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Is it better to pay the principal or interest?
When you pay extra payments directly on the principal, you are lowering the amount that you are paying interest on. It can help you pay off your debt much...
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What happens if you can no longer afford your car lease?
If you miss payments, the dealership or finance company you lease your vehicle from, known as the “lessor,” may be entitled to repossess the vehicle. Your...
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Can you return a financed car?
Depending on the auto dealer, you may be able to return a financed vehicle within a specific time period and cancel the agreement, usually within three da...
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How do you negotiate a deficiency balance?
In your letter offer to settle the deficiency balance for 20 percent of the balance. Continue negotiating through letters if the creditor balks at your in...
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What happens to parent student loans when they die?
Parent PLUS loans are federal loans parents take out to pay for their child’s undergraduate education. If the parent borrower dies, the government dischar...
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What are payment terms?
Payment terms outline how, when, and by what method your customers or clients provide payment to your business. Payment terms are typically associated wit...
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What is a guarantor liable for?
A landlord may require a guarantee before letting a property, with the guarantor being liable for unpaid rent and damage to the property. Is a guarantor l...
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Can you get arrested for hiding your car from repo?
Yes. It’s called “hindering a secured creditor.” The creditor (bank, lender, etc..) has a property interest in that car. If you hide, destroy, sell, strip...
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Can you recover a repossessed car?
Often, a bank or repossession company will let you get your car back if you pay back the loan in full, along with all the repossession costs, before it’s ...
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Why are cars top speed electronically limited?
Your kinetic energy increases with the square of your velocity and many cars with speed limiters are sold that way because the tyres they’re sold with as ...
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