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You have paid your car payments but have late fees can they repossess the car?
Wiki User
∙ 18y ago
Yes, late fees indicate that payments were not made on time, which renders the original agreement invalid and allows the lender to repossess the vehicle if they so choose.
Wiki User
∙ 18y ago
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Is it legal for the finance company to repossess your car for late fees even though the loan is paid in full?
Yes, the loan is not paid in full if there are unpaid lates fees
When can a bank repossess someones car?
When the owner defaults on the loan payments
Are late fees paid by a tenant considered income?
jfc
If a car is in your name as the primary but your cosigner has been making payment for the last year and many of those payments have been paid late can you legally take that car from the cosigner?
Since the cosigners isn't paying, unless you start paying instead, and catch up on all late payments, the dealer or the bank will repossess the vehicle shortly anyway, so your question is moot.
How long paid delinquencies remain on your credit?
A delinquency usually refers to an account with late payments. The late payments report on the account for 7 years.
What if your mother passed away in New York do you continue to pay the mortgages before the will goes through probate?
You should discuss this situation with the attorney who is handling the estate. If the payments aren't paid the mortgage will go into default and there will be resulting late fees and, possibly, legal fees.
Can a person in Texas repossess a car if she is making payments but is not on the car title and feels that she has already paid enough into the car?
Sure, you just lose the car.
Can unpaid late fees be reported on credit report even after loan is paid off?
They are allowed to add late fees to balance-meaning if they are unpaid it's not paid off. And even when everything is paid off, the credit report will reflect that a loan and late fee charges were reported, paid, and then updated to show a zero balance. This information will stay on your credit report for seven years.
What are deferred payments?
Putting off payments until the end of a loan or to be paid over the course of the remainder of the loan. This will not effect the balance of the loan but there may be fees for not paying on time.
Are late fees paid and then the regular charges?
When receiving payments, most lender agreements ("Terms and Conditions") specifically state that fees are the first to be paid from any payment unless there is a clause which allows the payer to dictates how the payment is to be applied to their account.Credit cards, personal loans and other unsecured installment loans always apply a payment to the fees first (for revolving credit, the late fee is always added to the computed minimum payment to be sure that the lender is appropriately compensated for risky actions made by the borrower).
Does Capital One offer a Visa card without interest?
Capital One offers pre-paid Visa cards that you are able to load money on yourself and then make payments. The beauty of this is that you do not have interest, and if you don't make a payment on time, you do not have late fees.
Repossession of kitchen cabinets?
There are some companies that will repossess kitchen cabinets if they are not paid for. If the cabinets are not paid for then the company can either repossess or take the owner to court.
