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What happens when car loan is paid off but late charges are due?
Wiki User
∙ 11y ago
THEN THE LOAN IS NOT PAID OFF!
All late charges, penalties are added to the principle amount and then the payments continue until all owed monies are paid.
Penalties and repossession are still done at this point in the process
Wiki User
∙ 11y ago
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Can unpaid late fees be reported on credit report even after loan is paid off?
They are allowed to add late fees to balance-meaning if they are unpaid it's not paid off. And even when everything is paid off, the credit report will reflect that a loan and late fee charges were reported, paid, and then updated to show a zero balance. This information will stay on your credit report for seven years.
Is it legal for the finance company to repossess your car for late fees even though the loan is paid in full?
Yes, the loan is not paid in full if there are unpaid lates fees
What happens if you haven't paid the remaining balance after the repossession?
"remaining balance" as in what you are behind OR the remaining balance due on the loan??
Can you sell a vehicle if the cosigner refuses to sign off on the loan?
The loan must be paid before you can transfer title to the car.The loan must be paid before you can transfer title to the car.The loan must be paid before you can transfer title to the car.The loan must be paid before you can transfer title to the car.
What happens if a person in India can not pay the personal loan and leaves the city he stays?
The financial institution in which you applied the loan will make a follow up on you ensuring that the loan is paid back if you have any other query related to personal loans then visit creditnation.in/Personal-Loan
Can unpaid late fees be reported on credit report even after loan is paid off?
They are allowed to add late fees to balance-meaning if they are unpaid it's not paid off. And even when everything is paid off, the credit report will reflect that a loan and late fee charges were reported, paid, and then updated to show a zero balance. This information will stay on your credit report for seven years.
when refinancing FHA loan, and you paid upfront mip on original loan, do you have to pay upfront mip again at settlement of refinanced loan?
not really depending on how you were making payments on time and if you have any late charges or etc.fees relating to the loan.nope you get the full amount
Is it legal for the finance company to repossess your car for late fees even though the loan is paid in full?
Yes, the loan is not paid in full if there are unpaid lates fees
If you are the co-signer and the car hasn't been paid for a year and it has been wrecked who is responsible for the costs?
The buyer and co-buyer are responsible for the loan. that's YOUR money sitting there wrecked and the late charges, interest building up.
Can you apply late charges to an owner that has not paid his condominium violation fine in FLorida?
Read your governing documents to determine whether or not late charges are applicable to the account where the fine has been posted.
What happens if you paid your taxes late?
A penalty and interest will be charged.
What happens if a co signor dies before the loan is paid?
The other signatory on the loan is now fully responsible for the debt.
What happens when your late on UK truck simulator?
if you are late you still get paid but only under £100
What happens to bad check charges after the debt is paid in full in NJ?
it gets banked
What happens if a cosigner refinances a primary signers loan without notice?
If the first loan was refinanced it must have been paid off by the second loan. You are not responsible for the second loan if you didn't sign it.
What happens when your loan is not paid off and you still have the car?
You can still have it ,but you will be paying heavily for it and have no resale value for it.
What is a sentence using loan and lone?
He was the lone signer for the loan. May was the lone month that he paid the loan late.
