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Absolutely, if everyone involved agrees to the payment plan. What they want is money; what you want is freedom from debt. Whatever gets both sides closer to that is a good thing.

2006-07-25 11:29:21
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Related Questions

What to do if your being served a civil summons for credit card debt?

Most importantly, appear in court on the date and at the time you are summoned. Bring with you all records of payments against the debt. Be prepared to explain to the courts why you defaulted, and plead for the opportunity to make arrangements for payment.

Can a credit card come send you to collections if you are making a payment?

They can do whatever they want if you are behind, but it would be weird for them to pursue collections if you are making REGULAR payments. Call the credit card company and make arrangements.

How do websites accept credit card payments?

Websites accept credit card payments through companies that offer payment and transactions processing services. The company processes payment, takes a fee and forwards payment to the company.

The arrangements between buyer and seller as to when payments for merchandise are to be made are called?

credit terms

If a mortgage payment is 20 days late will that be reported to the credit bureaus?

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.

Most widely used and accepted form of payment for making business travel arrangements?

Major credit cards are the most widely used and accepted form of payment for making business travel arrangements.

Can late payments come off your credit report?

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.

Which of the following is the most widely used and accepted form of payment for making business travel arrangements?

Major credit cards are the most widely used and accepted form of payment for making business travel arrangements.

How will a deferred payment look on your credit?

If it is a student loan, there will be a statement on the credit report. It will also show the date that payments were deferred.

Should you default on credit card bills thus ruining your credit record or sell your car which is in good condition and likely to last a few more years?

Sell your car to pay down your debt and buy a beater. Have you contacted the credit card companies? It may make sense to call them to discuss payment arrangements. I have a client who had a $25,00 credit card bill with payments over $1000/month. By calling, they were able to get the rate lowered to around 8% and a monthly payment of $600 for one year after which the credit card company would review the payment plan. Many of the credit card companies are instituting these types of arrangements so, even of you do sell your car, you may want to try and work out a payment arrangement to suit your budget.

Do forbearance payment affect credit score?

Do forbearance payment affect credit score? Also, if your lenders agree to a short sale and you have not been deliquent on your payments but the lender granted you a forbearance, will your credit score be affected?

You Have To Buy To Begin?

If you are one of the Americans out there who have no credit whatsoever, know that there are things that you can still purchase. Car dealers who accept payments at their dealership will approve you for a vehicle as long as you have a down payment and you can provide proof of income. This will also give your credit a boost if you make the payments on time. Furniture stores that accept monthly payments will accept customers who have no credit. Find a store that is willing to work with you on a down payment as well as payment options in order to start a credit rating.

Can a debt be put on your credit report if you are making payment?

Yes, it'll be there until the payments are completed.

How long until my late mortgage payment results in a bad credit rating?

As your lender about the specific reporting policies. For the most part, late payments are not reported until the payment is at least 31 days late. Repeated late payments and excessively late payments will shave points off a credit rating.

What are the booking entries for operating lease payments?

increase rent expense by payment amount (debit) reduce cash by payment amount (credit)

How can personal responsibility affect your credit report?

Creditors will often take into account how responsible a person is in making payments on their loans and credit cards.Making payments on time, keeping your credit utilization low and establishing a solid payment history are some actions that can have a positive impact on your score.

How much does payment protection cost?

Payment protection usually costs around 1% to 2% of whatever is charged on the credit card. These costs are used when you are unable to pay your credit card payments.

What makes my credit rating increase?

By making on or before time payment of your financial liabliliies.. like EMI's, credit card payments etc..

Should you see if your bank will repo your car as you just can't keep making the payments and when you do they are late you have had the car for 4 month now you know it will make your credit bad?

I need to know how long does it take the bank to repo your car if you are 2 payments behind. Can I make arrangements to make a payment next week

What are the minimum payments on a credit card?

Depends on how much you owe. The more you owe, the more the minimum payment.

Where do you mail your DISCOVER credit card payment?

There should be an address to mail payments to - on the reverse of your monthly statement.

How can one make a payment on their GapCard?

A person can make a payment on their Gap credit card in a number of ways. Payments to a Gap credit card can be made by mail, over the telephone, online account, or by the persons bank's bill payment system.

How do you remove late payments from a credit report?

Credit bureaus and the original creditors have the power to remove late payments. You can contact the original creditor that posted the late payment and ask for them to remove it. They will probably only do this if you have had a good payment history with them. You can also send dispute letters to each of the credit bureaus asking for verification on your negative listings. You can do this yourself or hire credit repair company to do it for you.

How can you get back on track with missed car loan payments?

Just make a payment. The missed payments will show on your credit report but that's not really bad if you don't miss any future payments.

Does PNC Mortgage offer online payment options?

PNC offers a variety of payment options including online payments. Payments can also be made by transferring funds and credit cards over the phone or through the mail.