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.
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Related Questions
What to do if you mortgage holder sends your payment back and because they did it puts you in foreclosure?
get an attorney.
Are you responsible for payment if after using a credit card but the creditor never sent a statement?
if you ignore your obligation, it will eventually come back to haunt you
What does credit cards processing mean?
Credit card processing describes the payment and acceptance of a credit card for payment of goods and services. The merchant usually sends the credit card number to the issuing company through an electronic terminal. The issuing company then sends a code back instantly either allowing payment to be received or declining payment.
Can you drop off a motorcycle at the dealer if the creditor wont take it back?
If the creditor will not take it back in lieu of the money owed then you need to sale the bike and pay them their money. Unless the dealer is willing to buy the motorcycle you will still owe the money. Not every creditor will do a voluntary repossession.
Does your ex still cares if he sends mixed signals?
Yes, because he wants you back!!!!
What is difference between auto data entry and manual data entry?
This is from my experience in Remittance processing or Payment processing - A company sends a statement for payment to a customer, the customer in turn sends back statement with payment for credit to their account. The statement has scan line that has OCR characters with the customers account number and amount of payment due that is readable by a data entry machine. When the customer sends payment that matches the amount due exactly, those payments can be processed by machine as an automatic entry reading from the scan line and without having to be keyed manually key entered on a ten key pad by an operator. These payments are processed in batches. Manual entry is when a customer sends a payment that is different from the amount due on the statement, an operator has to manually enter that payment into the data entry machine using a ten key pad. These payments are also processes in batches.
If you have paid a payment and the finance company accepted it but still sent the repo man for your car can you get your last payment back?
NO, you owed it, you sent it in and its gone now. sorri
Why can't you get a detail Billing statement from a collection agency?
You can, but not directly from them. The debt collector is the agent of the original creditor and does not likely have all records of the debt or contract. The collector, as the agent of the creditor can go back to the creditor and request a reconciliation of payments and history, and will in fact be required to so that it van be verified if you notify the collector in writing that the debt is invalid due to payment or some other reason.
If you owe back taxes and are on a payment plan will you still get your federal income tax return?
efiled for2011 but owe back taxes from 2009..payment plan is due august 2011..can the back taxes be deducted from payment estimated to be directly deposited by july 4 2012 without delaying deposit?
If you pay the same bill twice using your debit card can you get your money back?
yes you can, if there are no outstanding payments. otherwise, your creditor might apply the second payment towards the outstanding debt. that is the easy way out for them.
If a car has a lien placed on it prior to bankruptcy being filed do you get the title back when the bankruptcy is completed?
It really depends on the type of bankruptcy petition you file. If you file for Chapter 7 bankruptcy the creditor who put the lien on your car may be able to take your vehicle. If you file for Chapter 13 bankruptcy you'll have the opportunity to make payment arrangements with your creditor and in that case you should get the title back after all of your payments are made and your amended. contract with the creditor has been fulfilled.
What does it mean when an appellate court sends a case back to the trial court?
apelleate court sends a case back to the trial court
Can furniture be repossessed if payment has not been made in 6 months but you start back making payments?
Yes, furniture can be repossessed if you start making payments again after 6 months, especially if the missed payments are not caught up. The creditor can refuse the payment if court proceedings are already in progress.
Is there a time limit for collecting on medical bills in Kentucky?
Yes, by federal law, creditors on all fifty states and the US territories have seven years from the date of last payment to collect a debt. That is, if the account is 6 years, 363 days past due, and you suddenly feel guilty and make a payment, the creditor gets to roll back the clock and has another seven years to collect it. On the other hand, if there is a judgment on the debt, the creditor has ten years from the date of judgment or last payment which ever is later to collect the debt.
If your car has been repossessed what kind of payment will they take to get it back Will they accept check credit or only cash Do you have to pay in full or will they take half 800 behind?
If a car is repossessed it is usually up to the creditor, what terms and conditions have to be met to get the car back. Included with all the payments missed, there might also be fees like towing, late fees, etc. The creditor is probably going to want all of this paid up front to get the car back.
Are Germany still paying back the treaty of Versailles payment today?
no after ww2 most germans regret satring war
How does an acoustic bass work?
Just like a guitar. The strings vibrate the bridge, the bridges sends the sound to the back of the guitar, the back sends it to the top and it loops.
TrIed to pay debt and creditor sent money back?
This makes no sense, unless you already paid the debt. Even if you filed bankruptcy and got a discharge, or the statute of limitataions has run, you, the debtor, can always voluntarily make a payment.
What is the speed that sends the delorean back in time in the movie Back to the Future?
88
What do you do if an account was turned over to a collection agency but the original creditor accepted your payment in full?
Contact the original creditor. Provide proof of your payment. They need to retract the account from the collection agency. The account could have been sold to the collection agency or simply assigned to them. For your purposes, it does not matter which situation applies. You paid the original creditor and your credit report needs to reflect this. After they do what they need to do to get the account back; you then dispute the entries with all three credit bureaus. The original account should show as a paid collection and the other collection account should be removed from your credit report entirely.
If a person files bankruptcy and it is discharged and closed it does not they can still take the inheritance to pay back creditors?
Once the debt is discharged, a creditor cannot reinstate it, even if you win the lottery.
If a debt is not reaffirmed by a creditor is the debt discharged in a bankruptcy?
The creditor is the lender. The bankrupt is the debtor. The lender never has to re-affirm he wants to get paid back.
You cannot make the rest of the down payment and the dealer wants the car back do they have to give us back your trade?
In Chicago, IL if your car is repossed by the dealer do you still have to pay back the money for the car?
Can a secured creditor demand there furniture back in discharge?
They can "demand" but they cannot force you to return furniture. However, if a creditor has a security interest in the furniture, then can foreclose (i.e. take back) the furniture if you fail to make payments.
Once a check is cashed can you get the money back?
no not unless the person who you sent it to sends it back to you
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