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What happens to your credit when the car is returned because neither party can pay the note?
Wiki User
∙ 12y ago
It's noted on your credit score that you were unable to make payments/late payments. It just looks very bad. Avoid taking out a car loan on a car you can't afford.
Wiki User
∙ 12y ago
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What happens to a bank loan when a person dies?
If the loan is secured, then the collateral is returned to the bank. If the loan is unsecured, like a credit card, then the bank submits the balance to the estate of the deceased.
What is mean by credit return?
A credit return is when you get your funds returned to you after already paying for something. Credit returns are also sometimes called refunds.
Is furniture and fixture debit or credit?
Neither, it is an object
What does in credit mean?
It means they owe you. Either, you made an overpayment or the merchant gave you credit for something returned :p
What happens if a creditor sues you and you cannot pay because you do not have a job?
this site will answer your queries on credit problems www.failuretopaycreditcard.blogpsot.com
What happens to credit card upon death in regards to the heirs?
The credit card should be returned to the credit card company or destroyed and the company should be notified immediately of the death so the account can be closed.
If the judge said you don't have to come back to court if you settle a judgment amongst yourselves and neither party returned to court did they still have the right to put the judgment on your credit?
If the judge told you this information then it should not be on your credit report. You may want to get something in writing from the other party to send to the credit bureau in case it happens to appear on your file. With documentation, you should be able to have it removed quickly.
Can a car be reposessed with out notice even if you have a cosigner?
If you believe neither of you have received notice, then request proof from the lender. This doen't mean that just because neither of you signed for the notice that you can say it wasn't received. If they can show that it was mailed and returned...it was enough. They tried. Have you talked with the cosigner, because this will be on both of your credit reports. If they don't have any proof.. get an attorney. Good luck
A credit memorandum is prepared when?
goods that were sold on credit returned
If you buy an item on a credit card pay off balance on credit card then take item back to store what happens?
It depends on the store's return policy,but in most cases your credit card gets credited with the amount of the returned item.
What do parentheses mean in a account balance?
That means that you have a credit on your account. So you don't have to pay anything to the credit card company because you paid too much, or you got a credit for something returned.
Do you have to supply ssn to credit card companies?
No, but neither do they HAVE to extend you credit.
How are refunds commonly returned to customers?
Refunds are commonly returned to customers in the same method that the customer paid for the merchandise. If one paid with a credit card, then a credit is added to the credit card. If a customer does not have a receipt, the refund is usually issued as a store credit.
What happens to a bank loan when a person dies?
If the loan is secured, then the collateral is returned to the bank. If the loan is unsecured, like a credit card, then the bank submits the balance to the estate of the deceased.
Returned damaged goods to supplier- what debit and credit account?
When you have returned damaged goods then you will need to credit accounts receivable and debit accounts payable. This will decrease your revenue for the account.
What is mean by credit return?
A credit return is when you get your funds returned to you after already paying for something. Credit returns are also sometimes called refunds.
Is furniture and fixture debit or credit?
Neither, it is an object
