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The car isn't damaged, the debtor's credit rating is. There is no permanent record of the car as a repossessed vehicle like there is for a salvaged title.

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โˆ™ 2005-09-27 03:23:40
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What is forfeiture

Which of these is the best description of delinquency

Which term is defined as property that is pledged as security on a loan

This is Paula's monthly budget What percent of her expenses is spent on insurance

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Q: After you buy a repossessed car does it stay marked as repossessed as long as it is driven even though it is paid off?
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Can you buy another car even though is repossessed?

If you have had a car repossessed, you have not kept up with the payments. You probably still owe money on the repossessed car. In these circumstances, the fact is that you can not afford to purchase another car and would not be able to obtain the finance to do so.


If you already have 1 car repossessed does having a 2nd repossessed hurt your credit even more?

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Can you still owe money after your mobile home is repossessed?

Yes. The home was repossessed because you failed to make payments you contracted to make. Even though you no longer possess the home, the contract is still in force and must be satisfied unless the lender forgives it,


If someone has a motorcycle in their name but someone has the property and is behind on payments can the motorcycle be voluntary repossessed by the main name even though someone else has the property?

Yes it can.


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Self-driven means that you are motivated to accomplish something without an external reward. For example, you may be self-driven to be the first person to arrive at work everyday even though it doesn't result in a raise or promotion.


Can your car be repossessed out of your driveway?

Yes, even if there is a locked gate they can reposes your vehicle.


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Can you take possession of the car if the borrower stops making payments even though they have been paying for a year?

Only if your name is on the title, and only if the primary borrower defaults and the vehicle is subject to being repossessed by the lender.


Can a car be repossessed when another car is parked behind it?

Yes, a car can be repossessed even if another car is in front of it. The person in charge of repossession the vehicle can call the police to help them get the car.


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Even though the A/C unit is outside, the breaker for it will be in the entrance panel box inside your home. It should be clearly marked.


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