of payments today are made using what?
paper checks
What is services the fed performs for the treasury department?
It processes payments, such as Social Security checks.
Can you use a dependents social security retirement payments as child support payments?
If the checks are coming to you, the money is yours to spend on the child's up keep.
