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My car was repo. and what happens when i can't pay the difference. can i make payments instead paying it all back at once?
Wiki User
∙ 15y ago
You can negotiate payments, but I always recommend saving at least 30% percent of the remaining balance and negitiating a settlement. Get everything in writing before making your negotiated final payment. Then request a letter stating that the account is now "Paid in Full", instead of "Settled for less". Very important that you request this, so that they do not sell the remaining balance to a third party collection agency.
Wiki User
∙ 15y ago
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What is the English word for making payments over a period of time instead of all at once?
paying in installments; the installment plan
Does default means does not pay?
Default means that you have not made the agreed-upon payments in full on time. You may be making partial payments (ie, paying $250 a month instead of $350 a month), but still be in default.
Does default means not pay?
Default means that you have not made the agreed-upon payments in full on time. You may be making partial payments (ie, paying $250 a month instead of $350 a month), but still be in default.
What happens when you are paying and they say it is not enough?
Grab all yu can and get the heck outta there what can happen when you are making monthly payments on a debt,debtor says its not enough?
What are staggered payments?
Staggered Payments, are Part-Payments over a period of time. For eg: A has to pay USD1,00,000.00. Instead of paying the complete amount at one time, he may opt to pay USD10,000/- every month. However, it is important for both the parties to draw a Legal Contract.
What happens if you stop paying your monthly payments?
Your car will be repossessed, your car will be sold, you will be responsible for the difference in the price the car sells for and the balance on the loan plus repossession fees, and your credit will be ruined for 7 years. Contact the lender and work something out. Don't let this happen to you.
What is the difference between expropriation and confiscation?
expropriation means seizure of private property by the government after paying compensation. confiscation is similar as expropriation, but confiscation does not involve such payments.
If a business loan has your house as collateral what happens if you stop paying payments to the bank?
You will lose your House and everything in it.The bank has the right due to the fact you signed your name.
If a car is in your name as the primary but your cosigner has been making payment for the last year and many of those payments have been paid late can you legally take that car from the cosigner?
Since the cosigners isn't paying, unless you start paying instead, and catch up on all late payments, the dealer or the bank will repossess the vehicle shortly anyway, so your question is moot.
I am paying child support payments until she's 22 when do I stop paying do I stop on the 22nd or do I continue paying until the 23rdbirthday?
on her birthday
What options are available for Reliant Energy bill payments?
There are various options available for Reliant Energy bill payments. These include average billing, paperless billing, automatic payment options, paying online, paying through mail or even paying in person.
How do you prevent your home from going in to foreclosure?
By paying your mortgage payments on time.
