Want this question answered?
Yes, the lender can refuse payment if it is not enough to cure the entire past due amount.
If the payment is late or not in full, then yes. If the payment is on time and in full, then no.
NO
can a debt collector refuse payment after it is offered after being swiched from one company to another and not being 30 day notice
Yes. When a contract becomes defaulted, the lender does not have to accept payments or futher negotiate with the borrower unless they choose to. Most lenders will try to work with the borrower rather than resort to the expensive process of repossession or legal actions.
i am two months behind on my mortgage. can the lender refuse to take one payment?
Yes, the lender can refuse payment if it is not enough to cure the entire past due amount.
If the payment is late or not in full, then yes. If the payment is on time and in full, then no.
Brandon, yes, the lender can refuse payment. That usually means you have waited toooo long to get any help from the lender. As for the catching up the notes,that question should be answered by the LENDER. You neeed to talk to the lender NOW. Good Luck
NO
READ your contract. It likely has "right to accelerate balance due" clause. Just as you have the right to pay the loan off early, the lender retains the right to call it due early. This depends on several factors, your payment history,if you are in default, ect. So, YES, they could refuse.
No, if the payment is late...it's late and you have to pay the late fee regardless of how you pay the balance or principal.
The title is only released when the debt or loan is paid in full. If you want the lender to pick up the car, I'm guessing that you can't or don't want to make the payments. The lender can refuse to pick up the car, but, if the debt remains unpaid, they will probably have the car repossessed which will negatively affect your credit rating.
can a debt collector refuse payment after it is offered after being swiched from one company to another and not being 30 day notice
The coins are legal tender for debts public and private. It is not legal to refuse coins for payment for goods and services.
Yes. When a contract becomes defaulted, the lender does not have to accept payments or futher negotiate with the borrower unless they choose to. Most lenders will try to work with the borrower rather than resort to the expensive process of repossession or legal actions.
A seller may not refuse final payment in an attempt to repossess.