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What else can I help you with?
Can a company repossess your vehicle if your payments are up to date?
Not legally, but if you bought the car from Barney's backyard sales & mower repair, maybe.
Can a used car dealer repossess a car that is not in delequent of payment?
No, and why would they? If the payments are up to date and have been made on time, there would be no reason for the dealer to repossess the vehicle.
Can a finance company repossess my car if I am only one week behind in car payments?
Typically, yes. Unless you have it in writing that they will change your payment date, or accept a later payment, they can repossess your car for being only a day late on your payment. However, most companies will not repossess this early as it usually ends with them losing money. They make more money by you paying your monthly payments plus interest. In the long run, if they repossess they have to sell the car at wholesale or auction and typically the person whose car was repossessed does not pay the balance due. This whole process takes a lot of time and money. Usually your finance company will avoid repossession until it is a last resort. Buy here pay here places aren't so nice however. In the end, legally speaking, the answer is yes.
What is the difference between CD interest at maturity and monthly interest payments?
CD interest at maturity is the total interest earned on a certificate of deposit when it reaches its maturity date, while monthly interest payments are the interest earned and paid out on a monthly basis.
Can they repo a car once you have paid up to date but still owe 7000?
If you are up to date with your repayments then the finance company are unable to repossess your vehicle. If you have defaulted on your payments then they are able to repossess the car, the number of missed repayments which qualifies for repossession will be stipulated on the agreement you signed when you first purchased the vehicle.
How can one lower credit cards monthly payments?
The best way to lower one's monthly credit card payments is calling the card issuer and explaining why one wishes to lower the rate. Depending on the creditor they may extend the due date.
Can a bank repossess a car if they continue to take payments?
YESIFyou are not up to date, if you are behind on your payments they can repossess at anytime. In most loans, there's a statement about late and/or partial payments that basically says the bank can take them but isn't obligated to do so and that taking one late or partial payment does not mean that they have to continue to do so.So, if you owe $200 a month, and pay $100, the bank can accept that and still repossess the car. They do have to credit the $100 towards the loan.Also, banks are usually allowed to repossess for habitually late payments. Most of the time a bank will consider this to be more hassle than it's worth as long as you're eventually catching up, but if you're chronically making payments several weeks late, they might at some point decide "this guy is a flake, we should get out of this deal while we still stand some chance of recovering our money."
What is auto debit?
An arrangement that authorizes your monthly loan payments to be deducted automatically from your bank account (usually a checking account) on a given date each month.
What exactly is a loan auto calculator?
An auto loan calculator helps in figuring out the amount of the monthly auto loan payments and the paid-off date if all payment are made, based on the auto loan amount, term, interest rate, and start date. It can also help figure out how extra payments change the paid-off date.
What does 1111111 mean on your credit report payment history?
means your up to date with your monthly payments in the past 7 mths (past) 1111111 (present) if you have a 2s or 3s in the series of numbers ... ie) 111231121 it means you have been behind with your monthly payment that paticular month. 1s mean paid monthly payment on time 2s mean 30 days (missed one payment) 3s mean 60 days (missed two payments) 4s mean 90 days (missed three payments)
What is a bill closing date?
The bill closing date is the specific date when a billing cycle ends, marking the cutoff for charges that will appear on the next billing statement. It typically occurs monthly and is important for consumers to know, as it determines the period for which they are being billed. Any transactions or payments made after this date will be reflected in the following billing cycle. Understanding the bill closing date helps individuals manage their finances and avoid late payments.
What date do you legally have to turn heat on?
What date do you legally have to turn heat on in NJ?
