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Generally you have a few days to change your mind. It is called buyers remorse. Check your contract.

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Q: What is a cooling off period on credit agreements?
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What is a revolving credit agreement?

A revolving credit agreement is a legal contract between a lender and a borrower whereby the lender agrees to lend up to a certain amount to the borrower for some period of time. The borrower agrees to make minimum periodic payments during the time that the revolving credit agreement is in force and pay off any balance due at the end of the contract period. Many revolving credit agreements automatically renew after the agreed period (unless the credit circumstances for the borrower have radically changed). An example of a revolving credit agreement is the credit card. A credit card has a credit limit ("up to a certain amount" or "maximum"), an expiration date ("some period of time") and minimum payment requirements ("minimum periodic payments"). Most credit card agreements are renewed before the original agreement (the card) expires.


What is payment period?

Average Payment Period is the total opposite of the Average Collection Period. This is the average time taken by the company to pay off its credit purchases.Formula:APP = Accounts Payable / (Annual Credit Purchases / 365)


How hard is it to get a home loan with a charge off on your credit file?

You can get a home loan with negative items on your credit report. Provided that most items are paid off and those that aren't have payment agreements with the collection agency. As long as your credit isn't too terrible, you can in most cases receive a home loan. But, you will pay for it with a higher interest rate.


What is it called when you pay off your credit cards monthly?

If you are referring to the monthly payments you make for a certain period in connection to a credit card loan, it is called monthly amortization.


What is a credit card grace period?

A "grace period," is an interest exemplary (interest-free) period. You can avoid paying interest on your credit charges if you pay off your credit card balance in full within this period. Not all credit cards offer a grace period, Knowing whether you have a grace period is especially important if you plan to pay off your account in full each month. Without a grace period, the issuer may impose a finance charge from the date you use your card, or from the date each transaction is posted to your account. If your card includes a free period, the issuer must mail your bill at least 14 days before the due date so you'll have enough time to pay.

Related questions

Does California cooling off period apply to pre nuptial agreements?

No.No.No.No.


What is meant by a cooling off period?

A cooling off period is an amount of time used to consider the terms of a loan or some other credit agreement. This cooling off period is protected by the law and is a right of every citizen.


Does Texas have a cooling off period law for credit card purchases?

NO.


Is there a cooling off period for car loan agreements?

Cooling off period applies to purchases of new and used cars where the purchase is financed by a linked credit arrangement. The changes to the Consumer Credit Act (CCA) 2006 last month are something brokers and lenders should have been ready for, although only time will tell how well they actually serve the market. The key change has been the abolition of the financial limit surrounding loans that come under the jurisdiction of the CCA. The 25,000 limit has now been eliminated and all loans are now in the scope of the legislation.


Can you return your financed car back after 14 days?

No, because there is a "No Cooling off period in CA". No, because there is a "No Cooling off period in CA".


What is Minnesota's cooling off period law on used vehicle purchase?

NO The cooling off period does not apply to any kind of Auto sale


In new york does the three day cooling off period apply to cars?

NO, no, no. This is a myth. The cooling off period never applies to the purchase of an automobile in any state.NO, no, no. This is a myth. The cooling off period never applies to the purchase of an automobile in any state.


Can I Return new car within three days?

NO. There is no cooling off period on the sale of automobiles. You bought it and you own it.NO. There is no cooling off period on the sale of automobiles. You bought it and you own it.


Can you return camper to dealer?

For a refund? NO! This type purchase does not qualify under the Cooling Off Period Law.For a refund? NO! This type purchase does not qualify under the Cooling Off Period Law.


Did Charles Manson ever had a cooling off period?

He had several cooling periods. He commited crimes since in its teen years and periods between them is a cooling period.


Iowa cooling off period?

When you file for divorce in Iowa, you have a cooling off period of 90 days that you have to wait before your divorce can be final. The waiting period starts from the original notice date.


Is there a cooling off period after marriage Australia?

No. There is no "right of rescission", or cooling off period, where a legal marriage is concerned. If you want to end the marriage you must do so by divorce.