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โˆ™ 2015-07-16 18:12:22
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Q: Is it normal for a finance company to turn down an immediate 2 month payment offer on a loan that is 5 payments behind on a 6 year old vehicle?
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Is it better to finance an auto purchase with a small down payment and high monthly payments or high down payment and small monthly payments?

It is better to finance an auto purchase with a high down-payment and a low monthly payment, because it is less likely for you to fall behind on your payments and acquire debt.


In California does a finance company have the right to repo a car from a police impound when payments are not behind?

No, They would have to be behind on the car payment The above is not always the case. It can depend on what the car was impounded for. If it was impounded for something like drugs where asset forfeiture comes into play then yes the finance company can take the car regardless of payment status. The reason for this is because there are times when the authorities will tell the finance company that if the vehicle is returned to the registered owner the finance company will lose their rights to it as well. The finance company does not have to hand their collateral back to you if it means loss of collateral, it is their car after all.


How long after a missed car payment does the finance company repossess the vehicle?

The question is, "Why would you worry about a missed payment when you have interest in the vehicle?" The money that you used as your down payment and any payments you have made total your interest in the vehicle. Why are people running from the repo man when in fact you can place the finance company on notice that, if your interest is repossessed, you will file criminal charges in federal court against the finance company and get triple what the car is worth. I guarantee you they won't take it. You can also put a mechanics lien on the vehicle to protect your interest in it.


How do websites accept credit card payments?

Websites accept credit card payments through companies that offer payment and transactions processing services. The company processes payment, takes a fee and forwards payment to the company.


Would a finance company repossess your car if you only have three payments left but are more than 30 days late?

Yes, they will repossess if you have only one payment left.


Is there a statutet of limitation for collecting payment of a reposessed auto?

There are no Statue of limitations on repossession orders given to repo companies. Payments to the finance company can be squashed easily as going into bankruptcy!


A finance company has contacted you to say the motorcycle you bought 2 years ago has outstanding finance can they make you pay or could they take your bike?

FIRST OFF,ALWAYS CHECK FOR LEINS OUTSTANDING ON ANY MOTOR VEHICLE.YES THE COMPANY CAN MAKE YOU PAY THE OUTSTANDING LOAN,IF IT IS WITHIN THE STATUE OF LIMITATIONS.THEY CAN ALSO REPO THE BIKE.THEY MUST HAVE THE DOCUMENTATION AND IT MUST HAVE BEEN REGISTERED.THE SOLUTION?PAY SMALL TOKEN PAYMENTS ON THE LOAN.IF A PAYMENT OF SAY,$15.00 IS RECIEVED AND THE COMPANY CANNOT REPO.MAKE SHURE THAT A PAYMENT IS MADE AT LEAST EVERY 90 DAYS.THE FINANCE COMPANY CAN THREATEN YOU WITH EVERYTHING SHORT OF DEATH.DON'T BELEIVE EVERYTHING THEY SAY.JUST MAKE SURE THAT TOKEN PAYMENTS GETS POSTED EVERY 90 DAYS.DO NOT PAY CASH,YOU WANT A RECORD THAT A PAYMENT HAS BEEN MADE.THE FINANCE COMPANY'S WILL HATE ME FOR THIS. ROCKIN ROD.


Can you purchase auto insurance 1 month at a time?

You are going to have to put down a down payment and then you can finance the rest and pay in 9 or 10 monthly payments. It reall depends on the insurance company.


How do you get a remittance?

There are a number of way to get a remittance payment. The policies for receiving this payment vary from company to company, and you should speak with your bank on how they handle remittance payments.


Can finace company put down payments on a customers account that they had never made and put down reversals made on the pay ment and then say insuficient funds?

If you had a dispute with a auto finance company that had put down that you had made a payment on a certain day and you and your bank no that you didnt but the finance company is trying to say that you did is it legal for this kind of stuff to be done?


What is the code city to send to western union payment to chase auto finance?

The Western Union City Code for Chase Auto Finance payments is ChaseAuto-NY.


How do i cancel my account, and stop payments?

Call and write the company. Tell the company that you are taking away your permission for the company to take automatic payments out of your bank ... Call and write your bank or credit union. Give your bank a "stop payment order". Hereโ€™s how you can do a stop payment order: Monitor your accounts


Can a finance company report a car stolen if no payment has ever been made?

No


Can the finance company make you pay a payment in advance?

If you are not in breach of contract (ie haven't been late in the past), then the finance company has no right to demand early payment unless the contract states this as a provision. If you *are* in breach, or have been in the past, then the finance company has some leeway -- a bit of "you violated, so we violate right back."


What goes in a Cash payment journal?

All cash payments made by the company.


After 15 days can a company reposses your car?

can a finance company reposses your vehicle if you made your payment on the15 day


Is a finance company quicker to repossess the second time if you fall behind again?

Surprised the finance company would allow a second chance loan after one repossession already. If they did grant another loan, chances are that they would be watching the loan progress very closely and would take immediate action if there was a default on one payment.


Can you sell your car if they sent you the title by accident and continue your payments?

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.


What is an immediate annuity rate?

An immediate annuity is an annuity that begins making payments to you shortly after you deposit your money. The rate of interest you earn on this depends on age, payment options, and other factors.


What is the address to send payments?

The address to send a payment can probably be found on the company's website or by calling the company and asking for the payment address. Many companies also accept electronic payments now as well, and these are processed securely and more quickly than mail.


When is payment due after buying a car?

Generally a month. Sometimes if you ask your bank or finance company to defer the first payment for an additional month they will.


Car dealer forgot down payment?

The car dealer is not required to collect a down payment. The finance company is the one who usually asks for it. If they desire a down payment, they will contact you to get it.


Can a car dealer shut your car off if you miss a payment?

That's not going to happen. Unless the dealership is doing the financing in-house, they're already paid for the vehicle, via the loan you took out from the finance company to get the vehicle. It's the finance company you'd answer to re: the payment, not the dealership. Thus far, I've never heard of any such thing happening - miss a certain number of payments, and the finance company sends repossession agents to collect the vehicle. However, it's not beyond the realm of possibility - vehicles with systems such as OnStar can be shut off remotely, and, although I have yet to hear of it happening, it is possible that a finance company could request OnStar disable the vehicle.


What does payment term immediate mean?

what is immediate mean


WHAT DO YOU MEAN BY ANNUITY?

An annuity is a contract between you and an insurance company in which you pay a lump-sum payment or a series of payments in exchange for regular payments, which can start right away or at a later date.