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What else can I help you with?
How long does a company have to wait to repossess a vehicle?
This would be determined by the terms of the loan agreement and the applicable local laws. Within the loan agreement there should be reference to the action that can be taken to repossess the car should non-payment arise.
What are payment terms 1 percent 15MF?
Payment terms of 1 percent 15MF indicate that a buyer can receive a 1% discount on the invoice total if payment is made within 15 days from the invoice date (the "15" refers to the number of days). The "MF" typically stands for "month following," suggesting that the payment terms are based on the month following the invoice date. If the payment is not made within the discount period, the full amount is due at the end of the agreed payment term.
Why is it important to provide information in the required format and within agreed time-scales?
Why is it important to provide information in the required format and within agreed timescales? Why is it important to provide information in the required format and within agreed timescales?
In which city is the Volvo dealership located in Australia?
There are many cities in Australia that have a Volvo dealership. Sydney, Australia is one of the many cities in Australia that have a Volvo dealership within the city limits.
What is non payment of debt?
Non-payment of debt refers to the failure to repay an owed amount within the agreed-upon time frame. This can result in penalties, damage to credit scores, and legal action from the creditor to retrieve the owed funds. Persistent non-payment can lead to more severe consequences such as asset seizure or bankruptcy.
Can a bank refuse a payment on a auto loan?
Absolutely. There are other reasons other than a late payment for a bank to repossess your car. Cancelled insurance or a big drop in your FICO score. If you seem like a credit risk to your bank all they have to do is wait for you to become delinquent once and they have the legal right to default the loan and get the asset back. At that point they can refuse payment and keep the vehicle in most states. The only way is to pay off the full amount of the loan within 10 days.
How long does a dealership have to notify that they can not get you financing?
A car dealership does not have a certain length of time to tell you. It is better business practice to do so when they tell you they will, within a reasonable period of time.
How do I reject a Zelle payment?
To reject a Zelle payment, you can simply decline the payment request or transfer within your Zelle app or online banking platform.
If you can't make full payments on your car but do attempt to pay by making reasonable payments can it be repossessed?
Yes. It is an absolute fallacy that a creditor/lender has to accept any payment other than the full amount that was agreed upon in the original contract. Many consumer's are under the impression that as long as they make a payment of some type to a credit card issuer or lending institution, respossession or legal action is not possible; that is totally false. As soon as a borrower misses a scheduled payment the contract has been defaulted on and unless there is a "grace" period, the creditor can take any action deemed necessary. Additonally, the lender can continue to accept lesser payments and apply them to the interest and penalty fees and be within their legal rights to file a lawsuit, repossess a vehicle or begin foreclosure proceedings.
I owe 4 payments on a car but the total left on the car is more than the 4 payments the bank said that it is like that because of late payment fees can they repo if i pay just the 4 payments.?
Late payment fees are agreed upon by you when you sign the finance contract, yes you owe the additional money as long as their addition of the fees is within the guidelines stated in the contract.
How can I deny a Zelle payment?
To deny a Zelle payment, you can simply decline the payment request or transaction within the Zelle app or through your bank's online banking platform.
How can I reject a Zelle payment?
To reject a Zelle payment, you can simply decline the payment request or transfer within the Zelle app or through your bank's online banking platform.
