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Yes. Once a contract has been defaulted on, the creditor has no legal obligation to accept any payment other than that which was agreed on in the original contract or subsequent agreement.

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18y ago

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What does credit cards processing mean?

Credit card processing describes the payment and acceptance of a credit card for payment of goods and services. The merchant usually sends the credit card number to the issuing company through an electronic terminal. The issuing company then sends a code back instantly either allowing payment to be received or declining payment.


Why can't you get a detail Billing statement from a collection agency?

You can, but not directly from them. The debt collector is the agent of the original creditor and does not likely have all records of the debt or contract. The collector, as the agent of the creditor can go back to the creditor and request a reconciliation of payments and history, and will in fact be required to so that it van be verified if you notify the collector in writing that the debt is invalid due to payment or some other reason.


If you owe back taxes and are on a payment plan will you still get your federal income tax return?

efiled for2011 but owe back taxes from 2009..payment plan is due august 2011..can the back taxes be deducted from payment estimated to be directly deposited by july 4 2012 without delaying deposit?


If a debt has been paid to the original creditor and they recall it from their collection agency will a dispute succeed in having it removed from the credit report?

Hard to say. Disputing the collection after you pay off the creditor could still come back as 'verified' from the credit bureaus simply because the collection did happen. If the collection agency does not respond to the credit bureau's query, then the entry will be removed.


If you filed an amended return to claim your two children can you still get the 600 stimulus payment or do you have to wait and file on 2008 return?

Oh, dude, you're all good! Filing an amended return won't affect your stimulus payment eligibility. As long as you meet the requirements for the stimulus payment, you should still receive it. So, no need to stress about waiting to file on your 2008 return. Just sit back, relax, and let the money come to you!

Related Questions

What is a back payment?

A back payment is an overdue payment from a debtor to a creditor on money owed.


What to do if you mortgage holder sends your payment back and because they did it puts you in foreclosure?

get an attorney.


Are you responsible for payment if after using a credit card but the creditor never sent a statement?

if you ignore your obligation, it will eventually come back to haunt you


What does credit cards processing mean?

Credit card processing describes the payment and acceptance of a credit card for payment of goods and services. The merchant usually sends the credit card number to the issuing company through an electronic terminal. The issuing company then sends a code back instantly either allowing payment to be received or declining payment.


Can you drop off a motorcycle at the dealer if the creditor wont take it back?

If the creditor will not take it back in lieu of the money owed then you need to sale the bike and pay them their money. Unless the dealer is willing to buy the motorcycle you will still owe the money. Not every creditor will do a voluntary repossession.


Does your ex still cares if he sends mixed signals?

Yes, because he wants you back!!!!


What is difference between auto data entry and manual data entry?

This is from my experience in Remittance processing or Payment processing - A company sends a statement for payment to a customer, the customer in turn sends back statement with payment for credit to their account. The statement has scan line that has OCR characters with the customers account number and amount of payment due that is readable by a data entry machine. When the customer sends payment that matches the amount due exactly, those payments can be processed by machine as an automatic entry reading from the scan line and without having to be keyed manually key entered on a ten key pad by an operator. These payments are processed in batches. Manual entry is when a customer sends a payment that is different from the amount due on the statement, an operator has to manually enter that payment into the data entry machine using a ten key pad. These payments are also processes in batches.


Why can't you get a detail Billing statement from a collection agency?

You can, but not directly from them. The debt collector is the agent of the original creditor and does not likely have all records of the debt or contract. The collector, as the agent of the creditor can go back to the creditor and request a reconciliation of payments and history, and will in fact be required to so that it van be verified if you notify the collector in writing that the debt is invalid due to payment or some other reason.


If you have paid a payment and the finance company accepted it but still sent the repo man for your car can you get your last payment back?

NO, you owed it, you sent it in and its gone now. sorri


If you pay the same bill twice using your debit card can you get your money back?

yes you can, if there are no outstanding payments. otherwise, your creditor might apply the second payment towards the outstanding debt. that is the easy way out for them.


If you owe back taxes and are on a payment plan will you still get your federal income tax return?

efiled for2011 but owe back taxes from 2009..payment plan is due august 2011..can the back taxes be deducted from payment estimated to be directly deposited by july 4 2012 without delaying deposit?


Can furniture be repossessed if payment has not been made in 6 months but you start back making payments?

Yes, furniture can be repossessed if you start making payments again after 6 months, especially if the missed payments are not caught up. The creditor can refuse the payment if court proceedings are already in progress.