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If your credit report shows a repossession with zero balance but 350 dollars is several years past due should you contact the creditor now?
Wiki User
∙ 8y ago
i would be ready to NEGOTIATE the CR part before I called. For such a small amount due, it would be reasonable for Chry to make some kind of adjustment on whats reported to the CRAs.maybe an attorney could negotiate better than you?? good Luck
Wiki User
∙ 8y ago
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If you volunteer a repossession do you have to pay off your car loan?
YES, you have to pay off the loan. You have agreed to pay the lender X number of dollars for X number of months in return for letting you use X number of dollars to buy a car. Once the car is sold, the sale price is deducted from the balance due and you still owe that amount.
If your balance was 100 dollars and your credit card company asked that you pay 5 percent of your balance how much would you need to pay?
Five percent of one hundred dollars is five dollars.
Why does an account balance less than -40 dollars represent a debt greater than 40 dollars?
Unless they are reflected in the negative balance already, there are overdraft charges that you also owe. If the -$40.00 reflects more than one transaction that caused the negative balance, each transaction will have an overdraft charge.
How do you write a check of a balance of 5800?
Five thousand, eight hundred and 00/100 dollars
What do you call any kind of money that a creditor must by law accept in payment of debts?
Legal tender. In plain English, it's the currency that is in use in a particular country. US dollars in America, Sterling in the UK and Euros in much of Europe for example.A creditor is normally free to accept other forms of payment if he chooses to. The creditor may decide to accept a foreign currency rather than wait for the payment in the legal tender of the country. The creditor is normally not obliged to accept anything other than legal tender.
If you volunteer a repossession do you have to pay off your car loan?
YES, you have to pay off the loan. You have agreed to pay the lender X number of dollars for X number of months in return for letting you use X number of dollars to buy a car. Once the car is sold, the sale price is deducted from the balance due and you still owe that amount.
Can a creditor file a Civil Suit for medical bills under five thousand dollars?
yes they can
Assignment of Estate in Favor of Creditor?
Assignment of Estate in favor of Creditor(Download)I, _________________________, referred to as DEBTOR, herewith unconditionally assigns all of my right, title and interest in an expectancy of to the estate of _________________________ to _________________________, referred to as CREDITOR, under the terms and conditions stated herein.This assignment is to secure payment of _________________________, dated ________________________, in the original principal amount of $______ (________________ & ____/100 dollars) with a present total principal and interest balance of this date of $_____ (___________________________ & ________/100 dollars).CREDITOR shall have the right to pursue any legal actions, file any notices or claims as may be necessary to secure CREDITORs full receipt of my expectancy.I further agree to execute such other and further documents as may be requested by CREDITOR to perfect and secure this assignment. In the event of a dispute or litigation, I give the CREDITOR the sole and total authority to compromise or settle the dispute.In the event that the amount received from the estate is insufficient to repay such debt, I will remain personally liable for the balance of the sums due to CREDITOR. In the event that there is any excess, CREDITOR shall be required to return the excess to the DEBTOR.Dated: ___________________For _________________________, Creditor:________________________________________________________________________________DebtorAssignment of Estate in Favor of CreditorReview ListThis review list is provided to inform you about this document in question and assist you in its preparation. This form is typically used to acquire a loan or payment from another party.1. Make multiple copies. Keep one with the transaction file. Give one to each signatory.
-30 dollars or a balance of -25 dollars which is less?
-5
Franklin just deposited 364 dollars into his checking account If Franklin now has a total of 500 dollars in his account how much did he have originally?
Newly deposited amount: 364 dollars Current Bank balance: 500 dollars Previous balance:? Previous balance = current balance - newly deposited amount = 500 - 364 = 136 Franklin had 136 dollars in his account before he made the 364 dollar deposit
If your balance was 100 dollars and your credit card company asked that you pay 5 percent of your balance how much would you need to pay?
Five percent of one hundred dollars is five dollars.
How much is the maintaining balance?
About 50 dollars give or take.
Can a creditor garnish more than 2000.00 dollars a year?
Possibly, it's a max percentage of your income. (25% in my state)
How much to balance 22 inch tires?
about 25 dollars a tires
If your car was repossessed 3 months ago and you had thousands of dollars worth of tools golf clubs cds and other things can you get them back after 3 months?
