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Are there any legal considerations to keep in mind when selling a car to a friend and allowing them to make payments?
Yes, there are legal considerations to keep in mind when selling a car to a friend and allowing them to make payments. It is important to have a written agreement outlining the terms of the sale, including the payment schedule, interest rate (if any), and consequences for missed payments. Additionally, you should transfer the title of the car only after the final payment has been made to protect yourself from any potential disputes or liabilities.
What else can I help you with?
What is the risk to you if you co-sign for a friend's credit card and they are unable to make payments?
If you co-sign for a friend's credit card and they can't make payments, you are legally responsible for the debt. This can damage your credit score and financial stability.
How can I send recurring payments to friends?
You can send recurring payments to friends by setting up automatic transfers through your bank's online banking system or using a peer-to-peer payment app that offers this feature. Just enter your friend's information, the amount, and the frequency of the payments, and the system will handle the rest.
How can I set up recurring payments to friends?
To set up recurring payments to friends, you can use a peer-to-peer payment app or online banking platform that offers this feature. Simply input your friend's information, set the payment amount and frequency, and authorize the recurring payment. This allows you to automatically send money to your friend on a regular basis without having to manually initiate each transaction.
How can I set up PayPal recurring payments to friends?
To set up PayPal recurring payments to friends, log in to your PayPal account, select "Send Request" and then choose "Set up a recurring payment." Enter your friend's email address, the amount, frequency, and duration of the payment, and complete the setup by confirming the details.
Assuming a loan payment from a friend what do you need to tell the lien holder bank do you need to qualify for their loan?
Yes. You need to go in with your friend and assume the loan so that it appears with your name on it rather than your friend. If you just take over payments without making it legal, then she can take the car when you are done paying it off and there would be no legal recourse.
Can you repossess a car you were selling to a friend but they are refusing to make payments for it except for one when you still have the title?
I wouldn't see why not if there not living up to there end of the deal and its still in your name then its still your car.
Laws on selling a vehicle to a friend?
The same as are applied to selling it to anyone else.
If a you sign for a car for your friend and they don't make payments on it and its in your name can you sue your friend?
i am not sure and you need to call a lawyer
What is the risk to you if you co-sign for a friend's credit card and they are unable to make payments?
If you co-sign for a friend's credit card and they can't make payments, you are legally responsible for the debt. This can damage your credit score and financial stability.
When you gave your friend a 50 bill for an iPod you used money as a?
When I gave my friend a $50 bill for an iPod, I used money as a medium of exchange. This transaction facilitated the transfer of value, allowing me to acquire the iPod while my friend received currency in return. Money serves as a convenient method for buying and selling goods and services, simplifying the process compared to bartering.
Can you repossess a car that is under your name from a friend who is always late on the payments?
Yes, it is your car.
How can I get auto insurance and the car title in my name if I am making payments on a vehicle that my friend is selling to me but is still making payments on?
1st you will need to take yourself to the insurance office and get insurance in your name...you can tell the agent you are buying the car and have to have insurance in your name before the transfer is done. Then you take the title completed by you and your friend and the form 130u completed by you and your friend to your local tax office. Your friends name will be filled in in the box that asks for the lienholders information. This will allow you to have a title issued in your name but it will go to your friend until you pay them off. After which, they can sign to release the lien and there you go...it protects everyone. If you have any questions please call 2815363857 or email me at tishafranks@aol.com
You got a personal loan in your name and the money was to help a friend out the loan company wanted collateral friend put her car title up but defaulted I paid the loan in full and have her title?
Laws governing property differ from state to state. In general, however, you don't automatically own her car by paying off the loan. You would probably need to have made an agreement with the friend, verbally or better, in writing, at the time of the loan or at the point you began making the payments. If you didn't do that, you are probably out of luck. You can sue the friend for the amount of the payments you made or you can sue your friend for the car; I hope you have documentation of those payments, you will need something to show the payments you made.
What is the best way to treat a close friend whose been selling you out?
A friend that is selling you out or back stabbing is no friend and you would be wise to confront this person with what you know and end the friendship. Trust in any relationship is extremely important and if that bond of trust is broken then it is difficult to get it back.
What myth is friend of the devil by grateful dead referring to?
"Selling your soul to the Devil"
What myth is friend of the devil by grateful dead related to?
"Selling your soul to the Devil"
Is my friend Allen ever gonna wanna stop selling cocoincu to his friends ps I don't buy his cocoine?
Is my friend Allen ever gonna wanna stop selling cocoincu to his friends? ps I don't buy his cocoine!!!!!!!!
