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Who do you make payments to if the lender has gone out of business?
Wiki User
∙ 12y ago
Give the money to their new provider people.. like if it was AA bank give it to what the new bank is
Hope this helpedd x
***The lender will have put in place a servicing company and you should have received written notification of where to send payments and any other correspondence. If you did not, and if you are still getting statements from the lender, continue to send your payments as instructed on the statement.
Even though they may be out of business, it does not necessarily mean that they do not have a "guardian" over their accounts to make sure that payments are accounted for.
If all else fails, call the Department of Banking and Finance and get the information from them, as they will know who payments should be made out to and where they should be sent- at the very least, they will have a phone number for you to call.***
Wiki User
∙ 12y ago
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If i didn't tell my lender i moved can i get in trouble?
As long as you make your payments the answer is no.
What can the co-signer do if the borrower can't make their car payments?
"""the co-signer do if the lender can't"""????????? New one on me... IF the debtor/signor cant/wont make the payments, the co-signor is obligated to make the payments to the lender. The co-signor can demand/beg/plead/con/coerce the signor to let co-signor have possession of the collateral just like the lender will if the payments dont get made. Does that help?
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ONLY if the lender agrees to doing so. After all, you agreeded to make make payments on the car once before.
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Call the lender you make your car payments to and ask.
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The answer is NO, unless the lender approves of the sale. Contact the lender.
Who is the lien holder of your car?
The lender who loaned you the money to purchase the car and to whom you make the payments.
When a lender takes over ownership of a property from an owner who has failed to make loan payments?
Foreclosure.
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They can repossess your car if you defaulted on the loan. You knew you owed the money and you knew you didn't receive a payment book. It was your obligation to contact the lender to arrange to make your payments. You should seek the advice of an attorney who may be able to negotiate with the lender on your behalf. Not making your payments for your debt on such a technicality is really dangerous.
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How can you lower the principal owed on your mortgage?
You can reduce the principal by making extra payments toward the principal each payment cycle. Ask your lender how best to do it and make certain the amount is deducted from the principal.You can reduce the principal by making extra payments toward the principal each payment cycle. Ask your lender how best to do it and make certain the amount is deducted from the principal.You can reduce the principal by making extra payments toward the principal each payment cycle. Ask your lender how best to do it and make certain the amount is deducted from the principal.You can reduce the principal by making extra payments toward the principal each payment cycle. Ask your lender how best to do it and make certain the amount is deducted from the principal.
