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Do creditors have the right to refuse monthly payments on a balance due on a repossessed car?
Wiki User
∙ 8y ago
READ your contract. It should deal with that issue. If you meet the conditions set forth by the contract, YES, they can refuse.
Wiki User
∙ 8y ago
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What kind of information do I need to calculate the monthly payments on my loan?
You monthly payment on a loan is largely based on your monthly income. usually you are expected to pay 15% percent of you income to you debtors or creditors.
What happens to your monthly payments once you get your bank card replaced?
Replacing your bank card will have no effect on your monthly payments. The amount you have to pay each month is dependent on your account balance !
Define accumulated balance?
used for micro payments, similar to monthly telephone bills.
What are the benefits of consolidating your loans?
By consolidating one's loans or other debts the consumer has better options in paying a lower monthly payment that covers all creditors instead of several payments which tend to not make much of an impact on the balance due.
My husband died a year ago. Can the finance company repossessed my deceased husband's vehicle although I have been making timely monthly payments?
no
What happens if you stop paying your monthly payments?
Your car will be repossessed, your car will be sold, you will be responsible for the difference in the price the car sells for and the balance on the loan plus repossession fees, and your credit will be ruined for 7 years. Contact the lender and work something out. Don't let this happen to you.
In general, how are monthly car loan payments figured out?
Monthly car loan paymnts are calculated by adding the interest to the balance and diviing it into equal payments for a set time frame. You can find a car loan calcultor at www.Edmunds.com.
How much down and what are your monthly payments ?
How much down and what are your monthly payments
What are the monthly payments on a 30 year fixed rate mortgage at 5 percent?
This would depend on the principal balance of the mortgage.
What does monthly housing payments mean?
It means that you have to make monthly payments on your house.
What is the monthly summary of transactions sent to a customer called?
A monthly statement or monthly invoice is typically sent to a customer summarizing all transactions for that period. It provides a breakdown of charges, payments, and any remaining balance.
What companies are reliable in helping you get rid of bad debt?
Consumer Credit Companies are reliable in helping you get rid of bad debt, they contact your creditors and negotiate a settlement or monthly payments you can afford.
