Does the money received from an auction of the car go towards the debt owed even if you received a refund from it also?
IF you got the "surplus" refund, it should have been payed off. You must have had a lot of equity(down payment) in the car to get a refund.
26 people found this useful
If your car was repossessed a few months ago and you owe 12K on it can they take any money from an accident settlement you are due to receive?
Only if they know you are getting it and have a judgment against you.
If you owe money on a car still and it gets repoe'd does the amount at auction get deducted from your debt or what?
Answer . The car is either sold privately or at a closed auction.Then that the amount\nthe bank receives from the sale(the car is usually sold below market\nsometimes way b…elow)is used to pay not just your loan but also any fees the\nlender incured to repo and sell the car.If you still owe a balance they\nwill come after you for that.
If a creditor is taking your car to be sold as payment and you still owe money on the car what happens once it is sold at auction does part of the money go towards repaying the loan on the car?
Answer . \nYes. all of it should go toward repaying the loan. That is why they reposessed it...because of the delinquent loan.
Cusstomer complaint about receiving a refund that is owed to you and you are getting nowhere with the store that owes you your money The store is Macy's Optical and they still owe me 643.98?
Answer . How to get my money back.
You won't receive it. It will be forwarded to Dept of education
My children are going to receive social security benefit back pay i owe arrears for child support will the money go toward my arrears for childsupport?
Any back pay money you receive from Social Security will go towards your child support arrears. Although I don't know if they will take as much as they need or just a percenta…ge.. thanks for the answer. but i am not receiving back pay only my children will the back pay money that my ex- wife receive for the kids go toward my arrears
Will you receive the money if your car is totaled out by the insurance company and you still owe payments?
Seeing that there is a "Lein Holder" (the financing company that you went through) on the registration, whatever is owed on the vehicle will be paid off first and if there is …any funds left (which I doubt there would be as most cars that are financed are "Upside down" in their loan - meaning that you owe more on the car than it is worth) I know it sucks! I went thru this many years ago, but I was lucky or the finance manager felt sorry for me. I had the car 1 month and it caught on fire while my husband was driving it. It took them forever to handle the claim. First they denied the claim stating that he was "driving it" when it caught on fire and he wasn't on the policy. Well, first of all the car didn't catch on fire till after he had parked it and went up the street to call me from the payphone (this was way before cell phones were thought about. So I had to get a letter from the fire dept. stating that the car was legally parked, doors locked etc. Then they finally sent an adjuster out to look at it (mind you it took them 4 months from the day it caught on fire till they got an adjuster out there. He opened the car door, looked like he was going to puke and checked off "TOTALLED" on the paperwork (because it was sitting soooo long with all that water that the fire dept. had poured inside there was mold and mildew all over. So anyway, the finance company took what the insurance company paid as payment in full as I hadn't even made my first payment on it.. Hope this helps!
Yes, of course.. So could any creditor.. Where your money/asset comes from makes no difference. You essentially spent or committed it to the one you owe when you incurred th…e debt and made the promise/obligation to pay.
It all depends on how you file. If you file the standard "mail-in" way, expect a refund in 4-6 weeks. If you do them online or with a tax professional, the wait time is …usually two weeks. Some tax professionals can file what is known as a "Refund Anticipation Loan", or RAL for short. For a fee, you can get your tax refund the next day, sometimes within hours. Be noted, however, that these are actual bank loans on your tax refund and not an actual refund itself.
A donation to an individual is considered a gift. If you received it as cash and did not give the other person a receipt, don't worry about it if it wasn't a lot of money.
Varies school to school and varies on how much financial aid you are receiving and where its coming from. Shouldn't take no longer than week 5 of class.
No. The debt is simply discharged so you don't owe it.
That is correct. If someone owes me money, then that is money that I am going to receive, if the loan is paid, hence that account can be classified as accounts receivable. If …there is money that I owe, which I therefore intend to pay, then that is classified as accounts payable.
In Tax Refunds
If you files jointly for that year I think they can hit you both until paid
I would like to know how much money I owe for my LEINCE
If you get a refund check from a university does not mean you owethe university money. This means that the university owes you moneyand this is what the check is given to you …for.