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Do most creditors repossess cars that are 1 week to less than 30 days late in getting their monthly payment?
Wiki User
∙ 8y ago
NO, usually tote-the-note lots will be the ones doing that.
Wiki User
∙ 8y ago
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Why are debt counselors able to talk with your creditors and get your monthly payments reduced and you can't?
It is the debt counselor's job to notify the creditors that if you choose to sign up for debt management plans and that you are very serious about getting out of debt. They are professionals. They know what compromises creditors will agree to and they know that creditors are likely to accept a partial payment rather than no payment or suing a debtor who has no money. Credit counselors also have contacts and know how to access the right people.
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.
Who is allowed to repo boats?
Some companies are paid by creditors, such as banks, to repossess property in the event of a default on payment. Laws governing repossession tend to vary by state.
What is the time span of a late payment until your vehicle will be repossessed in the state of North Carolina?
As many as your finance agreement specifies.
What happens when you dont pay your monthly car payment in full?
If they accept the payment you're ok. The big question is "If." You should send enough to pay the interest. Most companies don't repossess the car for a couple of months.
If a young unmarried person dies without a will what happens to their car payment and bills?
Creditors can make claims against any estate left by the decedent. If the car loan is not paid the lender will repossess the car. If there is no other estate the creditors are out of luck unless there was a co-signer on any of the accounts. As bills come in the creditors should be notified of the death.
How often can your credit score increase?
Credit scores can increase or decrease monthly depending on when your creditors report items on your credit report. Typically creditors only report items to the credit bureau every two to three months, but if you make a late payment of 30 days or more delinquent they report monthly.
How do i get out debt?
The simple answer is - discipline ! Work within a budget. Contact creditors and arrange a lower monthly payment. It might take some time - but eventually you can be debt-free.
What's the catch in getting free credit scores online?
The catch with getting free credit scores online is that frequently you only get a partial report, to get a full report (the report creditors will see) you have to pay. Some do not offer a simple one time payment option, but require a monthly membership, so be careful.
Can a bank report a car stolen if in default of payment?
YES, IF YOU CLAIM NOT TO KNOW WHERE IT IS. If you call the bank and say I dont know where the car is its gone, they are going to tell you to report it stolen. If you stop making payments on it then they will repossess, if there is no car to repossess then you are still responsible to pay the monthly payment car or no car If you stop paying and there is no car to repossess then they at that point can take legal action against you. I dont know if its reported stolen but take my word for it you will pay somehow.
Can a used car dealer repossess a car that is not in delinquent of payment but had late payment history?
Yes
In Oregon if you make a payment on your loan can they repossess 2 weeks later if the payment only brings the account from 90 to 30 days past due?
READ your contract. IF you are in default, they can repossess.
