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What else can I help you with?
What is a back payment?
A back payment is an overdue payment from a debtor to a creditor on money owed.
How do you make an electronic payment.?
Visit the creditor's website and you should find instructions for that particular creditor.
What entry is made when a payment is made to a creditor?
When a payment is made to a creditor, the following journal entry is recorded in the books of accounts
What defines your payment history?
the number of late payments, amount of debt, and delay in repaying loans
Do I still owe if a creditor refuses to give you payment address?
If a creditor refuses to give you payment address, you still owe them money. This might be frustrating but does not get you off the hook.
Does a creditor need to let you know in writing if you are in default of a car payment?
No they do not
What can a repo man do if they dont get paid by creditor?
The only recourse (legally) would be to file suit against the creditor, seeking payment.
What happens if you don't pay for a winning bid on a DoJiggy auction?
If you don't pay for a winning bid on a DoJiggy auction, you may face penalties such as losing your auction item and potentially being banned from future auctions. The organization may also report the non-payment, which could negatively affect your reputation within the community. Additionally, the auction item may be offered to the next highest bidder. It's important to adhere to the payment terms to avoid these consequences.
Can you pay a civil judgment in payments?
Usually you can work out a payment plan with a judgment creditor. If you do not have the money now, a payment plan (and settlement agreement) is a cheaper and better alternative to the other collection techniques in the Creditor's arsenal.
Can a creditor charge off an account then reopen it?
Yes, a creditor can charge off an account and later reopen it. A charge-off typically occurs when a creditor deems an account uncollectible after a period of non-payment, but the debt still exists. If the debtor later makes a payment or enters into a repayment agreement, the creditor may choose to reopen the account. However, this can vary by creditor and the specific circumstances surrounding the account.
Can a creditor repossess a car when the payment is one day late?
Yes Usually they allow a grace period for an arears payment, but they do not have to.
With a cross collateralized debt when the vehicle was surrendered can the creditor demand payment for deficiency?
In the state of Texas, yes the creditor can follow for the deficiency balance.
