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If you have already made an agreement with collection agency can you later renegotiate a lower payment amount due to income changes?
Wiki User
∙ 8y ago
You can try, however if they agree then this will change the date on your credit report. Meaning: It will stay on your credit report even longer.
Wiki User
∙ 8y ago
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What can you do if a house is purchased with a fixed rate loan and the mortgage is reassigned to another lender and that lender changes the loan to an ARM?
First of all, you signed an agreement with a fixed rate, and just because it was sold does not mean they have the right to change the mortgage agreement. If you signed a new mortgage agreement stating the new agreement then you are liable for that, but you can call your mortgage company and tell them you have a copy of the agreement you signed and, that you didn't agree to an arm. To sum it up, unless you re-signed a mortgage agreement, they DO NOT have the right to change anything just because they have baught your mortgage from your original mortgagor. Please do not let them run you over. Good luck.
What is the indulgence clause in loan agreement means?
This is typically found in Guarantees and other bank secueity documents. Such a clause means that should there by any variation of the loan (by the Bank extending credit faciltiites or renewing or confirming security documents) the agreement is still vlaid meaning that th Borrowe would still be entitled to repay the sum despite the variation in the agreement. The indulgence clause is important since without it, the agreement would be discharged as a result of the changes made in the terms.
If a debt is sold to another company for collection does it take another 7 years from the transfer of debt for it to come off your credit report in California?
The date of first delinquency should be the date that starts the clock for the 7 years. Meaning if you went 30 days late in April 2005, on a credit card, and then 60, 90 then 120, then the account would go to charge off status but the date of first delinquency would be April 2005. In CA, 4 years from the date of first delinquency is within the statute of limitations is in effect that a creditor or collection agency can sue you for the amount owed. This will vary from state to state, If the collection agency sells the collection to another collection company, the start date is the date of first delinquency, April 2005. If the collection agency changes the date, that is called re-aging and is illegal unless you set up new terms with collection agency
What is the definition of fixed interest rates?
An interest rate that remains constant throughout the agreed term. If changes in the goverment base rate occur where commercial rates rise or fall you wont be affected.
What do you think about loan modifications?
Loan modifications allow the bank to make loan payments more affordable for borrowers. They may change interest rates, loan terms, loan balances, or other parts of the loan agreement. Loan Modifications are changes to your loan agreement. Your payments get more affordable, and you don't have to default on your loan. Banks choose to offer loan modification programs because it is easier and cheaper to work with you than to go after you.
If a system is a collection of interacting parts what happens when one of the parts is changes?
The system changes
Can someone tell me the difference between supplemental responses to interrogatories and amended answers to interrogatories?
Supplemental adds to the questions already asked.Amended makes changes to the questions already asked.Supplemental adds to the questions already asked.Amended makes changes to the questions already asked.Supplemental adds to the questions already asked.Amended makes changes to the questions already asked.Supplemental adds to the questions already asked.Amended makes changes to the questions already asked.
What is the meaning of tenancy reforms?
it means changes in the agreement between landlord and tenant
What is a UCC3 agreement?
A UCC-3 agreement is a financial statement amendment that tracks changes. It tracks termination or transfers of financial information and the parties involved.
What is a collection of events that changes rock into different forms of rock?
The answer is the rock cycle.
If a is a collection of interacting parts what happens when one of the part is change?
The system changes
How where changes made in ancient Greece?
By revolution, transition, evolution, agreement, treachery and conquest.
How can a company like velocity express legally skim ten per cent off the top of each independent contractors' paycheck week after week?
As an independent contractor you work for yourself. You are free to contract with Velocity Express or any other company. How you structure that contract is between you and that company. If you feel something is unfair you should renegotiate or contract with someone else. It sounds like they asked you to sign a standard agreement but keep in mind you are free to ask for changes.
What are the benefits of stationary weather collection moving weather collection?
Stationary - I'd be able to tell the history of the data.Moving - They might be able to see how weather changes.
What are the benefits of stationary weather collection . moving weather collection?
Stationary - I'd be able to tell the history of the data.Moving - They might be able to see how weather changes.
How much is a Louis vuitton tie?
each year it changes depending on the collection of ties being made. right now in their current collection, all of them are $195.00.
What are the benefits of benefits of stationary weather collection moving weather collection?
Stationary - I'd be able to tell the history of the data.Moving - They might be able to see how weather changes.
