Money that a creditor must by law accept in payment for debts is called "legal tender." Legal tender refers to currency or coins that, by statute, must be accepted if offered in payment of a debt. In most countries, this typically includes the national currency, such as the US dollar in the United States. Creditors cannot refuse legal tender for payment of debts, though they may have other agreements in place regarding acceptable forms of payment.
Yes, it is possible for you to refuse a Zelle payment.
Yes, you can refuse a Zelle payment by not accepting it within the Zelle app or online banking platform.
They can refuse any payment offer that is different than the amount specified in the contract. And don't think of the statement that they will garnish 30% of your wages as a threat. It's a warning, but they will need to sue you and get a court order to do it.
Q1) "If I offer to make a payment on this debt can they legally refuse it?" Yes. They are under NO obligation to accept anything less than the original agreed amount. Simply, this means that you originally had a payment plan and breached it. They do not have to accept any other offered plan (or payments). Q2) "I have heard that if a creditor refuses any type of payment on a debt that it was automatically considered paid in full. Is this true?" NO!! NO!! NO!! That is an old 'wives tail' that probably derived from the requirement that payments must be in 'legal tender' and if refused, the debt MIGHT be found as waived. For example, you can pay this debt (in full) in pennies, nickles, dimes, dollars, etc. If the creditor refuses these legal tenders, the debt MIGHT be found to be waived. However, the creditor is NOT obligated to accept less than the full amount, nor in non-legal tender (horses, hogs, chickens, etc.). ....more about it you can visit: http://lawvolunteers.com/law/838/42838-c-collection-agency-refuse-payment.html
Yes ... why would a creditor someone even consider taking a credit card payment from someone who has a history of not paying their credit card bills. Think !!!
Money that a creditor must by law accept in payment for debts is called "legal tender." Legal tender refers to currency or coins that, by statute, must be accepted if offered in payment of a debt. In most countries, this typically includes the national currency, such as the US dollar in the United States. Creditors cannot refuse legal tender for payment of debts, though they may have other agreements in place regarding acceptable forms of payment.
A seller may not refuse final payment in an attempt to repossess.
i am two months behind on my mortgage. can the lender refuse to take one payment?
Yes, it is possible for you to refuse a Zelle payment.
Employers can refuse requests, not subpoenas.
It depends on the terms of the loan contract. * Yes. Once a contract is in default a collector or creditor does not have to accept anything less than the full amount owed.
Money that a creditor must by law accept in payment of debts is known as "legal tender." Legal tender refers to currency that, by law, must be accepted if offered in payment of a debt. In many countries, this typically includes banknotes and coins issued by the government. However, creditors can still refuse certain forms of payment, such as checks or electronic transfers, unless previously agreed upon.
No, the creditor does by having you served. You may be served in person by a process server. If this is not possible. you may be served by certified mail. If you refuse to accept the mail. The creditor can have you served by public notice, often in the local newspaper. If you do not happen to get the paper, or do not see the notice, too bad. It is a legal form of service, and the creditor will receive a default judgment when you do not show for the court date.
Yes, you can refuse a Zelle payment by not accepting it within the Zelle app or online banking platform.
Anytime. In the US, merchants have the freedom to decide on what terms they will do business. That includes deciding what forms of payment they will take.
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.