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Cure whatever terms you were in DEFAULT(ins,ect) of. The LENDER can tell you exeactly what they require.

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โˆ™ 2004-10-22 00:07:54
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What is forfeiture

Which of these is the best description of delinquency

Which term is defined as property that is pledged as security on a loan

This is Paula's monthly budget What percent of her expenses is spent on insurance

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Q: What options are there for a car that has been repoed even if the monthly payment was made on time?
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Lower Your Payments?

Most banks and car dealer websites have an auto refinancing calculator that customers can use to recalculate their monthly payments. If you have been making more than the required monthly payment, you can most likely get your monthly payment lowered. The interest may be the same or a bit lower if you have been on time with your payments. Be sure to enter all of the information into the calculator correctly so that you have the most accurate payment information.

What is a payment calculator loan?

A payment calculator loan is a loan where the monthly payment that is due each month has been calculated. Depending on what type of loan it is, you may have to start paying now, or you may have to pay later.

Who do you call if your car has never been repoed and should have been?

The institution that has a lien on the vehicle.

You had a credit card with Household Bank that went into collection you've been paying the collection company every month for 2 years but your balance keeps going up what can you do?

What is the Annual Percentage rate set at? Are you making more than the minimum monthly payment? Is the collection agency charging any monthly fees? If you are making a $10.00 a month payment and the finance charges are $8.00, only two dollars is being applied to wards the balance, each month. Check to see how much of your monthly payment is going to the finance charges and then increase your monthly payment to cover the minimum monthly payment and finance charges.

Your car is not on record as having been repoed?

there is no reason for it to be on record, if you are a buyer

What does 1111111 mean on your credit report payment history?

means your up to date with your monthly payments in the past 7 mths (past) 1111111 (present) if you have a 2s or 3s in the series of numbers ... ie) 111231121 it means you have been behind with your monthly payment that paticular month. 1s mean paid monthly payment on time 2s mean 30 days (missed one payment) 3s mean 60 days (missed two payments) 4s mean 90 days (missed three payments)

If you have been contacted for the remaining balance and set up a payment plan what are your options if you are unable to commit to the plan?

Your options are to be sued for judgement, or file Bankruptcy or PAY. Fairly simple plan.

Can you pay the late payment and get your car back within 14 days of it being repossessed?

In some states under some conditions, YES. It depends on how many times you have been late, repoed, in default, the terms of the contract you signed,ect.

Reading an Amortization Table?

Amortization tables are used to help customers who have a loan see how the loan is progressing. An amortization table is normally used for mortgages. An amortization table can help you see how much of your monthly payment goes towards the principal of your loan. This type of table can also help you see how much of your monthly payment goes towards the interest that your loan accumulates.The Monthly Payment Column on an Amortization TableThe monthly payment column is the column that shows you how much money you have to pay every month. Most loans feature monthly payments that do not change throughout the length of your loan's term.The Principal Paid Column on an Amortization TableThe principal paid column on an amortization table is the column that tells you how much of your monthly payment goes towards the amount of money that you borrowed and now owe to the lender. At the start of your loan, your principal payments will be pretty small. You make small monthly payments at the beginning of your loan because there is more interest at the start of the loan. Once the amount of money that you owe gets smaller, more of your monthly payment will go to the principal.The Interest Column on an Amortization TableThe interest column shows you how much of your monthly payment is going to the interest that has accumulated on your loan. The amount of interest that is taken out of your monthly payment is higher because most of you owe has not been paid back yet. As your overall balance gets smaller, your monthly interest payments will decrease as well. You can figure out how much of your payment goes to interest by multiplying the interest rate by the loan's outstanding balance.The Balance Column on an Amortization TableThe balance column tells you how much of the loan you still need to pay to your lender. You can determine how much of your loan you still need to pay by subtracting your monthly principal payment from last month's balance.

Do a payment?

''Doing a payment'' is to express completing a payment. '' payment is done '' means it has been completed.

What is the Definition of non payment?

A due payment which has NOT been paid!

What does it mean when your mortgage company says your taxes have been impounded?

This means that the mortgage company has included your taxes as part of your monthly payment. They take a portion of your payment every month, hold it in an account called an escrow account, and then disburse it according to the requirements of the county that your property resides in.

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