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My car was repo. and what happens when i can't pay the difference. can i make payments instead paying it all back at once?
You can negotiate payments, but I always recommend saving at least 30% percent of the remaining balance and negitiating a settlement. Get everything in writing before making your negotiated final payment. Then request a letter stating that the account is now "Paid in Full", instead of "Settled for less". Very important that you request this, so that they do not sell the remaining balance to a third party collection agency.
What is the term for the portion of the price that must be paid before the remaining balance can be financed on credit?
Down Payment.
What is the required 50 down payment for purchasing a car?
The required 50 down payment for purchasing a car is half of the total cost of the car that needs to be paid upfront before taking out a loan or financing the remaining amount.
Can I sell a car on finance?
Yes, you can sell a car on finance by transferring the financing agreement to the buyer or paying off the remaining balance before selling.
Do you have to pay off your mortgage before selling your home?
No, you do not have to pay off your mortgage before selling your home. When you sell your home, the proceeds from the sale can be used to pay off the remaining balance of your mortgage.
How does the remaining balance in a vehicle repossession case get solved?
Once the vehicle is repoed, if it is not redeemed, the vehicle is sold at auction. This purchase price is applied to the debt. The problem is, the repossession procedure can add much more to the balance owed. So, there is likely to be a remaining balance, and it could be higher than was originally owed on the loan before the vehicle was repoed. In cases where a balance remains, the lender may decide to take legal action and sue the borrower.
Can you sell your leased car before the end of the lease term?
Yes, you can sell your leased car before the end of the lease term, but you will need to pay off the remaining lease balance in full before transferring ownership to the buyer.
After the car is auctioned can you make payments for the remaining balance?
ONLY if the lender agrees to doing so. After all, you agreeded to make make payments on the car once before.
Application letter regarding installment payment of tuition fee?
I "your name" "your id number" , as "your course". I am writing this letter to request for the examination, that i have failed to pay this semester before the shedule of my examination day. I failed to attended the exam because "your reason" During that,i also have financial problem so that i can`t pay my tuition on time. But i really hope that you undertand my situation and let me take up a special exam. i apologize again for the inconvenient that cause in this matter. Your sincerely, "your name" "course and section". Read more: How to make a request letter for the extension of payment of tuition fee? - My remaining balance is 5,281.14 pesos and i can only give 3000. so i still have 2281.14 pesos balance. since I`m a student assistant in our school, if possible, i will request that they will just deduct the remaining balance on my salary this coming school year :: Ask Me Fast at http://www.askmefast.com/How_to_make_a_request_letter_for_the_extension_of_payment_of_tuition_fee-qna2134437.html
What do purchasing terms ARAD mean?
ARAD stands for "Authorized Request for Advance Disbursement." It is a financial term used in procurement and purchasing processes to indicate an official request for advance payment before receiving goods or services. This term is often employed in contracts and agreements to ensure that suppliers or contractors receive funds upfront, facilitating smoother transactions and project execution.
Can you repay a 401k loan early?
Yes, you can repay a 401k loan early by making additional payments or paying off the remaining balance in full before the scheduled due date.
In regards to the question if you volunteer a reposession do you have to pay off your car loan what happens if you can't pay that balance?
Voluntary RepossessionOnce this vehicle has been auctioned off, the remaining balance that is left on this loan will be your responsibility to pay off. You can contact this collection agency once you receive a new statement of this balance. Usually the two options that you have is either make monthly payments or you can negotiate a settlement. Your best bet is to save anywhere from 30-50% of the remaining balance, and settle. Get everything in writing before making a final payment.
