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Yes. Once a contract has been defaulted upon the lender can take whatever action allowed under the laws of the debtor's state to collect the debt. It is unlikely the lender will sue as long as the debtor continues to pay unless the amount is only a token one, for example $10.00. The account balance will continue to mount significantly due to penalties and interests even though the account has been closed, resulting in an even larger debt.
What else can I help you with?
What is the total amount of monthly credit card payments?
The total amount of monthly credit card payments is the sum of all the payments made towards credit card bills in a month.
Do you have to make monthly payments on a Home Equity Line of Credit (HELOC)?
Yes, with a Home Equity Line of Credit (HELOC), you typically have to make monthly payments. These payments are based on the amount you have borrowed and the interest rate.
What is the minimum monthly payment on credit cards?
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What is it called when you pay off your credit cards monthly?
If you are referring to the monthly payments you make for a certain period in connection to a credit card loan, it is called monthly amortization.
What expenses will credit disability insurance pay for in the event of a disability?
Credit disability insurance typically pays for the minimum monthly payments on a loan or credit card in the event of a disability, helping to cover the borrower's financial obligations during that time.
Is there a minimum income required to qualify for an income protection insurance?
Yes, a minimum income is required. Companies would not be able to offer protection to someone that cannot sustain monthly payments. Also credit is important.
What is the total amount of monthly credit card payments?
The total amount of monthly credit card payments is the sum of all the payments made towards credit card bills in a month.
Do you have to make monthly payments on a Home Equity Line of Credit (HELOC)?
Yes, with a Home Equity Line of Credit (HELOC), you typically have to make monthly payments. These payments are based on the amount you have borrowed and the interest rate.
What is the minimum monthly payment on credit cards?
reload credit card
What is it called when you pay off your credit cards monthly?
If you are referring to the monthly payments you make for a certain period in connection to a credit card loan, it is called monthly amortization.
What expenses will credit disability insurance pay for in the event of a disability?
Credit disability insurance typically pays for the minimum monthly payments on a loan or credit card in the event of a disability, helping to cover the borrower's financial obligations during that time.
What are the disadvantages of using a credit card with a zero percent APR?
Credit cards with a zero percent APR generally have minimum monthly payments that must be made in order to avoid costly charges. If your minimum payment is not made each month, you may be hit with costly penalty fees.
How do you increase my credit limit?
Pay more than your monthly minimum. Credit companies watch that.
How do you get into credit card debt?
By using them & only making the minimum payments.
What are the minimum payments on a credit card?
Depends on how much you owe. The more you owe, the more the minimum payment.
You have bad credit 7000 dollars for a used car can you get approved with low monthly payments?
Someone may approve you but you will have an outrageous percentage rate and your payments will be high. Safe to say with bad credit you will have payments over 500.00/month for 7,000. Try to get some of the money together or begin to repair your credit or set you sights lower for a cheaper vehicle.
Types of credit?
There are four basic types of credit. Service credit is monthly payments for utilities, loans let you borrow cash, installment credit, and credit cards.
