can a debt collector refuse payment after it is offered after being swiched from one company to another and not being 30 day notice
If you are not in breach of contract (ie haven't been late in the past), then the finance company has no right to demand early payment unless the contract states this as a provision. If you *are* in breach, or have been in the past, then the finance company has some leeway -- a bit of "you violated, so we violate right back."
can a finance company reposses your vehicle if you made your payment on the15 day
The bank can refuse a payment if it is not enough to pay the past due amount. In this case, you may need to contact your bank about payment options.
Generally a month. Sometimes if you ask your bank or finance company to defer the first payment for an additional month they will.
Only if someone stole it from the owner. Otherwise the car is just repossesed by the finance company.
My company doe's home improvements.Need a finance company to finance
No, They would have to be behind on the car payment The above is not always the case. It can depend on what the car was impounded for. If it was impounded for something like drugs where asset forfeiture comes into play then yes the finance company can take the car regardless of payment status. The reason for this is because there are times when the authorities will tell the finance company that if the vehicle is returned to the registered owner the finance company will lose their rights to it as well. The finance company does not have to hand their collateral back to you if it means loss of collateral, it is their car after all.
The car dealer is not required to collect a down payment. The finance company is the one who usually asks for it. If they desire a down payment, they will contact you to get it.
If they take the money then yes however they have the right to refuse the payment since you are in violation of the loan agreement.
If the charge has not gone through yet, call your bank and tell them to deny payment. If the charge has gone through call the finance company and see who authorized the debit, if it is a standing authorization tell them to remove it / send them a letter doing so, and contact your bank and inform them to refuse future direct debits.
That's ridiculous. This must be an unrepeatable company or you were taken advantage of. Hopefully, you paid in traceable funds (check or money order). More than likely you had some kind of scrape on your credit or there was a mix up at the dealership, but without a correct loan number they should not of taken your payment. That's very fishy, because of the fact they aren't going to take you money if they haven't even funded the deal yet.
NO, you owed it, you sent it in and its gone now. sorri
The address should be on your statement. It is different for every bank or finance company.
Unfortunately, yes they can repossess your car. They have the right to take it at any point that you do not make a full payment on or before the indicated pay day. The only exception is if you have a written agreement that states you have a grace period. Otherwise there is nothing you can do about it except pay in full on time every time.
The question is, "Why would you worry about a missed payment when you have interest in the vehicle?" The money that you used as your down payment and any payments you have made total your interest in the vehicle. Why are people running from the repo man when in fact you can place the finance company on notice that, if your interest is repossessed, you will file criminal charges in federal court against the finance company and get triple what the car is worth. I guarantee you they won't take it. You can also put a mechanics lien on the vehicle to protect your interest in it.
You will have to speak with your finance company to determine when they will repossess your car. Each company has different rules and requirements and in most cases if you contact them about the missed payment they may be able to make payment arrangements with you.
yes, anyone can refuse A check
In most cases immediatly upon default (non-payment) Read your finance contract, there should be a due on demand clause. Hope this helps.
Yes they can add coverage to protect the finance company. It is usually more expensive than having insurance from an agent.
Yes accounts payable is non-formal kind of source of finance because every company allows time for payment of accounts payable and due to that reasons it is source of finance for that time period.
AS long as the loan is in good standing, the finance company can not recind a loan..I do believe you are using the wrong word (recind)..If the loan is past due, the company can demand payment in full..The death of a co-borrower has no effect.
Home Finance Company was created in 1990.