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Jocelyn takes home 2600 per month from her job as a paralegal if you’re only debt obligation or a car loan payment of 480 and a credit card payment of 80 every month is she in danger of credit overload?
Apex Suks
Yes, because the sum of $480 and $80 is greater than $520.
2600x20%= 520
Apex Suks
Barry Allen
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Can a collection agency reject a payment from you if it is less than the payment for the settlement they asked for?
Yes, a creditor/collector has no legal obligation to accept payment for anything other than the agreed upon amount. The same premise applies to making less than the minimum payment on credit accounts as well, such action would render the agreement null and void and the creditor can legally demand payment in full.
Can a pay day loan company take you to court in South Carolina for non payment?
Certainly. If you owe them money and have not met your obligation to repay it they have every right to pursue the debt through the court.
If you offer to make payments on a credit card debt to a collection agency can they say no and garnish your pay?
Yes. They are under no obligation to accept anything but payment in full. There are agencies that will accept a payment plan rather than use legal procedures. Especially if the state of residency does not allow creditors to recover legal expenses involved in a lawsuit.
Can you return your car to lender if you can make a payment?
Yes, you can. The only problem is you have an obligation like a contract to purchase this vehicle. If you do not meet your obligation it will become a blemish on your credit record. When you attempt to buy another vehicle, creditors will see this blemish and it may cause difficulties in your next attempt to purchase a vehicle. You may be seen as not credit worthy in trying to finance an automobile in the traditional finance method.
Do a payment?
''Doing a payment'' is to express completing a payment. '' payment is done '' means it has been completed.
What is the party called responsible for payment an obligation?
The debtor is the party responsible for payment obligation on an account.
What is the legal reservation of funds to make a future payment of money?
obligation
What is the meaning of Ex gartia payment?
In law, an ex gratia payment is a payment made without the giver recognizing any liability or legal obligation.
What is solidary obligation?
an obligation under which any of two or more obligors can be held liable for the entire performance (as payment of a debt) Solidary obligation is similar to joint and several liability in common law.
What statement best describes how money is used as collateral?
payment to ensure that an obligation is met
What is an acceptilation?
An acceptilation is a state of gratuitous discharge, a release from debt or obligation without payment.
What is an on demand payment bond?
This is a type of credit enhancement that guarantees payment of an obligation and must be paid by the enhancer on the demand of the note or bond holder.
Can a landlord not give a bank payment history to keep a tentant from moving?
He has no obligation to provide the history, whatever his reason.
Are you responsible for payment if after using a credit card but the creditor never sent a statement?
if you ignore your obligation, it will eventually come back to haunt you
In Minnesota if you sign over your parental rights to a child do you still have to pay child support?
Parental rights and child support are two different issues. Signing over your parental rights has no effect on your payment obligation unless the ending of the payment obligation is mentioned on the document.
Are you obligated to pay medical bill if your were unemployed and no insurance at time of service?
Absolutely. If you received service you have an obligation to pay for it. You should see if there are any programs that you may qualify for or if the provider will take a payment plan but neither relieves you of the obligation to pay.
What is structured obligation?
Structured Obligation (so) ratings are ratings that are based on a 'credit enhancement' mechanism and/or a structured payment mechanism. A suffix in the form of '(so)' indicates the presence of non-credit risk in the form of risks associated with the instrument structure.
