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If a payment is missed on a private contract does Washington State law require that interest be charged?
Greetings fellow Washingtonian! The answer to your question is that the state does not require that you collect interest. I will assume you are talking about a real estate contract (the kind where the seller finances the property--not to be confused with a mortgage or deed of trust). If you are the seller, you are not required to charge any interest at all (my, what a nice person you are). But if the R.E.C. provides for interest, and a payment is not made, then interest will accrue on the unpaid principal. If there is a late fee provided for in the contract, then the late fee may be charged, and if unpaid, the seller may initiate foreclosure proceedings.
What else can I help you with?
What does it mean if your loan payment is overdue?
If your loan payment is overdue, you will be charged interest that is higher than normal. You may also be charged a late fee and hurt your credit rating.
What are the terms and conditions of the payment contract for the car?
The terms and conditions of the payment contract for the car outline the amount to be paid, the payment schedule, interest rates, late payment penalties, and any other relevant details regarding the financial agreement for purchasing the car.
Can interest continue to be charged on the principal amount of a judgment which has a court approved payment agreement?
Yes.
Thomas charged 2400 on his credit card to buy furniture the interest rate charged by the credit card company is 24.9 percent after one payment the minimum payment on the debt is 50?
2399.80
What happen if i don't pay credit card the amount due each month?
If you don't pay at least the minimum payment on your credit cards by the due date, you will be considered a month behind and so on till you are up to date with your monthly payment(s). You'll also be charged interest and with most credit cards, interest is charged daily from date of when you purchased your item and not by the statement billing date. That is why it is important to make a payment asap, than to wait till the due date. ie) if you make a payment even one day after your due date your charged interest. if you purchased an item on Aug 29 and your billing date is sept 1 and your due date is sept 22 and you miss your payment on the due date. interest will be calculated daily from aug 29 till full payment is received if you pay the full payment (including interest) on sept 23 your interest will be less than, if you pay your full payment (including interest) on the next due date of oct 22.
If you put a down payment on a car and sign the contract can you back out?
It depends what state you live in. In Idaho and Washington, once you sign the contract, the car us yours and you cannot back out.
Can a interest be charged on a late fee?
No. But what will be charged on a late fee, will be reflected on something known as your your finance charges. Finance charges will go up if you are late making a payment on your credit card.
What are the terms and conditions of the car payment plan contract?
The terms and conditions of the car payment plan contract outline the details of the agreement between the buyer and the lender. This includes information about the monthly payment amount, interest rate, repayment schedule, late fees, and any other important provisions related to the loan. It is important to carefully review and understand these terms before signing the contract.
What are the terms and conditions outlined in the contract for a vehicle sale with payments?
The terms and conditions in a contract for a vehicle sale with payments typically include details about the down payment, monthly payment amount, interest rate, length of the payment term, consequences of late payments or default, and any additional fees or charges. It is important to carefully review and understand these terms before signing the contract.
When I issued a shipping label on UPS website and arranged for pickup, it was initially displayed as 20.85 USD, but after paying 20.85 USD at the PayPal payment stage, I was charged an additional 8 USD. Why was I charged an additional 8 USD?
The extra cost might be for the interest payment
How can you find the amortization of your loan?
when you request a loan, the institution will give you a contract or paperwork of the loan. In the contract of payment, you will find any details regarding the loan: interest, amount, amortization and other the terms.
Does excepting payment make a contract?
No but accepting payment does.
