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MY car was reposessed due to laps in your car insurance payment is there a difference in the length of time it stays on your record?
Repossession does not occur for lapses in insurance payments. The auto loan transaction and insurance transaction are completely separate. If you live in a no fault state, the lender may add insurance coverage to protect their interest in the vehicle, and this will be translated to you the borrower.
Now, that being said, no, there is no difference in the amount of time a debt remains on your credit report aside from whether it is seven years from last payment on a regular default (no judgment) or ten years for a defaulted account with a judgment securing it.
What else can I help you with?
How long can Insurers delay payment of cash surrender values?
the MAXIMUM length of time a life insurance company may LEGALLY hold your payment of cash value on a SURRENDERED policy is 6 MONTHS.
What is the length of the mortgage payment grace period for this loan?
The length of the mortgage payment grace period for this loan is 15 days.
Does having car insurance help to build credit?
Having car insurance does not directly help to build credit. Credit scores are based on factors like payment history, credit utilization, and length of credit history, while car insurance payments are not typically reported to credit bureaus. However, maintaining a good payment history on all bills, including car insurance, can indirectly help improve credit by demonstrating responsible financial behavior.
What is a common payment plan that bail bondsmen offer?
There are no "common" payment plans. Some states regulate bail bondsmen on a state level and through the insurance commissioners office.. the length of payment options is determined by their rules. If there is no regulations in place for the bail bondsmen in a state then the bonding agency it self determines what it would allow. www.wikiwikibailbonds.com
What is the difference between Endowment Life Insurance and Term Life Insurance?
And endowment life insurance policy can be cashed out after a certain length of time or earlier for an agreed upon value. Term life insurance only provides coverage for a specified term and disappears if the covered person does not pass within the term.
What are the length of the terms on Progressives Auto Insurance Policy?
The length of the terms on a Progressive auto insurance policy will depend on which type of policy you choose. The longer you commit to their insurance, the better deal you will get.
What does customary system?
When relating to insurance payments, customary and usual are average charges for a certain procedure. For instance, if it is customary and usual for a doctor to charge $1,000 for a medical procedure, that is what the insurance payment is based on. It does not matter if the doctor charges more than that amount.
What would be the payment on a Chevy Camaro 2012?
Depends on purchase price, down payment, interest rate, length of loan, etc...
What is the process if you have no insurance and are at fault in accident?
The insurance company will subrogate (come to you for payment) you for all payments including their insured's deductible, repairs, injuries, rental etc. You more than likely will lose your license and any plates and suffer with many fines as well. Best to be upfront contact the company and work out a payment agreement if you do not have all the money required . This could also cause you trouble in getting insurance in the future....(many companys will not insured a person/property that has went 'uninsured' for any length on time).sorry
What affects the size of your monthly mortgage payment?
Your monthly mortgage payment is affected by the amount of the loan, the interest amount, and the length of time of the mortgage.
Travel Health Insurance?
Travel health insurance is a good way to ensure that you will receive proper medical care if you get sick or injured while abroad. If you wind up in a hospital while on vacation, you can file a claim and your insurance company will send their payment information. It is a relatively easy process to sign up for travel health insurance. There are many insurance companies and you can compare their rates and benefits. You can choose the length of time that you will be covered. This can range from a few days to several months. The website tilloglobe.com has a list of many travel health insurance companies where you can view their details.
What will your actual finance charge depend on?
how much of a down payment, length of loan, APR....
