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It probably varies from state to state, but in some states, one day past the due date is/can be considered delinquent. However, most companies won't repossess at that point. Most companies wait until at least 30, and if you have called and kept in contact with them, they won't actually start repossession proceedings until 60 or 90 days.
What else can I help you with?
Is it legal to put stop payment o a check?
Yes. It is perfectly legal for the person who issued the check to put a stop payment on it. However, if the check was issued to pay for some goods or services offered by someone or for a loan, the receiving entity also has a legal claim and hence can file a police complaint against you for not making the payment. So, you need to talk to the person to whom you gave the check to settle the amount amicably before you issue the stop payment.
Are emailed checks considered legal forms of payment?
Yes, emailed checks are considered legal forms of payment as long as they meet the necessary requirements and are authorized by the sender.
How long does reposession stay on your credit?
Most everything stays on your credit report for 7 years since last activity not when you created the account. If you make a payment for example, even if it has already been on your report for 5 years, you start the clock ticking all over on the 7 years. Legal matters like tax liens, bankruptcies can stay on your report for 10 or more years.
Money that a creditor must by law accept in payment for debuts is called?
Money that a creditor must by law accept in payment for debts is called "legal tender." Legal tender refers to currency that is recognized by law as an acceptable form of payment for settling debts and obligations. In many countries, this typically includes banknotes and coins issued by the government. Creditors are required to accept legal tender to fulfill their payment obligations, although they may also agree to accept other forms of payment voluntarily.
Is the money that a creditor must by law accept in payment of debts?
Legal Tender.
How far behind can a noncostodial parent be before legal action can be taken in Ohio?
You can take legal action once 1 payment is missed in Ohio. The person required to pay the child support can be charged with a first degree misdemeanor offense for their first charge of non-payment.
What is legal tender money?
a legal medium of payment
What are the legal grounds for repoession?
Legal grounds are payments not being made...usually if there is a car involved, if 3 payments have not been made in a row and there has been no contact made with the signers. Reposession will be put into play.
Is it legal to put stop payment o a check?
Yes. It is perfectly legal for the person who issued the check to put a stop payment on it. However, if the check was issued to pay for some goods or services offered by someone or for a loan, the receiving entity also has a legal claim and hence can file a police complaint against you for not making the payment. So, you need to talk to the person to whom you gave the check to settle the amount amicably before you issue the stop payment.
Is the legal payment date the date the transaction is initiated or the date the payee receives the payment?
The legal payment due date is the date specified in the contract. The actual payment date is the date the payment is initiated by the payor unless specified otherwise in the contract.
What is the legal requirement for businesses to accept payment with pennies according to the paying with pennies law?
The legal requirement for businesses to accept payment with pennies is that they must accept up to 100 pennies for any transaction. This is in accordance with the "Legal Tender for Payment of Debt Act" which states that all U.S. coins and currency are legal tender for payment of debts.
Is it legal for a cashier to refuse to accept coins in payment for goods or services?
The coins are legal tender for debts public and private. It is not legal to refuse coins for payment for goods and services.
What in legal terms is a payment ex gratia?
Ex Gratia means "by favor". In legal terms, this is a payment made by a company or employer when no payment is obligated. The payment is not made because a person is employed by the company and is unconnected to the services the company provides.
What is the legal mimimum payment to sibling in a will?
There is no such thing as a minimum payment. There is no requirement that anything be left to a sibling.
A lawyer is trying to garnish my wages for a reposession from 3 years ago. Can he do that?
You should contact an attorney to determine whether or not the garnishment is legal or not. Typically repossessions and foreclosures do not have garnishments afterwards.
What if your spouse is in arrears for child support?
You should send him a notice through your lawyer and tell him that he is already is behind in payment of child support. And that legal action will be taken against him if he doesnot pay up.
Are emailed checks considered legal forms of payment?
Yes, emailed checks are considered legal forms of payment as long as they meet the necessary requirements and are authorized by the sender.
