Wiki User
∙ 10y agoIf 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.
Wiki User
∙ 10y agoYou 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.
Yes, if you still owed a balance at the time the account was closed. Just because a company closes an account does not mean that any balances that are owed to them disappear. If your account was closed and there was still a balance outstanding and you did not pay that balance, the company has every right to collect the balance and any interest outstanding.
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?