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When you get over a year behind in payments is there anything you can do?


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Wiki User
2004-05-21 16:33:03
2004-05-21 16:33:03

Most lenders will freak out if you call, but, what the heck? Call 'em. FROM A PAY PHONE 75 miles away. Better yet, try to get 3500 cash from other sources, then make a payoff offer to the original lender. Goood Luck


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You cannot skip a year even if you made double payments for the first year, the bank considers those payments extra and hopefully you made sure the payments went to the principle, not the interest.

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Seven years. However, they will have less effect as time goes by. For example, late payments over a year old do not harm your credit as much as late payments from last month. Late payments over 2 years old are generally ignored.

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i am a ten year old and the legacy she left behind was if "you follow your dreams you can make anything

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but were behind one payment from the year before?":**** you answered your own question, didnt you? Pay them $5.00 per month on the way behind payment and maybe they will be quiet. LOL

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Anything over 100 is cause for concern, anything over 102 is cause for serious concern, anything over 106 is a medical emergency.

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