According to Nolo, a legal advice website, you can simply call the dealer and return a financed car, but the lender is under no obligation to release you from the debt owed. The lender may sell the car, but you may still be found liable for the difference between the price the lender gets from reselling the car and the price you agreed to pay.Know More
When you are having trouble making car payments, the best thing to do is contact the lender and try to work out an arrangement, according to an article on the Fox News Network website. Some lenders allow you to trade down into a less expensive model, while others may extend the loan term, which lowers your monthly payment.
Turning in a financed car is still a better option than having it repossessed. According to Fox News Network, repossessing a car costs the finance company up to $8,000. You may find yourself liable for these charges as well if you are unable to come to an agreement with the financing company. If you are unable to afford your financed vehicle, your lender may allow you to find someone who will assume the payments. However, this can be difficult to accomplish, as the new buyer has to be deemed creditworthy by the financing institution.Learn More
Interest paid on credit cards is expressed as an annual percentage rate, or APR. Therefore, if a credit card has a 20 percent APR, the credit card holder will pay 1/12 of that rate monthly, which is added to the credit card balance.Full Answer >
There are dozens of options for spending the Citi ThankYou Rewards points, including electronics, gift cards and Amazon shopping. With the flexibility of the rewards points program, users can choose how to use their points to best suit their personal needs.Full Answer >
Argos is a retail chain in the UK and Ireland that sells a wide variety of goods such as clothing, toys, electronics and so on. You can also purchase items off their website. Getting an Argos credit card makes purchasing easier and also allows you to spread out payments over several months for large items.Full Answer >
To make bi-weekly mortgage payments, a borrower pays half of his monthly mortgage payment every 14 days instead of the full mortgage payment once per month. Borrowers can pay their mortgages this way by mail, online or through automatic bill-payment systems. Because there are 52 weeks in a year, bi-weekly payments result in 26 half-mortgage payments, the equivalent to 13 monthly mortgage payments.Full Answer >