0
Can the bank hold onto a payment they received the day they repossessed the car and refused to reinstate the loan?
Wiki User
∙ 8y ago
YES, they can and DO. Read your contract about the re-instating part. Was this your 2nd repo?
Wiki User
∙ 8y ago
Add your answer:
Earn +20 pts
Can your payment for a loan be refused?
If You Have Had Your Loan Turned Over To A Collection Agency Then Your Payment Will Have To Be Paid To The Agency. Until An Agreement Is Reached By Both Parties. Or The Loan Is Paid Off. If This Has Not Happened, Set Down And Read Your Loan Contract. Then If In Doubt, Take This To Your County Attorney.
What if collection agency won't accept payment that amount to 25 percent per month of the full debt?
By federal law and most collection agencies' policies, partial payments are not manditorily accpeted. Collection agencies are not required by law to accept anything less than payment in full. If the agency has refused 25% monthly of the full amount to be paid in full in four months, I reommend sending the payment with an explanation of this to the original creditor. Chances are your payment and arrangements will be accepted.
Have you ever been refused an employment bond?
No, I have never been refused any kind of bond.
Do you still owe a debt if the creditor refuses to accept payment for the full amount owed?
First, presuming there is an early prepayment clause that allows one to pay the total for the total balance, and not one that requires the payments to be made for the entire term of the contract. (Many loans require they be paid all the way through, effectively assuring the lender of the expected interest rate/return he wanted for the entire term of the investment). While I would think that absent something (and it better be in writting) that the payment is being refused because the lender forgives it, until it is paid -- it is owed. But there must be more here...lender/creditors generally have no motivation to refuse payment (unless part of the no early payment arrangement)...very much the opposite! --------------------------------------------------------------------------------------- Added by Danika37075 This is the full story. I took a quick loan out with a check in the Nashville, TN area. This had been going on for a little while, each week trying to get the amount reduced by paying a little extra. A couple of months ago, I was in the hospital and didn't pay the loan. I received a letter stating that I had until the 25th to pay the entire "loan" off. On the 25th I called to make sure that they were opened and the manager was there. When I told her that I had all the money and was about to come in and pay the entire check off, I was told it was too late. That she had already sent it to their lawyers and refused to accept my money. When I said that the letter stated I had until that day to pay it, she had forgotten which date she put and apologized, but still said it was too late. Now they are taking me to court for the money plus court cost. I thought that if you tried to pay a debt and they refused your money, that you then didn't owe the money. Am I wrong? What recourse do I have now? Thanks Danika
Where could you secure a loan in the Denver area for a hot tub when your bank has refused you already?
Without getting a loan, you can discuss with the seller of the hot tub if there is a layaway or payment plan you could take part in. If not, other banks in the area may be open to new customers with a better opportunity to secure the loan you desire.
Why is your fedEx package saying refused by recipient when you didn't get it?
Could be that there was nobody to sign for the package or a neighbor refused to sign for you. Another option is that the package was a C.O.D. and payment was not received.
You are 26 with a family of your own your mom who you do not live with received a large back child support payment from your dad last month and refused to give you a penny Can she legally do this?
yes
Did the kingdom of kush refuse to make payment to the pharaohs?
Yes, they refused to accept the pharaohs power and also refused to make the payments to them.
What happens if a car payment is refused and you are not late or delinquent?
WHY was it refused? Not accepting it wil make you delinquient. You need to reach an understanding with the LENDER.
Did hoover get paid for being president?
He would have, but he did not need the money and so refused payment.
It's been two years that no truck payment has been made and you told the lender to repossess it. They refuse unless you sign a release and you refused to. Why hasn't the truck been repossessed?
The answer is in your question. The lender has asked you to sign a release and you refused. That is likely the least costly way for the lender to take possession of the property that it helped you pay for. You probably agreed to that procedure when you signed the contract for the loan. The lender loaned you money when you asked for it, you failed to pay the money back and you have refused to cooperate in their taking possession of the vehicle. This matter will appear on your credit record.
What president took only 1 for payment?
Hoover and Kennedy both refused their salaries as president.
Is it legal to refuse cash as payment in America?
Depends. If the cash payment is the payment of debt, then the payment cannot be refused, as long as the money is still legal tender. Cents stop being legal tender after a certain amount, which is why you cannot try to pay a debt using 10,000 cents for example, this can be legally refused. If it's payment in a shop, a shop has the right to refuse service to anyone as long as it is not for a racial, age, gender related reason. They do not 'have' to accept any offer of payment, nor are they disallowed from accepting payment in other forms.
Can a legally written check be refused by the person it is written to for a valid fee?
Yes. A check is not legal tender and so can be refused fo any reason, or no reason, as a form of payment.
What are the ratings and certificates for Entourage - 2004 An Offer Refused 2-4?
Entourage - 2004 An Offer Refused 2-4 is rated/received certificates of: Netherlands:AL
Is Spirit Autographs an honest dealer?
NO! Spent $300 on autographs that I never received. They refused to respond!!
Can you get your medication from a repod vehicle?
Yes, you are allowed to remove your personnel property from any vehicle that has been repossessed. Take proof of ownership to the lot where the vehicle is stored and ask for your property. If they refused call the lender.
