Cut off phone in the Deed of Trust effortlessly

Aug 6th, 2022
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How to Cut off phone in the Deed of Trust

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- Hey everyone, my name is Paul Vojchehoske and welcome to the Real Estate Classroom YouTube channel. Before we get started, please do me a favor. Give this video a thumbs up, hit that red subscribe button and click on the notification bell. In todays video were gonna discuss whats called a deed of trust, or sometimes called a trust deed, depending on what part of the country youre operating in. Now, I did a previous video on, excuse me, the promissory note and a mortgage. A promissory note, the mortgage, and a deed of trust all kinda go hand in hand together. So if you have not watched that video yet, I highly recommend that you go watch that video first, then come back to this one. That will make this video make so much more sense. And Im gonna put a link right up here in the upper right hand corner of your screen to that video. So thats my recommendation. All right, so are you ready? Lets talk about deeds of trust in this video. (upbeat music) So what is a deed of trust? Well

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Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.
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The short answer is yes, yes you can have a mobile phone contract while youre in a Trust Deed. A mobile phone is an expenditure that is approved in almost all cases if the contractual amounts are reasonable.
Cell phone debt has a federal statute of limitations of two years. After the statute of limitations has expired on a debt, it is considered time-barred. Debt collectors might still try to collect payment on this debt, no matter how old it is.
Advantages of trust deeds There are a number of advantages to trust deeds. First, you dont have to deal with your creditors and they will no longer be able to contact you to try to recover their money. The debt also becomes more manageable as you make only one monthly payment, which is affordable and frozen.
At that point, they may decide to blacklist the phone so it wont work on any network. As long as there is any payment remaining, the phone wont be unlocked for use on other networks. Also non-payment will have an impact on your credit.
A trust deed remains on your credit file for six years, a timescale that exceeds the term of most trust deeds which are generally completed in three or four years.
The bottom line is, if you want to sell your financed iPhone or Android smartphone you are free to do so whenever you want to do so. Just remember to disclose the device payments upfront to ensure a smooth transaction.
Your mobile provider could cut your phone off so youre unable to make or receive calls. If you dont take steps to deal with the debt, your account will default and the contract will be cancelled. The mobile provider can then take action to recover the outstanding bill, following the normal debt collection process.
Your mobile provider could cut your phone off so youre unable to make or receive calls. If you dont take steps to deal with the debt, your account will default and the contract will be cancelled. The mobile provider can then take action to recover the outstanding bill, following the normal debt collection process.

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