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What does it mean when Final payment is written on a check?
When final payment is written on a check, it means in the debtor's eyes, this is the final payment. Other than that, it is not a legally binding statement and they may still owe money and money can be collected from them.
Do you have the right to request proof of the remaining balance of your contract because your last payment is due and is different from the contract?
Do you have the right to request proof, or substantiation how the balance was calculated? It depends upon the contract. While many companies find it prudent to deal with their customers openly, they often do so out of customer support reasons as opposed to contractual reasons.You can request records of your payment history and your outstanding balance, but unless your contract states they must provide it, you do not have the right to demand it. If there is a disagreement concerning the final balance, and you have all the records and documents to prove your final balance calculation, then you have several options:1 - Call them on the phoneStart with a phone call. Talk to them politely - never raise your voice or use profanity. Treat them the way you would like them to treat you. This is important if you need to prove later that you acted reasonably. Keep detailed written records of all your converations.2 - Offer a final payment.If you cannot come to a settlement over the phone, then send a cheque to the lender in the mail, and write very clearly on the cheque "FINAL PAYMENT FOR ACCOUNT". Attach a letter to the cheque explaining that, according to your calculations (you do not need to include your original records), this payment will clear the oustanding balance in your account. Further state in your letter that, by accepting this cheque, notwithstanding any provisions set out in the contract, the lender agrees that the attached cheque shall be the final payment required for the account. Photocopy both the signed cheque and signed letter for your own records before mailing it..Many companies deposit cheques before reading attached letters (at their own peril), so there is a good chance the company will deposit the cheque. If the lender demands subsequent payment, you will be on solid legal ground to refuse further payment. Even if the lender refers the matter to a collection agency, most collectors will acknowledge they have no means to collect after you send them photocopies of your copies of the checque and letter.3 - Pay their amountIf it is a trivial difference (a few dollars), then it might just be easier, and less costly, to pay the amount they say you owe.Do you homeworkYou must confirm that they received every payment exactly on or before the due date in full. If even one payment was made a day later (1st of the month on a Sunday, paid on Monday), a bit extra interest accrued that month and therefore a bit less principal was paid. If you paid on-line, sometimes the payment transaction takes days before the money actually arrives in the lender's account, and you can thus be charged for late fees even though you initiated the on-line transaction before the due date..From that point on, the interest is accruing on a slightly higher balance than the prediction and the final payment will be more. If you make a habit of paying as late as you can without a late charge (often 10 or 15 days), it can make a substantial difference in the final amount due. And of course, if you were even later with payments, there are probably late charges that were "deferred" and due at payoff.
What are the release dates for Final Payment - 2012?
Final Payment - 2012 was released on: USA: 12 August 2012 (Festival)
How do you make sure final payment of lease is final payment?
To ensure that the final payment of a lease is indeed the final payment, review the lease agreement carefully to confirm all obligations have been met, including any additional fees or charges. Obtain written confirmation from the lessor stating that the final payment settles all dues. Additionally, keep a record of all correspondence and payment receipts for your records. Lastly, consider requesting a written release from the lessor once the payment is made to formally close the lease.
Do you get all the money if you sell things on eBay?
No. eBay takes a cut of every sale (the final value fee), which is how they make money. Then payment services, such as PayPal, also take a small fee.
How much of an over payment of a final payment can lenders keep?
Normally if there has been an overpayment relating to a loan or contract, the entire amount overpaid should be returned to the person. The lender has no rite to any money above that contracted.
What term refers to a large final payment due at the end of a loan?
Balloon Payment
What terms refers to a large final payment due to the end of a loan?
Balloon payment
WHAT IS THE Consent of surety company for final payment?
The consent of surety to final payment is issued by the surety company at the end of a project. The consent states that the owner reserves their right under the bond and the surety company agrees the final payment will not relieve them of any of its obligations.
What is consent of surety final payment from bond?
The consent of surety to final payment is issued by the surety company at the end of a project. The consent states that the owner reserves their right under the bond and the surety company agrees the final payment will not relieve them of any of its obligations.
What are the release dates for Final Payment - 2006?
Final Payment - 2006 was released on: USA: 30 September 2006 (Chicago International Reel Shorts Festival)
What is the final payment you have to pay for your mortgage?
Call your lender; they will give you the exact amount of your last payment.
