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Can a debt collector take legal action when you are making regular payments and they have ceased accepting installments?
If you have a written agreement from the collection agency specifying the terms of your repayment plan and you have fulfilled (and are fulfilling) those terms as specified in the agreement, they probably cannot. If the collection agency is empowered by the original creditor to file suit and you do NOT have a written agreement from the collection agency as specified in paragraph one (1) above, they probably can. The laws of your state will prevail.
What else can I help you with?
What is an amortization?
Amortization is paying off of debt with a fixed repayment schedule in regular installments over a period of time. Most people encounter amortization with mortgage or car payments.
How do you pay off a HELOC?
To pay off a Home Equity Line of Credit (HELOC), you can make regular payments towards the outstanding balance, either in full or in installments. You can also consider making larger payments or paying off the entire balance at once if possible. It's important to check with your lender for specific instructions on how to pay off your HELOC.
Do SLAs pay earnings in regular installments to their members but continue to finance homes and charge interest?
true!
What are the types of installment debt?
Installment debt refers to loans that are repaid over time through regular payments or installments. Common types include personal loans, auto loans, mortgages, and student loans. Each of these loans typically has a fixed repayment schedule and interest rate, allowing borrowers to plan their payments over the life of the loan. Installment debt contrasts with revolving credit, such as credit cards, where the borrowing limit can fluctuate.
What is regular payment called?
Regular payments are typically referred to as "recurring payments" or "automated payments." These payments occur at set intervals, such as weekly, monthly, or annually, and are commonly used for subscriptions, loans, or utility bills. Recurring payments can be automatically deducted from a bank account or charged to a credit card, providing convenience for both consumers and service providers.
What is an amortization?
Amortization is paying off of debt with a fixed repayment schedule in regular installments over a period of time. Most people encounter amortization with mortgage or car payments.
Why does federal government collects income taxes in installments rather then waiting until the end of the year?
The federal government collects income taxes in installments, primarily through withholding and estimated tax payments, to ensure a steady flow of revenue throughout the year. This system helps manage cash flow for government services and obligations, reducing the risk of budget shortfalls. Additionally, it makes tax payments more manageable for individuals, preventing a large financial burden at the end of the tax year. Collecting taxes in installments also helps minimize the risk of non-payment, as taxpayers are less likely to default on smaller, regular payments.
What is SLAs pay earnings in regular?
INSTALLMENTS to their members, but continue to finance homes and charge interest.
How do you pay off a HELOC?
To pay off a Home Equity Line of Credit (HELOC), you can make regular payments towards the outstanding balance, either in full or in installments. You can also consider making larger payments or paying off the entire balance at once if possible. It's important to check with your lender for specific instructions on how to pay off your HELOC.
Do SLAs pay earnings in regular installments to their members but continue to finance homes and charge interest?
true!
Describe how errors can rise when accepting cash payments at the till and explain how these can result in losses?
Errors in accepting cash payments at the till can arise from miscounting cash, giving incorrect change, or failing to accurately record transactions. These mistakes can lead to discrepancies in the cash drawer, resulting in financial losses for the business. Additionally, if cash is mishandled or misplaced, it can lead to theft or unaccounted funds, further increasing the potential for losses. Regular training and robust cash handling procedures are essential to minimize such errors.
What's the difference between regular and collector car insurance?
The main difference is the price. Collector car insurance will cost you significantly more than any regular car insurance that you would get.
What are the types of installment debt?
Installment debt refers to loans that are repaid over time through regular payments or installments. Common types include personal loans, auto loans, mortgages, and student loans. Each of these loans typically has a fixed repayment schedule and interest rate, allowing borrowers to plan their payments over the life of the loan. Installment debt contrasts with revolving credit, such as credit cards, where the borrowing limit can fluctuate.
What is regular payment called?
Regular payments are typically referred to as "recurring payments" or "automated payments." These payments occur at set intervals, such as weekly, monthly, or annually, and are commonly used for subscriptions, loans, or utility bills. Recurring payments can be automatically deducted from a bank account or charged to a credit card, providing convenience for both consumers and service providers.
What is amortisation?
Amortization is the paying off of debt with a fixed repayment schedule in regular installments over a period of time. The gradual elimination of a liability, such as a mortgage.
How do NFL players receive their paychecks and by what method?
In the NFL, players are given a check after each week in the regular season. They receive their yearly salary in these 17 installments.
Preferred stock and bonds are similar because?
Preferred stocks and bonds are similar because they both receive regular payments from the company. With preferred stocks, one will receive regular dividend payments from the company. For bonds, one will receive interest payments on the debt that is owed by the company.
