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If car insurance payments taken out monthly are you paying in advance for the insurance cover?
Wiki User
∙ 9y ago
Yes, you are probably paying for the next 30 days. This does not take into account any changes that you make during the policy period. If you make a change that produces an increase in the premium, often times the company will divide this out among future payments so that you are not made to pay the endorsement (change) charge in one lump.
Wiki User
∙ 9y ago
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Is it possible for the non-custodial parent to pay child support in advance to avoid paying monthly?
The usual method of paying child support is by income withholding. There's nothing wrong with paying in advance, but let the custodial parent know what you're doing and DO NOT send the payments to her - make your payments by check to the State Disbursement Unit or to the courts.
Does paying car insurance monthly build your credit?
Paying your insurance premiums do no report to any credit reporting bureaus.
What terms of life insurance are offered by Direct Line Life Insurance?
The terms of life insurance are as follows: You start paying at å£6 monthly increments. Your premiums and cash sum amount will stay the same unless you decide to alter your payments.
Does paying off your car help your credit score?
To pay off debt yes, to make monthly payments no.
What does a car amortization calculator do?
A car amortization calculator lets you compare payment options, like bi-monthly, monthly, or bi-weekly payments. It could help you organize your payments and facilitate paying off your car.
Does the money you pay monthly on car insurance go toward your premium?
That is what you are paying monthly is your insurance premiums. You have a choice of payment plans that are best for you. You can pay it once a year or one a month.
If you get set up with monthly payments to pay off a defaulted loan can you get a loan to go to school while your paying it?
yes
What causes increases in the escrow payments having to be paid?
AnswerGenerally, escrow is for paying county property taxes and home insurance. An increase in either of these could be the cause.AnswerEscrow payments are payments in addition to your Principal & Interest that you pay on a monthly basis. Your escrow payments are set aside and used towards year end for the payment of your Property taxes & Homeowners Insurance. If you experience increases in your escrows its largely in part to either an increase in your taxes or insurance or both. An increase in taxes is common which would be caused by increase of home value.
Isn't paying no interest loan by paying monthly due amount better than paying in full in term of improving credit score by having good payment history?
Making monthly payments on a no interest loan is way better than paying it off in full if you are looking to improve your credit score.
Is it legal to have gap insurance?
Yes, if you're talking about having a break in your insurance payments. Some (but not all) companies offer a 'free' period of insurance - but it's covered by an increased monthly premium - so you're not actually getting anything for free. During the 'break' period, you're still covered by the policy you're paying for.
Why if I am paying monthly payments on medical bills are they on my credit report?
If the bills were overdue and you are making payments as the result of being 'dunned,' and the bills are not yet paid in full, it will reflect on your credit report.
What is the diffenece between biweekly and bimonthly?
Bi-weekly is every two weeks and bi-monthly is two payments every month. Because most months are more than 4 weeks the bi-weekly payment amounts to an extra payment over the period of a year. The total number of payments when paying bi-weekly is 26 whereas its 24 payments when paying bi-monthly.
