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Some lenders will allow more than one deferred payment as long as it has been at least twelve months since you last deferred. There is a little more flexibility if your car is financed through your bank and not a "shotgun" company from the dealership. It would be best to call them and explain your situation and ask for suggestions. They might consider refinancing your car or letting you pay a little extra on your next few payments to make up for the one missed.

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19y ago

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When was Payment Deferred created?

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To record a deferred payment, first, create a liability account to recognize the obligation to pay in the future. When the payment is initially recorded, you would debit the appropriate expense account and credit the deferred payment liability account. When the payment is made, you would debit the deferred payment liability account and credit cash or accounts payable. This ensures that the expense is recognized in the correct period while reflecting the liability until payment is completed.


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What is a Arrangement for deferred payment for goods and services?

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What are the release dates for Payment Deferred - 1932?

Payment Deferred - 1932 was released on: USA: 7 November 1932 USA: 2 August 1939 (re-release)


What is the opposite of advance payment?

The opposite of advance payment is a deferred payment. In a deferred payment arrangement, the payment is made after the goods or services have been delivered or rendered, rather than upfront. This can allow buyers to receive the product before committing to payment, often used in credit or installment agreements.


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How will a deferred payment look on your credit?

If it is a student loan, there will be a statement on the credit report. It will also show the date that payments were deferred.