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The finance company has to have a contract signed by you. If they change something it has to be initialed by the customer. Unfortunatly, to fight this you would need to contact a lawyer which would probably cost more than $300.
It is absolutely wrong for them to change a legal document after the fact of it being signed by the customer, but I have never seen a contract that actually states a grace period for repossession.
What else can I help you with?
Can a debtor return goods?
a debtor may return goods if the contract which established the obligor (debtor) and obligee (lender) provides that the return of goods satisfies and therefore executes the contract in lieu of providing the method of exchange formerly discussed as acceptable
If you pay partial on your car loan can they repossess your car?
Yes, the lender/lending institution is not legally obligated to accept partial payment on a contract. Likewise the lender can accept the payment, apply it to the debt accordingly and still file suit, although once the suit has been filed the lender cannot continue to accept the borrower's money unless the lender dismisses the suit. Any lender can sue for debt owed when the original contract is defaulted upon. The laws of the debtor's state determine procedures for creditor vs. debtor civil lawsuits.
When you owe money to another lender you are a .?
When you owe money to another lender, you are a _____.
What is the statute of limitations on collection of a mortgage loan debt in Texas?
A mortgage is a contract under civil law between the debtor and the lender. To my knowledge there is no statutory limit on its effectiveness.
Who should the debtor pay when an account is sold by the original creditor to another lender or collector?
Yes, the debt still stands. It's how debt collectors stay in busniess. When the debt or account is sold, the debt isn't erased, merely transferred. In essence, the original lender has sold the whole contract. * The debtor makes any payment agreement with the collector not the original creditor.
What is the definition of corporate guarantee?
A Corporate Guarantee is a guarantee in which a corporation agrees to be held responsible for completing the duties and obligations of a debtor to a lender, in the event that the debtor fails to fulfill the terms of the corporate guarantee.It is also known as debtor-lender contract.by shylendri
Can a mortgaged property be placed in trust?
No. Not without the lender's approval.No. Not without the lender's approval.No. Not without the lender's approval.No. Not without the lender's approval.
What is the difference in a cosigner and a guarantor?
A cosigner signs the debt agreement and the lender can demand payment from both the debtor and the cosigner. A guarantor does not sign and the lender needs to go through the debtor before demanding payment from a guarantor.
How can you get out of a promissory note?
If you are the debtor you must pay the debt and have the lender sign a release.
How do you find out if someone elses vehicle has been repossessed?
"YOU" dont, the debtor does. call the lender.
Can a debt incurred in Pennsylvania be collected on in Florida?
Yes, the lender/creditor can sue the debtor in the state court in the county where the debtor resides for the debt owed regardless of where that debt was incurred. In some cases, the lender/creditor can send the defaulted account to the National Board of Arbitration bypassing the usual court procedure of a lawsuit. The debtor will be notified in advance of any litigation the lender/creditor chooses to take.
If a debt is not reaffirmed by a creditor is the debt discharged in a bankruptcy?
The creditor is the lender. The bankrupt is the debtor. The lender never has to re-affirm he wants to get paid back.
