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If you volunteered a repo with a Credit Union then tried to close out your savings and they refused because of a deficiency is this legal?
Wiki User
∙ 8y ago
READ your contract. look for the term "CROSS-COLLATERALIZATION". Its more common with CU than regular lenders. IF it has that term, YES, its legal.
Wiki User
∙ 8y ago
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What is the difference between deficit and dissaving?
deficit is when you have spent more money than you make. dissaving is when you are deficit and use your savings to make up for the deficiency.
Does inflation rob you of your savings?
Yes and no. If your "savings" are not in a savings account, then technically yes. This is because your savings will slowly lose its purchasing power as inflation happens (emphasis on slowly, you will only "lose" 1-5% annually unless inflation spikes in a bad way). If your savings is in a savings account and is accruing interest, then no. This is because the interest will make up for the inflation.
Can they get your retirement pension or savings for a deficiency judgment in Calif?
In California, retirement pensions and savings are generally protected from creditors seeking a deficiency judgment. California law provides certain exemptions for retirement accounts, such as 401(k)s, IRAs, and pension plans, which can help shield those assets from creditors. However, it's important to consult with a legal professional to understand the specific rules and limitations that may apply in your situation.
Are savings and budget the same?
No. They are different because savings is saving money and budgeting is using your money wisely.
How did the savings and loan associations get their name?
because of loans
What is a reason not to use Abbey Savings?
A reason to not use Abbey Savings is because it seems to have a lot of bad reviews. Personally, I have never heard of Abbey savings, this is just from research.
Who should have high yield savings?
People with good credit should have high yield savings. This is because they are trustworthy with credit companies, and even with savings, they will pay the money back.
What is relationship between public and private savings?
As we know that National savings is a sum of public and private savings so national savings is fix for one year.Now come to the point there is inverse relationship between public and private savings because one increases then other decreases.
Why should a company open a business savings account?
A company open a business savings account because it makes transaction and payment much easier. You can read more at www.citibank.com/savings
Why is Daylight Savings important?
because it is you f#cking a##holes
Are there more fees in a checking account compared to a savings account?
Most checking accounts have no fees. Savings account has more fees than checking accounts because of the higher interest yields available in a savings account.
What is the high interest savings accounts?
High interest savings accounts are savings accounts that banks give you that let you earn lots of interest with benefits. They usually are the toughest to get because you need to deposit a certain amount of money.
