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READ your contract. It should deal with that issue. If you meet the conditions set forth by the contract, YES, they can refuse.

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โˆ™ 2015-07-15 18:40:59
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What is forfeiture

Which of these is the best description of delinquency

Which term is defined as property that is pledged as security on a loan

This is Paula's monthly budget What percent of her expenses is spent on insurance

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Q: Do creditors have the right to refuse monthly payments on a balance due on a repossessed car?
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Related questions

Define accumulated balance?

used for micro payments, similar to monthly telephone bills.


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 !


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 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.


How much down and what are your monthly payments ?

How much down and what are your monthly payments


If thay repossesse your car do you have to pay it off?

Most of the time when a car get repossessed you will still have to still pay monthly payments. In some cases you will not have to continuing paying.


What does monthly housing payments mean?

It means that you have to make monthly payments on your house.


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.


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.


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.


How does non-profit debt consolidation work?

Non-profit debt consolidation negotiates new terms and payments with your creditors. You then pay the debt consolidation company one monthly payment and the company takes that money and pays your creditors according to the new terms.

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