0
Can you negotiate with a lender to remove a repossession on a credit report through a settlement of paying less than owed or will the credit report show settlement of partial payment of debt?
Wiki User
∙ 19y ago
The way it is reported is the decision of the credit reporting bureau. It might be listed in different ways on individual reports. Generally it will remain on the report as a " settlement",not as a "satisfied in full."
Wiki User
∙ 19y ago
Add your answer:
Earn +20 pts
If one has tax liens judgments collections and a nearly maxed out but good standing credit card what priority in steps should be taken to improve the credit score?
== == Offer a settlement on your tax liens. Negotiate a payment plan with your judgements. This is in order of importance. Once you are done with this process, then negotiate a settlement for your collection accounts.
If make partial payment on home in foreclosure after 6 months will this delay foreclosure?
You should contact a Realtor who specializes in Short Sales so they can negotiate your situation with your bank to stop the foreclosure.
Can repossession happen for being 10 days late on a payment?
Repossession can happen any time after a payment goes late; it all depends what the initial contract states.
If you make one payment when payments are behind can this stop the repossession?
Check your loan contract, but in most cases (99.99%) if the payment does not represent the total past due amount, or if you do not have arrangements with the lender setting asside repossession actions in lieu of payment arrangements, no; one payment toward a past due balance will not stop or delay repossession of the vehicle.
When would a house be in danger of repossession?
Typically, a house can be repossessed after 90 days of non payment by the mortgage holder. However, it is not illegal for repossession to begin after a missed payment, though this is extremely rare.
How will one be able to stop the repossession of a vehicle?
Sometimes one can negotiate with the company holding title to the automobile and work out a payment schedule to pay back the amount in arrears, but some companies will not negotiate at all. The easiest way to prevent a vehicle repossession is to ensure that all payments are made according to the payment terms.
How can you avoid repossession of your vehicle if you are willing to pay in installments?
Definately try and negotiate a payment deal. Don't take no for an answer, ask for managers, supervisors whoever you need to to make it happen. Be as honest as you can.
How do you get the title to a car you've had 5 years is on your credit as a repossession but the company never physically repossessed?
contact the lending institution and offer to make partial payment in exchange for the title.
How late can a vehicle payment be in Virginia before repossession?
I am a repossession agent in Virginia it takes 2-3 months of not paying before the repossession status occurs.AnswerI am a repossession agent in Virginia it takes 1 missed payment then repossession status occurs.
If one has tax liens judgments collections and a nearly maxed out but good standing credit card what priority in steps should be taken to improve the credit score?
== == Offer a settlement on your tax liens. Negotiate a payment plan with your judgements. This is in order of importance. Once you are done with this process, then negotiate a settlement for your collection accounts.
If make partial payment on home in foreclosure after 6 months will this delay foreclosure?
You should contact a Realtor who specializes in Short Sales so they can negotiate your situation with your bank to stop the foreclosure.
What is an interim payment on an insurance claim?
A partial payment.
Can repossession happen for being 10 days late on a payment?
Repossession can happen any time after a payment goes late; it all depends what the initial contract states.
If you make one payment when payments are behind can this stop the repossession?
Check your loan contract, but in most cases (99.99%) if the payment does not represent the total past due amount, or if you do not have arrangements with the lender setting asside repossession actions in lieu of payment arrangements, no; one payment toward a past due balance will not stop or delay repossession of the vehicle.
Can you pay partial rent to avoid eviction?
A partial payment will stop an eviction but the landlord must be willing to accept it. If they will not accept a partial payment, the eviction will proceed forward.
How do you sign in for your settlement payment?
i want to find out about my settlement
I had work done on my car and have not paid it in full. The owner of shop refused a part payment and started proceedings to place lien on my vehicle. Can he do that?
Yes. He does not have to accept a partial payment.Yes. He does not have to accept a partial payment.Yes. He does not have to accept a partial payment.Yes. He does not have to accept a partial payment.
