If by "pay the balance owed" you mean "pay off the debt completely" then no, they cannot.
If you just mean "make up all the missed payments," it's murkier. You should contact the finance company immediately, because generally they don't really want the car, they want the money, and if they think they can get it without taking the car, they'll jump at the chance since it's a lot less hassle than going through the whole reposession process.
You still owe the finance company the balance owed.
If the patient was trustworthy and I knew the patient would pay the back balance.
Is a credit balance in a vendor subsidiary account an unpaid balance owed?
Is a credit balance in a vendor subsidiary account an unpaid balance owed?
Is a credit balance in a vendor subsidiary account an unpaid balance owed?
yes, unless they get the balance owed. If not they will sue for the remaining balance between what is owed and what they get from the resale.
You are still legally obligated to pay the balance of the car note regardless.
A positive margin balance is the amount owed to you by the brokerage. A negative margin balance is the amount owed to the brokerage by you.
Yes, You still owe the balance of any note owed to your Finance Company.
a "credit balance" is money that you have.
Any credit balance in a vendor subsidiary account ia an unpaid balance owed?
Any credit balance in a vendor subsidiary account ia an unpaid balance owed?