Yes they can. Whomever you owe money too, sit down and start writing those letters to one or more companies you owe the money. Explain your circumstances, then send the letter(s) Registered Mail (this means someone at the Company such as the Accountant will have to sign for your letter) and be sure to keep a copy of the letters you write. Make a good effort to pay what you can afford. If you pay $10 - $20 on a credit card debt and have written the company they can't legally do anything about it. You can also have them lower their interest rates! Marcy No they cannot threaten any action whatsoever, as stipulated in the FDCPA. Any collection agency that alludes or actually threatens a consumer/debtor is subject to being fines and other penalties. Such action should be reported to the involved party's to the justice department of the state attorney general office.
The car company the introduced the Phantom Car collection is Rolls Royce. These cars are made in the United Kingdom and each car is made to suit the customer.
No, that is the job of the company that gave you the loan. The repo company can take your car the second they find it, but the real expense and trouble comes from the loan company you stole from. If you do not release the car you are in possession of stolen goods after a court judgment.
I don't think they can take your primary car or home but they can make your life a living hell. Ask a lawyer just to be on the safe side.
It depends upon the amount of vehicle exemption that is allowed by the state in which the car is registered or was purchased.
A credit card company can sue you and receive a judgment in court demanding you repay your debt, but they can't take your car (or any other property) or put you in jail. Check out the Fair Debt Collection Practices Act for your rights as a consumer.
Yes they can take the car were they need for safe storage. Just FYI if the repo company has the car it's no longer yours.
Collection is an attempt to get money or property from someone who owes money but has not payed. A hospital might have a collection agency call to attempt to get payment for past medical bills, while a loan company might use a repo company to get back a car that was never paid for.
A credit card company can sue someone for defaulting on debt. When they do this, they can be awarded a judgment. If the debtor has assets, such as a car or checking account, then they can be awarded those things. For property, usually the items are auctioned so that the collection agency (credit card company) can get the cash. If the person is deceased, you may be able to transfer ownership of the car before the credit card company tries to take it. Unless you are listed on the debt as a joint account owner, you are not liable for it. the FDCPA spells out your rights in terms of debt collection.
yes they can call and take such action with the loan company that the loan company can then decide to take your car or call in the loan for full payment
Contact the lending company.
In 2006 a credit card collection company took my 1997 Pontiac Grand Am...I called the police, but they had paperwork to prove they could take it, thank god the motor was blown...now they are still coming after me with the same balance as I had before they took the car.
If you have not settled with the insurance company you will have to take it back. If the insurance has paid out it is their car.
The company Car Transplants is about breaking down various injured vehicles for money. They will pay you to take in your new car and rip it out for parts.
That depends on several things. The first is the finance company that has the note, then the recoverey company they hire to come and get the car and the last is how long it takes to find the car. It can take a day or months.
It should not take very long to finance a car, depending on the car's model, condition, etc and also the finance company you are financing the car from.
why not call a car rental company and ask them?
If you mean can the dealership take your car, if you don't make your payments. Yes. Usually the finance company will take your car, because the dealership has already passed your account to the finance company. If you have made a deal for a car that the dealership later discovers you don't meet the financial criteria, they will take your car back and offer you a lesser model for deal that suits your budget better.
What is the most expensive car in Jay Leon's collection
The Ford Motor Company
Sure ... as it is not YOUR car ... you are not the OWNER of the car ... the loan company OWNS the car outright. If you do not pay for something that you buy on time, the loan company has every right to take it back. You see, they hold the owners title on the car, so it is theirs to take away if one does not make the payments anymore.
Yes. You are responsible for the car and having an accident in it shows that you didn't take proper care of the car.
As long as it takes to get it back.