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Do I still owe if a creditor refuses to give you payment address?
Wiki User
∙ 9y ago
If a creditor refuses to give you payment address, you still owe them money. This might be frustrating but does not get you off the hook.
Wiki User
∙ 9y ago
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If creditor refuses a minimal monthly payment on credit card is debt still owed?
Yes it is. They just don't like the amount you have chosen.
If the monthly statement is not received where do you send the payment?
If the monthly statement is not received, you still need to send in your payment. If you do not have the address, you need to call your creditor to see where the payment should be mailed to.
If a creditor sends your payment back to you do you still owe the debt?
Yes. Once a contract has been defaulted on, the creditor has no legal obligation to accept any payment other than that which was agreed on in the original contract or subsequent agreement.
If payment is a month behind yet two weeks ago made a full payment can they still threaten to repossess?
AnswerProbably, but if payments are kept current it would be unlikely that a creditor would take such action. When a scheduled payment is missed the account is in default even if the payment is "made up" and the creditor can exercisewhatever options might apply under the original agreement, including repossession of the item.
You have the title to your car however you are still paying the notes if you are late on a payment can the creditor repossess the car?
if the creditor's name is nowhere on the title,only your name,no one else. no liens. No one can legally take your car.
If the dealer accepts partial payment can they still repossess your car?
Yes. Once the lending agreement is in default the lender may take whatever action they choose in recovering the monies owed. It is a misconception that by making a partial or token payment the creditor will not be able to assert their legal rights. The lender can accept the payment, still repossess the vehicle or pursue litigation.
Do you still owe if the creditor does not cash the check or it was lost?
Yes, you still owe the money if for some reason the creditor does not cash your check or has lost it. The creditor can request a new check.
Can you sue a creditor for not updateing my credit report after a payment was received?
Creditors update credit reports on their schedule, some update every month, others update every other or every third month. If you are in a hurry, contact the credit bureaus and have them contact the creditor themselves. You can sue a creditor, but you have to try contacting the creditor first (via mail), then file a complaint with the FTC, then contact the credit bureaus. If the account still hasn't been updated, you can go ahead and sue the creditor.
Can a creditor still charge interest rates if they are garnishing your wages?
If you have a garishee against your salary can the creditor still charge interest. Thanks Theo
Can a lien be place on your house if you continue to make small monthly payments on credit card debts?
A creditor does not legally have to accept any payment amount except that which is stated in the contract/lending agreement. Also when accepting a lesser payment the creditor is still not barred from using other methods including litigation to collect the debt. Evem of the debtor is making payments on the account the creditor can still file suit for the debt and if granted a judgment in most cases use it as a lien against the debtor's property. Because litigation is expensive and time consuming most creditors (not all) will try to work with the debtor. The debtor should contact the creditor to attempt to make other payment arrangements, not take it upon themselves to simply pay what they can afford.
Can a credit card company empty your bank account if you don't pay?
If you allow a creditor to deduct a payment of X amount of dollars, the creditor will most likely deduct that amount. If an account is 'past due' and a debtor gives a creditor a number to do a check by phone, the creditor can withdraw the amount of money owed which can cause the debtor to become overdrawn. You may be able to make a case, stating that you did not authorize that amount but while fighting this your account can still remain overdrawn. So if you have a past due account, make the payment by money order or cashiers check just to avoid this occurence from taking place.
What happens if a creditor receives a cease and desist letter from a debtor?
Then the creditor must cease any attempt to collect the debt. It means the creditor is not allowed to call debtor, or send the bill to debtor's address or to make any further attempts. If the creditor still call the debtor, the debtor may complain and initiate a lawsuit. But usually the creditor will take the debt to court when a debtor serve him with cease and desist letter. It could be as soon as 3 months up to a year.
