No, and in most states it is illegal for a creditor to threaten jail time, Triad Financial in Huntington Beach Calif, is currently battleing numerous lawsuits about that very thing.
no he started school late
If you pay a traffic ticket late, spending how late, you may have a warrant issued for your arrest. You will probably incur a fine if it hasn't been very long.
I think , from how I look at it, anyways... Is that you should never give up, on anything, because it's never too late to start again, and try harder.
Apparently ICP are coming back to Australia in late 2010, following the finish of their current USA tour.
Late Middle English: from the Germanic base of the Old English prefix ed- 'again, back.'
There shouldn't be any jail time in a situation such as this - the objective is to ensure that the payments are made, and that has been done.
Generally, late payments over 30 days late are reported to a credit reporting agency. After that, late mortgage payments can become "missed" mortgage payments. And missed payments can affect your credit score in a negative way. However, your exact late payment will depend on how your specific mortgage lender reports payments to the credit bureaus.
There shouldn't be any jail time in a situation such as this - the objective is to ensure that the payments are made, and that has been done.
Perhaps the car is worth more than the remaining payments!
No.
To pay back the payday loan, you will need to have a job that allows you to make payments. It is a good idea to pay it off as quickly as possible because many loans have high interest rates or penalties for late payments.
As your lender about the specific reporting policies. For the most part, late payments are not reported until the payment is at least 31 days late. Repeated late payments and excessively late payments will shave points off a credit rating.
Seven years. However, they will have less effect as time goes by. For example, late payments over a year old do not harm your credit as much as late payments from last month. Late payments over 2 years old are generally ignored.
Yes, you can get your car back but you only have ten days to do so before the car goes to auction, in order to get your car back you must bring the full amount of payments you are behind to the repossessing company. The lender can deny you the car back also, depending on how many times you made late payments.
Between 7 and 10 years
A delinquency usually refers to an account with late payments. The late payments report on the account for 7 years.
no, you just get hit with a late fee.