Your municipality may (but should not) charge interest on deferred payments to cover the costs. Payment agreements are legally binding contracts between two parties. In most cases, these contracts are concluded in writing, but oral payment agreements can be legally binding in the same way as written agreements. It is a good idea to write any form of payment agreement in writing, so that there is a reference for future use in the event of a dispute. After being signed by the creditor and the debtor, a letter accepting payment in installments becomes a formal legal agreement. If you or a loved one already live in a retirement home but were not aware of the late payment option, you can still ask the Council to consider one. If you opt for a TPP, the terms of this agreement remain applicable. We give your TPP the same technical interface that you have access to, allowing your TPP to access information about your electronic money account and initiate payments on your behalf. Although you are generally not allowed to transfer your Stripe account to others, you can pass it on to a TPP if it is necessary to allow them to make their services available to you. We may deny a TPP access to your electronic money account if we reasonably believe that the TPP is acting on an unauthorized or fraudulent basis. We will tell you if we do it if it does not jeopardize our security measures or if it does not, it would be illegal. The payment plan in your credit contract depends on how the borrower makes payments.
As a general rule, there are three options: whether it is payment plans, futures contracts or payment agreements, the result is always the same; They either pay money to someone or someone pays you. The latter option is generally better, but the first option is generally more likely. Payment agreements are an integral part of daily life and, in the case of payment agreements, there may be penalties for breaching the agreement. If you are entitled to a deferred payment, the Commission is likely to ignore the value of your property for the first 12 weeks of your stay in a retirement home. This should allow sufficient time for the purposes of the agreement. Read more in our article on the 12 weeks of real estate failure- Care financing works differently in the UK. Paying the home fees is complex and depends on many things that are unique to you. If the amount, date or frequency of your debit system changes, Stripe will notify you of a working day before your account is debited or as agreed. If you ask Stripe to collect a payment, you will receive confirmation of the amount and date at the time of application. If an error is made when you pay your debit, Stripe or your bank or real estate credit union, you are entitled to a full and immediate refund of the amount paid by your bank or real estate credit union. If you move into a retirement home and most of your money is spent in your home, your local authority can offer you a deferred payment contract.