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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

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โˆ™ 2015-07-16 18:31:34
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Q: If your credit report shows a repossession with zero balance but 350 dollars is several years past due should you contact the creditor now?
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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.


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.


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Pledge of Life Insurance Policy to a Creditor?

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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).


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. 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Can a lawyer get a repossession off your credit?

If the account contains any incorrect, incomplete, misleading, erroneus, or misleading information, the repossession may be deleted from your credit report. But you do not need to hire a lawyer and pay thousands of dollars. You can hire a credit repair service which will be a lot more cost effective.


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What is the penalty for writing a bad check for 500 dollars?

If you make the check good and call the creditor right away, there shouldn't be much penalty beyond the NSF fees from the bank and the creditor. The trouble comes if you write a check without an account or on someone else's account--regardless of the amount.


Why does an account balance less than -40 dollars represents a debt greater than 40 dollars?

Negative amounts, in this case, represent a debt to the bank.


Debt Compromise Agreement?

Debt Compromise Agreement(Download)_______________, referred to as CREDITOR and __________________, referred to as DEBTOR, agree:CREDITOR, hereby agrees to compromise the indebtedness due the CREDITOR on the following terms and conditions:1. The Creditor and the Debtor agree that the present debt due is $ _______ (____________________________________ &___/100 dollars).2. The parties agree that the Creditor shall accept the sum of $ _______ (_____________________________________&___/100 dollars) as full payment on said debt and in complete discharge of all moneys due, provided the sum herein shall be promptly paid in the following manner: ____________________________________________________________3. In the event the Debtor fails to promptly pay the compromised amount, the undersigned creditor shall have the right to prosecute its claim for the total debt due under Paragraph 1 less any payments made.4. This Agreement shall be binding upon and inure to the benefit of the parties, their successors and assigns.Signed and sealed this ____day of _____, 20__._______________________________ By Creditor_______________________________ By DebtorDebt Compromise AgreementReview ListThis review list is provided to inform you about this document in question and assist you in its preparation. Get this document in place prior to sending money to a creditor. A creditor is well advised to get this document in place before finalizing an agreement.1. Make multiple copies. Give one to each signatory.


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.