Can you go to jail if you do not give back your car if your payments are late?
No, and in most states it is illegal for a creditor to threaten jail time, Triad Financial in Huntington Beach Calif, is currently battleing numerous lawsuits about that very thing.
You are current on your child support but have made the last few payments late and now have to go to court can you be sentenced to jail time?
In South Carolina you are current on the amount owed for child support but you were late in making the payment can a judge still order jail time in court?
Moving and hiding property that you have never paid for is theft - in this case, Grand Theft Auto!! The car is not yours - it is the property of the loan lender (they are listed as the legal owner on the registration) - The buyer in this case has violated a written contract by defaulting on agreed upon payments, and the lender has every right to take whatever recourse is necessary to recover THEIR…
Perhaps if they bought it after you defaulted or had a history of late or missed payments. Perhaps if they bought it after you defaulted or had a history of late or missed payments. Perhaps if they bought it after you defaulted or had a history of late or missed payments. Perhaps if they bought it after you defaulted or had a history of late or missed payments.
Generally, late payments over 30 days late are reported to a credit reporting agency. After that, late mortgage payments can become "missed" mortgage payments. And missed payments can affect your credit score in a negative way. However, your exact late payment will depend on how your specific mortgage lender reports payments to the credit bureaus.
They can, but they don't have to. They usually will if you have had a good payment history with them in the past. If you have been late a lot, you can try to negotiate to pay off the debt to remove the late payments. You can also try and dispute the late payments to the credit bureaus. If they don't verify it with in 30 to 45 days, the late payments must be removed.
Yes, you can get your car back but you only have ten days to do so before the car goes to auction, in order to get your car back you must bring the full amount of payments you are behind to the repossessing company. The lender can deny you the car back also, depending on how many times you made late payments.
If you fail to pay credit card payments on time how long will the missed payments be reported on your credit report?
When you sign over your car title, it is like getting a payday loan. You will have high interest and a short time to pay it back. They will give you more time to pay back the loan, because they have your car title and can repose it if you are late on your payments. Be very careful when using predatory lending.
Yes, you can increase your credit score by removing late payments from your credit report. You can either contact the creditor that placed the late payments and ask on good faith to have them removed. Some creditors will remove them if it is a one time occurrence, but most won't. You can also dispute the late payments to the credit bureaus. Depending on how old the are and how severe, they can come off your…
Yes, late payments on mortgages can be reported. The chapter 7 discharges all unsecured debts, except for student loans, child support and certain taxes, and any balance due on secured debt after the collateral has been surrendered and sold. If you reaffirmed the mortgage and failed to make payments during or after the chapter 7, that can be reported. Late payments can also be reported. Many states prevent penalties for late payments if the payment…
If you always make your payments but are usually late each month will they repo your car because of your history even if payments have been made?
What is the highest interest a homeowners association can charge for late payments in the state of Georgia?
Your governing documents, specifically your Collections Resolution, states specifically how late payments are penalized. If no answer is available in your governing documents, you may rely on your state's Usury Laws, if any exist. Bottom line is this: penalties for late payments must be 'reasonable'.
Yes late payments can come off your credit report. They can be removed by either the original creditor that put it on there or by the credit bureaus. You can dispute late payments on your credit report with the credit bureaus using the Fair Credit Reporting Act. The FCRA requires the credit bureaus to contact the creditors to verify the late payment. If the late payment isn't verified it must be removed.
You you're late on mortgage payments we remodified our loan with the same bank all late charges and fees we're waived can you have the late payment's remove from your credit?
The bank and the credit bureaus are the only ones that could remove the late payments. If the bank waived the late payments, they will probably remove them from your credit as well. You will need to contact them to negotiate that. Otherwise you will have to dispute them to the credit bureaus. They will have 30 days to verify them or they must be removed.
I've been 30 days late on my payment several times then when you I was 10 days late the Credit Union repossessed me car if they allow the late payments doesn't that create a new contract?
No. That is ridiculous. you are talking about a credit union, which like a bank, will never turn you're payment away, even if its late. the contract, no doubt, states that you have a grace period for payments, that grace period ends on your monthly due date for payments. it also probably states the you would make the payments on time. and you are always allowed to make payments whenever you feel like it, but…
Yes, but a BK will only, at most, delay a repossession. A chpt. 7 isn't really a way to pay back arrears and its possible the creditor can get a relief from stay. Moreover, its not advisable to file a chpt. 7 merely over late car payments, as you will be prevented from filing another chpt. 7 for a few years.
The owner of a land contract has collected late fees as well as the couple delinquent payments so can he evict the tenant that has an option to buy?
Can a mortgage company continue to report your debt as late after the bankruptcy is confirmed and you have continued to make monthly payments on time?
Payments in the last 12 months are reported on your credit report. The BK 7 and the previously late payments will continue to show on your credit report, but eventually your ontime payments will be the ones showing. You may be able to get a statement that the house was redeemed in the bankrupcy, but all late notices for the past 12 months and/or a notice of foreclosure will remain.
Answer Late payments can only be removed by the creditor who placed them on there or the credit bureau reporting them. You can contact the creditor and based on goodwill or negotiated a payment, they will sometimes remove the late payments. You can ask for verification from the credit bureaus on them and if they aren't verified with in 30 days, they must be removed from your credit report.
If you have been late on payments several times but never sixty days past due can car be repossessed?
You would have to read the contract to see if someone can "legally" repossess it. But ultimately, there is someone, somewhere who makes a decision. This person can continuously let is slide, or they can just get fed up one day and take, or have someone take your car. They also know that if you cannot afford payments then you will definitely not be able to afford back payments, penalty payments, and current payments all…