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What is the down payment?
Down payment (or downpayment) is a payment (Paid on the Ground) used in the context of the purchase of expensive items such as a car and a house, whereby payment is the initial upfront portion of the total amount due and it is usually given in cash at the time of finalizing the transaction.
If you are late on your loan payment and are a cosigner on your daughters car can they repposses the car?
If you are late on your loan payment and are a cosigner on your daughters car can they repposses the car?
What is a word which means ' pass due'?
Past due is when you payment is not made on the time established when receiving a loan or credit card. If the payment is due on the 15th of each month and you pay it on the 17th. the payment was past due two days.
Concept of Payment in due course?
Its mean that the payment should be made after that
What is a single payment loan?
A single payment loan is just what it implies. The loan is due and payable in one lump sum, principal and interest, at the end of the period of time of the loan. Most loans are multiple payment or installment payment loans, like car loans, credit cards or mortgages where payments are made on a regular (usually monthly) basis over the term of the loan. This reduces the amount due on the loan gradually. In a single payment loan, nothing is paid during the term of the loan until the due date. On that date everything must be paid in full.
If you bought car in August when is first payment due?
It will be specified in the contract.
When is payment due after buying a car?
Generally a month. Sometimes if you ask your bank or finance company to defer the first payment for an additional month they will.
Do they have to send you a letter to let you know your car payment is due?
NO, you know when your payment is due. It is listed on the contract you signed. Miss a payment and they can repossess your car then next day.
What do you do if your extended warranty won't cover repairs and your car payment is due?
talk with the bank in which you have the car loan through about deferring your curent months payment due to car repairs.
Can a car be repossessed if the owner dies before the first payment is due?
The car can be repossessed. The estate is responsible to return the vehicle and resolve the lease or loan.
Can your car be repossed before your car payment is due?
No, until you have missed a scheduled payment (at the very least), the lender has no right to the property.
What is a 1st payment default if it is not later than 30 days?
A first payment default , is when a bank calls the loan on your car because you are late on the first payment, 30 days or not, actually acording to your service agreement you are late like 4 days after the due day. they take it as a personal insult when you miss the first payment, also as a sign of things to come. usually if the repossess your car for a first payment default they will not give it back if you catch the payment. they will call for the full balence on the note and send the car to auction. Check out www.stoptheRepoman.com for other answers like this.
What are the repossession laws concerning a title loan company and are they able torepossess a vehicle 2 weeks BEFORE the first payment is due?
The repossession laws will vary with each city/state. A title loan company can't repo a car if the payment is not yet due unless the car is behind on payments.
How many days after your car payment is due can your car be repossessed?
Legally, ONE.Actual practice?? 3-60
How soon can a car get reposessed in Florida?
12:01 am of the day after your payment is due
What can you do if you are a month past due with your car monthly payment?
Pay it as soon as possible.
Can you pay double next month if you skip current payment for car insurance?
No, but you could pay double the payment when it is due and not pay the following months payment.
