0
If you stop making payment on your BMW lease are you responsible to pay for the rest of the months payments?
Wiki User
∙ 16y ago
You're responsible for the payments based upon the contract terms regardless of whether you pay them or not. If you don't pay them, you're probably subject to additional fines, penalties, and seizure of the vehicle.
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
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.
Reduce Costs On Mortgage Payments?
Mortgage payments are typically paid monthly, making 12 payments per year. However, if one extra payment is made each year, thousands could be saved in interest alone and the loan repayment period shortened by years. One easy way to accomplish this is by changing the frequency of payments. Instead of making one payment a month, pay half the monthly amount every two weeks. Another option is to pay a small additional amount over the monthly payment every month that equals approximately 1/12th of the monthly payment. By the end of 12 months, an extra payment will be completed.
How long are written check stop payments valid?
It depends on the bank. Most stop payments are lifted after 6 months. Here's an article about how to stop payment on a check. http://stopchex.com/how-to-stop-payment-on-a-check.html
What is a responsible use of credit?
Buying something on credit and making many payments on the account over months gradually paying down the debt. If you are seeking to build credit, then don't pay it all off too quickly as that doesn't establish a history of making payments. It takes at least 6 months of payments to even affect your credit report. Also, don't only pay minumim payments. You want to establish that you can be trusted and will not strecth yourself too thin.
If you make extra mortgage payments is the extra principle applied to the end of the loan thereby eliminating end-of-the-loan payments?
The principle payment(s) are applied as you make them. Reducing the number of monthly payments. Instead of paying for 180 months you might only pay for 72 months. Your original payment amount stays the same, you just don't pay as long.
Can a motorcycle be repossessed if you haven't made payments in 6 months and then started making payments again?
Technically you breached the contract with the lender if you did not make payments in 6 months. They actually have the right to NOT accept further payments from you. So yes, it can still be repossessed.
What is one lump sum?
monthly payment is 595.00 have no worked over 4 months they want $3600.00 & will not accept payments
What if you have not made a payment for 4 months on your car and you can make future payments on the car can they still take your car?
Yes. Obviously!
How long does it take for a loan payment to improve your credit score?
Although making a loan payment will have a positive effect on your credit score it may take time to show. You will need to have approximatly 6 months of on time full payments of any debt before a good rating is received and this does not stop a bad rating from showing up from the same creditor Basic thing to remember one late payment (30 days or more) can show on your credit score....to show a positive note it must be 6 months of good payments.
How can you get a student loan if you have bad credit no cosigner?
Apply for a low limit credit card - $100.00. Use it sparingly and make regular payments for 3 months, pay it off in the 4th month and repeat the cycle for 12 to 18 months. This will establish you as capable of making monthly payments on time and of paying off a debt to a $0 balance. Never be late with a payment.
How many years did Benito Juarez suspend payments?
Just a few months (March - December 1861). As for the French payment, it was cancelled.
When can the government repossess property such as a car?
when you arent making payments for several months when you dont pay your taxes