Thousands of dollars worth of items and you wait 3 months before trying to recover them. Amazing!!! When you finance or lease a vehicle, your creditor holds important rights on the vehicle until you've made the last loan payment or fully paid off your lease obligation. These rights are established by the signed contract and by state law. If your payments are late or you default on your contract in any way, your creditor may have the right to repossess your car. Talking with Your CreditorIt is easier to try to prevent a vehicle repossession from taking place than to dispute it afterward. Contact your creditor when you realize you'll be late with a payment. Many creditors will work with you if they believe you'll be able to pay soon, even if slightly late. Sometimes you may be able to negotiate a delay in your payment or a revised schedule of payments. If you reach an agreement to modify your original contract, get it in writing to avoid questions later. Still, your creditor may refuse to accept late payments or make other changes in your contract and may demand that you return the car. By voluntarily agreeing to a repossession, you may reduce your creditor's expenses, which you would be responsible for paying. Remember that even if you return the car voluntarily, you're responsible for paying any deficiency on your credit or lease contract, and your creditor still may report the late payments and/or repossession on your credit report. Seizing the CarIn many states, your creditor has legal authority to seize your vehicle as soon as you default on your loan or lease. Because state laws differ, read your contract to find out what constitutes a "default." In most states, failing to make a payment on time or to meet your other contractual responsibilities are considered defaults. In some states, creditors are allowed on your property to seize your car without letting you know in advance. But creditors aren't usually allowed to "breach the peace" in connection with repossession. In some states, removing your car from a closed garage without your permission may constitute a breach of the peace. Creditors who breach the peace in seizing your car may have to pay you if they harm you or your property. A creditor usually can't keep or sell any personal property found inside. State laws also may require your creditor to use reasonable care to prevent others from removing your property from the repossessed car. If you find that your creditor can't account for articles left in your car, talk to an attorney about whether your state offers a right to compensation. Selling the CarOnce your creditor has repossessed your car, they may decide to sell it in either a public or private sale. In some states, your creditor must let you know what will happen to the car. For example, if a creditor chooses to sell the car at public auction, state law may require that the creditor tells you the date of the sale so that you can attend and participate in the bidding. If the vehicle is to be sold privately, you may have a right to know the date it will be sold. In either of these circumstances, you may be entitled to buy back the vehicle by paying the full amount you owe, plus any expenses connected with its repossession (such as storage and preparation for sale). In some states, the law allows you to reinstate your contract by paying the amount you owe, as well as repossession and related expenses (such as attorney fees). If you reclaim your car, you must make your payments on time and meet the terms of your reinstated or renegotiated contract to avoid another repossession. The creditor must sell a repossessed car in a "commercially reasonable manner" - according to standard custom in a particular business or an established market. The sale price might not be the highest possible price - or even what you may consider a good price. But a sale price far below fair market value may indicate that the sale was not commercially reasonable. Paying the DeficiencyA deficiency is any amount you still owe on your contract after your creditor sells the vehicle and applies the amount received to your unpaid obligation. For example, if you owe $2,500 on the car and your creditor sells the car for $1,500, the deficiency is $1,000 plus any other fees you owe under the contract, such as those related to the repossession and early termination of your lease or early payoff of your financing. In most states, a creditor who has followed the proper procedures for repossession and sale is allowed to sue you for a deficiency judgment to collect the remaining amount owed on your credit or lease contract. Depending on your state's law and other factors, if you are sued for a deficiency judgment, you should be notified of the date of the court hearing. This may be your only opportunity to present any legal defense. If your creditor breached the peace when seizing the vehicle or failed to sell the car in a commercially reasonable manner, you may have a legal defense against a deficiency judgment. An attorney will be able to tell you whether you have grounds to contest a deficiency judgment.
How much is a antique analytical balance scale 1964 worth?
I've seen a 1964 Polk county Oregon balance scale sold for 500 dollars before so I think you can get about $200 dollars
What can you do about a repossession if you only owed 717 dollars and you were never contacted about the repossession?
Pay the money. You don't have to be contacted about the repossession; you are aware of the terms of your loan in your contract. If you're behind, pay what you owe so you can get the vehicle back. * The amount owed is not relevant. The following states require "right to cure" notification before repossession action can be taken: Colorado, Connecticut, Iowa, Louisiana, Maine, Massachuetts, Missouri, South Carolina and West Virginia and Wisconsin (replevin order required).
