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What else can I help you with?
How does my company collect past due account for services rendered?
You need to sue in court. The court depends on the amount of the loan.
In Oregon if you make a payment on your loan can they repossess 2 weeks later if the payment only brings the account from 90 to 30 days past due?
READ your contract. IF you are in default, they can repossess.
Can a apartment complex collect past due rent if the apartment has been released?
Past due rent is past due rent, no matter how you look at it. It is money that is still due the landlord.
Can you be past due and still get a car loan?
Depends on your definition of past due. If you mean past due "by a few days late all the time", then yes you can still get a loan. If you mean past due "30 days or more past due here and there or infrequently then it may be more difficult but yes you can still get a loan. It will refect in the rate and terms offered-the more past due, the higher the rate. If you are "constantly late, then probably not! Your credit reports will refect payments that are 30 days or more past due (ex: due on the 1st and pd after the 1st of the following month), they will not refect payments that are 10 or 15 days past due.
What is the statute of limitations on unsecured loans in Georgia?
A loan is considered a written contract. In GA, the SOL is 6 yrs from when the loan became due and payable. If you got a loan from an individual, it would just be breach of contract, which has a SOL of 4 yrs.
If you have a car repossessed how much notice does the claims company have to give you before demanding the balance be paid in North Carolina?
None in every auto loan contract there is legal verbage somewhere in there that states if you are past due (even one day) you are in default and they can call the whole contract due............sorry
When a loan is in default does the lender have to notify the cosigner?
When a loan is in arrears (past due), the creditor has the legal right to contact the cosigner unless the loan is included in bankruptcy. The Fair Debt Collection Practices Act states this fact. The sole purpose of a cosigner/guarantor is to guarantee the loan, hence it is likely if no payment arrangements have been made by one, they will collect from the other.
If the account being reviewed for loan modification due to hardship ollection department still call you daily about past due amount?
It is possible that your loan has already been sold to a third-party collection agency which may be attempting to collect the debt on its own - and actually have no knowledge of the loan modification you are attempting to work out with the lender. Notify the lender and perhaps they can recall your account from collections and end the harassment.
Is it right to offset deposits to the interest of a past due loan account of an individual and not to the principal balance of the loan?
Yes.Yes.Yes.Yes.
Is it legal for credit card companies to threaten to call relatives in an attempt to collect on a past due balance?
Credit card companies may call relatives that were given as a reference on the car loan. It is not illegal to call them, it is illegal to harass them.
If you make one payment when payments are behind can this stop the repossession?
Check your loan contract, but in most cases (99.99%) if the payment does not represent the total past due amount, or if you do not have arrangements with the lender setting asside repossession actions in lieu of payment arrangements, no; one payment toward a past due balance will not stop or delay repossession of the vehicle.
How far behind in payment do you have to be before repo happens?
It depends on the state that you are located in, the contract that you signed and the lender that you have a loan with. I am a recovery agent in Ohio and some lenders don't place a car up for repossession until it is 6 months past due while others will place an order for repossession after the debtor is 3 days late....depending on the contract that was signed. AnswerLegally, the moment you default on your loan (1 day late). A lender will usually attempt to see whats going on. If its a sub prime loan they will be quick to try to collect. Work something out if you can, even though you are late lenders should be courteous. Be nice and work something out and keep commitments, even if its for a partial payment.
