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Will a loan company work out a payment plan with you after they repossess your car?
Wiki User
∙ 16y ago
Almost always. They want you to pay them, they don't want the car. If it hasn't been grabbed yet you might want to voluntarily surrender the car and work out a deal. After it has been repo'ed you are going to have some ugly fines or fees (someone has to pay the repossessor). Best of luck.
Wiki User
∙ 16y ago
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What can you do if the lender repossess your car and they get half of the loan and you cant pay the balance?
The lender will come after you for the remaining balance after the car is auctioned.You can either declare banckruptcy or work out a payment plan...or thelender can seek a judgment to garnish your wages.
Who should you contact in order to consolidate your student loan?
In order to consolidate about your student loan, it would be best to first contact the company that originally granted you the loan. By doing this, it is possible that the company would work out a payment plan with you, in order to avoid the loss of the money in which they loaned out.
What are the steps in acquiring a VA home loan?
First, you should visit a loan officer at your local bank. Depending on your credit rating and the size of loan you can afford, whether you want a fixed rate or variable loan, you should be able to work out a payment plan that is right for you
Is using a debit card the same as securing a loan?
No. A debit card transaction removes money from your checking account. Securing a loan is more complicated, but requires far more paperwork and a payment plan.
What is a car loan payment calculation?
The easy-to-use auto loan calculator helps car buyers plan monthly car loan payments. Calculate car financing and car payments in advance to make a smart decision on how much you might owe each month.
Will they come to repo my boats?
Depending on the person who gave you the loan, there is a real chance that they may attempt to repossess your boat from you. It would be best to try to see if a payment plan can be worked out with your creditor.
What can you do if the lender repossess your car and they get half of the loan and you cant pay the balance?
The lender will come after you for the remaining balance after the car is auctioned.You can either declare banckruptcy or work out a payment plan...or thelender can seek a judgment to garnish your wages.
Who should you contact in order to consolidate your student loan?
In order to consolidate about your student loan, it would be best to first contact the company that originally granted you the loan. By doing this, it is possible that the company would work out a payment plan with you, in order to avoid the loss of the money in which they loaned out.
What is better a student loan or a parent plus loan?
Only a parent can apply for a parent loan. the payment plan for a student loan can be deferred until after graduation. It all depends on who is paying the loan off, the student or the parent
Is there a time limit for repossessing a car?
Unless you have a payment plan figures out with your loan company(I.E. i can pay 100 this month instead of 200) they will usually wait 90 days to proceed with the repossion process.
Selecting the Date for a Student Loan Payment?
Student loans issued from the federal government allow borrowers to select their repayment plan and change it as needed with prior notification to the loan issuer. Not only can borrowers select their repayment plan, but they can also select the due date for their student loan payment and adjust by communicating with the loan issuer. To select a payment due date, borrowers should consider when and how often they get paid as well as the amounts and due dates of their other bills. Borrowers can then determine the best time of the month to schedule their student loan payment based on when they are most likely to have available funds.
Can a company have your car towed if you made a payment plan with them?
If you don't honor the payment contract, yes. Remember, until you pay it off, THEY own it.
What are the steps in acquiring a VA home loan?
First, you should visit a loan officer at your local bank. Depending on your credit rating and the size of loan you can afford, whether you want a fixed rate or variable loan, you should be able to work out a payment plan that is right for you
Is using a debit card the same as securing a loan?
No. A debit card transaction removes money from your checking account. Securing a loan is more complicated, but requires far more paperwork and a payment plan.
Does working out a payment plan with your credit card company affect your credit score?
It shouldn't - because working out a payment plan shows that, even though you're in financial difficulty, you're still willing to settle your account.
How are amortization schedules helpful?
Amortization schedule shows the gradual payment of a loan over it's live time. Amortization helps to plan your payments. With a fixed payment, it will show when the loan will be fully paid. To payoff earlier, you will need to figure our how much to cover both principal and interest
When would you need to do a business plan?
Usually, a business plan is needed, when a company is requesting a loan, or approaching investors. However, you should write a business plan, if you are serious about your business and you want to have a tool to check your progress and evaluate the viability of your company.
