For simple interest contracts, a
portion of your monthly payment is applied towards the amount of the obligation
– the principal – and a portion of the payment is applied towards paying the
finance charge – the interest. A greater percentage of your monthly payment is
applied to interest early in the life of the contract, and a greater percentage
is applied to the principal at the end. Thus, the principal balance decreases
slowly at first and more quickly closer to the end of the loan term. Since
interest charges will accrue daily on past due amounts for simple interest
contracts, the actual amount of finance charge and the actual amount of your
final payment will depend on your payment record. If you make payments after
the scheduled due dates, you will pay more finance charge (e.g., interest) and
you will have a balance remaining after your final scheduled payment. Depending on the number and severity of late payments, the final balance
may be significant (i.e., much more than the regular monthly payment
amount). If that occurs, you will have the option to pay the remaining
balance or to continue to make monthly payments in the regularly scheduled
amount until the balance is resolved. If
you make every payment before the due date, you will pay less finance charge.
First Investors Financial Services does not maintain a
relationship with the third party bill payment service DOXO. First Investors
Financial Services does not impose a fee when making a payment with us directly
via ACH. DOXO and other companies are not affiliated with us and you are not
obligated to use their services.. If a bill pay company claims to be affiliated
with First Investors Financial Services, please let us know via telephone at
800 234 0971 or e-mail us at email@example.com.
If a payment is returned due to insufficient funds or uncollected funds, First Investors may choose to resubmit the payment a second time if the payment is eligible for resubmission. Resubmission may occur up to 7 days after the original payment date.
Receipt of your physical
title depends on whether or not we are in possession of the physical title or
if our lien has been recorded electronically. In either case, we will
release our lien within a reasonable time following payment in full for the
satisfaction of the balance of your account. The timing of the
release is determined by form of the final payment (e.g., bank check,
dealership check, certified funds, or personal check). If we are in
possession of the physical title, we will mail the title to you using the
address you have on your account. If your address has changed, please let
us know. Delivery of the physical title may also be influenced by delays
in the U.S. Postal Service. If you have not received your released title by
the 20thday following the processing of the final payment, please
contact us at firstname.lastname@example.org. In some states our lien
is recorded electronically. In those states, we will notify the state of
our lien release and the state will provide you the physical title. You
should contact your state DMV for their completion times because it varies from
state to state. Electronic (paperless) states
include: Arizona, California, Colorado, Florida, Georgia, Hawaii,
Idaho, Iowa, Kansas,Louisiana, Maryland, Massachusetts, Nebraska, Nevada, North Carolina,
Pennsylvania, South Carolina, South Dakota, Texas, Virginia and Wisconsin.
Documents should be uploaded to the website: https://www.myinsuranceinfo.com
Contact number: 800-998-0762 Fax number: 844-302-2535.
If you need immediate assistance please email email@example.com
with the insurance declaration page.
First Investors Servicing Corporation
Attn: Compliance Department
3065 Akers Mill Rd SE, Suite 700
Atlanta, GA 30339; or
Please make sure to include the specific information being disputed and to provide any information you have to substantiate the dispute. We do not require a particular format, but the CFPB offers helpful advice concerning filing a dispute:
*Consumer reporting companies and furnishers may not limit a person’s dispute rights: Consumer reporting companies and furnishers must reasonably investigate disputes received directly from individuals. For furnishers, they must reasonably investigate all indirect disputes received from consumer reporting companies. These requirements remain in place even if a person does not include or use the entity’s preferred format, intake forms, or documentation.
|There are many factors that can impact your credit score. We are unable to determine how the information on your credit file impacts your credit score. For additional information regarding your credit score, you may contact the consumer reporting agencies directly.