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What else can I help you with?
What happens if you no longer have the car and the finance company trying to repossess?
Someone has the car and the finance company has a lien on it. Any sale would have been fraudulent.
What if you have a car loan and have an accident and bank or insurance didn't make sure you had full coverage?
When a person finances a car, proof of insurance is required, a buyer has about 24 hours to let his insurance company know about his car. In the event that car buyer stops making insurance payments the finance company is almost immediately notified and your car finance agreement charges the buyer a higher monthly payment for "single interest" insurance. That is where the finance company is reimbursed if vehicle is damaged, to protect their interests but not the buyer's. They can then at least get it fixed, and sell to someone hopefully more responsible. They have this stuff all figured out.
What is the reason for overdraft charges from a bank?
Bank overdraft charges are the result of someone spending more money than they have in their bank account. The bank then charges interest on the overdrawn amount.
Where can someone finance their medical expenses?
One can finance his or her medical expenses by getting insurance. AllinaHealth is just one company that can help one finance his or her medical expenses.
You were in an accident with someone with a full coverage you paid his 500 deductible and his company wants you to pay the repair charges How come?
You were in an accident with someone with a full coverage you paid his 500 dollars deductible and his company wants you to pay the repair charges How come?
Does a business have to pay for each purchase for using a credit card machine?
The credit card company pays the retailer a fee every time someone uses the machine to pay for purchases. The card company charges the customer a fee for paying by card (usually in the monthly interest charged).
Why won't they finance autos?
There are several reasons on why a finance company will not finance someone. the main reason is a repossession after a bankruptcy. Another main reason is the "lender" sees that you are about to file bankruptcy or they find out you are about to. It is very hard to finance based on cost and mobility. Sometime a mortgage is easier to get because you cannot move a house to the opposite coast overnight. Those are just a few reasons on why a finance company might not finance you.
Can a credit card company still send you monthly bills and charge you finance charges on your account if they sent it to a collection agency?
YES, it stops collecting intrest when it goes to collections. at that point they have transfered your debt. It then becomes someone elses problem. But they stop collection intrest.
What exactly is the finance rule of 72?
The finance rule of 72 basically is a way to find out how long it will take for someone to double their money, given a certain interest rate. E.g. if you had an interest rate of 9% a year on an investment, it will take 72/9 = 8 years to double your initial investment.
How can buying a new car be possible for someone with bad credit ratings?
Buying a new car is certainly possible for someone with bad credit, but it is slightly more troublesome. When one goes to finance a car one may have to pay a higher interest rate in order to finance.
How do you get your car back legally from the people who bought it?
It depends on what you mean. Do you mean from someone (a third party) who purchased your car from the finance company after the finance company repossessed it from you? If so, there's not really too much you can do other than find the person and make them and offer.
Can a car be reported stolen for non-payment?
Only if someone stole it from the owner. Otherwise the car is just repossesed by the finance company.
