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If you did not reaffirm your car loan but chose to continue to make payments can the loan company report you to the credit bureau if you're late with a payment?
Our GA attorney never reaffirmed our home or 2 cars as he was supposed to. I learned several things about BK from this. 1) Once you have a completed BK, the unaffirmed agencies can not pursue you for debt collection (calls, letters, etc.) 2) One of our cars was stolen and partially paid off by the insurance company. We were upside down by a few thousand dollars, but the loan company never contacted us. (see #1) 3) With our house, we were told that foreclosure could not take place until 90 days following non-payment. 4) Nothing got reported to the credit bureaus for our cars or loans following our BK of 2003 even though one of our vehicles was paid off completely. Our credit report stated that our car loans were involved in BK. There was NO payment history from our BK to present for either! Keeping the loan current will certainly keep you in wheels and keep the creditor happy, but it doesn't seem to improve one's credit rating. I did read, however, in an earlier question, that BK plus a foreclosure is a double-whammy to your credit. Different rules may apply for GA than your state, but I would certainly look into this further before I allowed a foreclosure. Hope this is helpful to you!
What else can I help you with?
If a loan is not reaffirmed in bankruptcy but you continue to voluntarily make payments can the loan company report you to the credit bureau if you're late with these payments?
According to my mortgage company, "no." However, the bad part is that you continue to accrue late charges and in the event you accidentally missed a payment, they don't make the standard courtesy calls. They cannot pursue the money once the BK is complete.
How do you get a remittance?
There are a number of way to get a remittance payment. The policies for receiving this payment vary from company to company, and you should speak with your bank on how they handle remittance payments.
What is a description of an annuity?
the insured agrees to make a lum-sum payment or series of payments to an insurance company
Will getting a new debit card stop recurring payments?
Getting a new debit card may stop recurring payments if the old card is linked to the payments. You will need to update your payment information with the companies that you have recurring payments with to ensure they continue uninterrupted.
How do you make payments to ServiceMaster Acceptance Company?
The only way to pay SMAC at this time is to either mail them a check or call and do a payment over the phone. They charge $3 to take a phone payment. They do take payments online as of now.
If a loan is not reaffirmed in bankruptcy but you continue to voluntarily make payments can the loan company report you to the credit bureau if you're late with these payments?
According to my mortgage company, "no." However, the bad part is that you continue to accrue late charges and in the event you accidentally missed a payment, they don't make the standard courtesy calls. They cannot pursue the money once the BK is complete.
How do you get a remittance?
There are a number of way to get a remittance payment. The policies for receiving this payment vary from company to company, and you should speak with your bank on how they handle remittance payments.
What goes in a Cash payment journal?
All cash payments made by the company.
What is the meaning of payment to continue?
The inference is that YOU shall be expected to continue to make payments to the issuer of the statement. It is not a standard comment unless you are a recipient of long term benefit payments or some kind of JG Wentworthable commodity.
How do i cancel my account, and stop payments?
Call and write the company. Tell the company that you are taking away your permission for the company to take automatic payments out of your bank ... Call and write your bank or credit union. Give your bank a "stop payment order". Here’s how you can do a stop payment order: Monitor your accounts
Can you sell your car if they sent you the title by accident and continue your payments?
Not a wise idea because your contract with the finance company probable holds the vehicle as collateral. If you no longer have the collateral they can demand payment in full to satisfy the loan.
What is the address to send payments?
The address to send a payment can probably be found on the company's website or by calling the company and asking for the payment address. Many companies also accept electronic payments now as well, and these are processed securely and more quickly than mail.
What is a description of an annuity?
the insured agrees to make a lum-sum payment or series of payments to an insurance company
Will getting a new debit card stop recurring payments?
Getting a new debit card may stop recurring payments if the old card is linked to the payments. You will need to update your payment information with the companies that you have recurring payments with to ensure they continue uninterrupted.
How do you make payments to ServiceMaster Acceptance Company?
The only way to pay SMAC at this time is to either mail them a check or call and do a payment over the phone. They charge $3 to take a phone payment. They do take payments online as of now.
Which of the following is a description of an annuity?
the insured agrees to make a lump-sum payment or series of payments to an insurance company...
WHAT DO YOU MEAN BY ANNUITY?
An annuity is a contract between you and an insurance company in which you pay a lump-sum payment or a series of payments in exchange for regular payments, which can start right away or at a later date.
