You can continue to make payments if you want. All the bank cares about is getting their money. You should check with them just in case, the rules could be different with your loan.
The insurance check will be made out to both the borrower and the lender and will require both signatures. The lender will be the person who takes final possession of the reimbursement and will apply it to the outstanding balance of the loan.
If there is a deficiency and there very will may be depending upon the depreciation of the value of the vehicle, penalties, etc. the borrower is responsible for the repayment of such costs.
AnswerCall and ask the people who you pay your payments toIf you have GAP insurance on the car, then it won't be a problem.
Yes, consolidating your debts into one debt will lower your monthly payments. Now the bad news. When you lower your monthly payments you will be extending your debt over a longer period of time. The only time a debt consolidation will work, is if you do not charge and change your life style to a cash only basis.
Not if you notify you local PVA that the car is totaled and not longer in service. You will pay taxes up to the day it was totaled.
There are several ways a person can get a low rate on the mortgage refinance. A person can get a lower rate on their mortgage if they make the payments longer, making the monthly payments be less.
NO. You no longer have collateral to secure the loan. Unless you are willing to use real estate or another vehicle that is fully paid off and owned for security.
Disability payments are Social Security Payments. When a person reaches full retirement age (66), the payments continue as normal, but are no longer considered disability payments. A person does not receive two payments.
What can happen if you miss your time share's monthly payments depends on the contract you have with the company you purchased the time share from. In most cases you can expect that eventually the time share will be repossessed by the lender and sold to someone else. You will still owe the money that remains on your contract, even if you don't have the time share any longer.
Absolutely not, once a debt is covered by chapter 13 bankruptcy. That debt and its interest rate can no longer be billed for.
Yes, all US states recognize and enforce child support orders. If the payments are being made through CPS or another state agency they will continue as usual. If the payments are being made by the non custodial parent the court order for support still remains valid and enforceable.
Occasionally a home owner will consider refinancing ones home loan if the interest rates have dropped substantially. This could save the home owner a lot of money in interest payments. Often a home owner will also consider refinancing to stretch the payments over a longer period of time and therefore reducing the monthly payments.
Yes it can
If you own your car or house and are no longer making payments, should you still have insurance on them? Explain why or why not.
Not a wise idea because your contract with the finance company probable holds the vehicle as collateral. If you no longer have the collateral they can demand payment in full to satisfy the loan.