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Does the co signer of a loan have to be notified through a certified letter before default and repossession occurs?
Wiki User
∙ 19y ago
NO, co-signor is only notified when its time to pay the loan.
Wiki User
∙ 19y ago
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Credit card debt default and asset seizure?
A company can seize assets doe to credit card default if they obtain a judgment through the court. You will be notified of the court date.
How do you know if your wages are being garnished?
when there is a garnishee on wages, it has to go through a court that way you will be notified by the company and the court.
Can you get a student loan default off credit?
Actually, the default will stay on your credit indefinately until you get out of default. Student loan default on Federally Guaranteed student loans has no statute of limitation. If you consolidate your defaulted student loans, they will show up as Paid In Full on your credit report. You can get help with the consolidation of your student loans through www.defaultms.com Any default is going to stick around for about 7 years.
Can the your income tax refund be garnished?
I had a car that was financed through HSBC repossessed last year. It was repossessed. Can HSBC take my federal income tax refund for this repossession?
Can wages be garnished for the balance of car loan if the vehicle was turned in for repossession in Maryland?
Yes. Even though the vehicle was repoed, they could take you to court for the remaining balance, or what they didn't recover through resale of the vehicle. You would be notified that you are being sued, and have the opportunity to go to court in your defense. If the court finds in favor of the lender (which they generally do), you could have your wages garnished. That may be the point where you have to decide if bankruptcy may be right for you. Bankruptcy would stop those proceedings and keep your wages from being garnished.
Credit card debt default and asset seizure?
A company can seize assets doe to credit card default if they obtain a judgment through the court. You will be notified of the court date.
How should you be contacted if the car you cosigned on is being sold?
In a few states both the primary borrower and the cosigner must be notified by the lender through a "Right To Cure" notice before repossession action can occur. In Wisconsin a replevin order is necessary before a repossession can take place, but the cosigner is not always notified. In the majority of states the lender does not need to give either the primary or the cosigner notice of repossession action.
Can a car go through repossession without sending a right to cure-default notice?
The majority of states allow for a repossession as long as there is no "breach of the peace." There are a few states that require a Right to Cure letter being sent out roughly 20 days prior to a repossession. You need to check your state law.
When does not allowing car repossession become a crime in California?
Probably as soon as there is a "breach of the peace" (during the hookup). If it is no longer your car (through default on the loan), you have no right to possess it or prevent its rightful owner from repossessing it.
Can you negotiate a car pay off?
Sometimes yes. In some situations, such as default on a loan, the lender will take into consideration that something is better than nothing or less than the settlement amount. In cases where the vehicle is or soon will be up for repossession, the lender may feel it is better to settle for a lesser amount, than to go through the trouble to send the account for repossession, and conversion of the collateral, as well as attempting to secure the additional fees that come with and follow repossession actions.
Can I become a certified CNA through online courses?
You can become a certified CNA through online courses. http://nursingassistantguides.com/the-best-online-certified-nursing-assistant-cna-schools-and-programs/
Where can I find a certified accountant to help me?
You can certified accountant through a phone book. You can find a list of certified accountants at www.certifiedpublicaccountants.com/ or www.aicpa.org/.
How do you find out where your car was taken after being repossessed in South Carolina because you need to obtain your personal belongings?
Answering this with common sense, contact the repossession company. You probably got some form of communication telling you your car was being repoed. Try looking at letters and look for contact information. You can also look through your local phone book to see which companies do repossession work in your area. You could also contact your original loan company because usually lienholders have contracts with repossession companies to repo their cars from people should they default on their loans.
What can you do if there is a judgment against you that you weren't notified of?
You can contest it to see if it was properly executed. If your whereabouts were unknown, then the plaintiff should have notified you publically through a newspaper ad in the Legals. Then you can be sued in absentia.
Where can one get a certified security consultant?
One can get a certified security consultant by looking through local business listings. Hiring a good certified security consultant is best done through a recommendation from a current client.
Is repossession a form of dissipating or disposing of marital property?
No. Repossession is the procedure used by a creditor to take back property through a judicial processes, foreclosure, or self-help when a debtor fails to make required payments.No. Repossession is the procedure used by a creditor to take back property through a judicial processes, foreclosure, or self-help when a debtor fails to make required payments.No. Repossession is the procedure used by a creditor to take back property through a judicial processes, foreclosure, or self-help when a debtor fails to make required payments.No. Repossession is the procedure used by a creditor to take back property through a judicial processes, foreclosure, or self-help when a debtor fails to make required payments.
What are my rights for auto reposession in Colorado?
The car company generally has to give you notice before going through with a repossession. Also, they should give you the opportunity to pay the outstanding bill before resorting to a repossession.
