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Reposession can take place after one missed payment. It all depends on how much you owe vs the bluebook value of the car. If you owe 100 on a 12k loan chances are you wont get repo'd more just like getting a call about it. If you ever late or know your going to be late just simply call the loan company and tell them when you will make payment more than liekly they are more than willing to work with you.
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You live in Florida you bought used car with an APR of 16 high monthly payments you have had the car for a year and you can not afford payments anymore Without ruined credit how can you get rid of car?
You have to sell the car. If you give it back, it will still look as a repossesion...a voluntary repossesion. You do not want someone to take over the payments,as there is no guarantee that the payments will be made on time. Sell the car or try to refinance the balance, it is the only way. Good Luck..
If I take my car back to the bank that financed it will they process it as a repossesion?
Yes because that is what it is.
What is repossesion?
A car repossession happens when a person falls behind on their car payments and the finance company reclaims the car. The goods they are paying for on a recurring basis are not legally theirs until payment has been paid in full. Until this happens, They will not be classed as the 100% rightful owner of the goods until the lien is removed. When the payments as stated in the agreement are not paid accordingly the repossession of the goods can be taken into effect. When this happens, then a lender can take legal action against you for the money owed to them. Some agreements allow you to miss one or two payments which can be added on at the end of the term. Please be aware that, your finance company can take your car back after missing one payment. http://www.carrepossed.com
How much time does the creditee have to give back the vehicle after a bankruptcy court grants a Release Of Motion To Stay?
That's the decision of the lender. The lender can take repossesion of the vehicle immediately. Sometimes a lender and borrower can come to an agreement to make up any missed payments and adjust payments so the car can be kept. The BK court does not usually take action involving secured debts. Unless there is a forced sale of such property.
who will take payments for dentures?
who will take payments for dentures
What is the name of any device used to take place of a missing body part?
Abduction
What the term for a device used to take place of a missing body part?
Prosthesis/prosthetic
Can a buy here pay here place take away your car if you move to another state?
No. as long as you make the payments to that place, it should not be a problem.
How can one get someone to take over car payments?
The best place to go for advice about someone taking over car payments is the local bank. They will be able to offer advice about what to do if someone is no longer able to pay their car payments.
When can a landlord take possession of an abandoned property?
If he knows for sure the property is abandoned he may repossess it immediatley, if he is uncertain he can get an order of repossesion.
What is the term for a device used to take place of a missing body part?
Prosthesis/prosthetic
What is a wild royal in poker?
A wild royal is the same as any royal, A K Q J 10 suited, except a wild card takes the place of one of the cards. For example, in Dueces Wild, up to four dueces can take the place of the missing sequence. In Jokers Wild, a joker can take the place of the missing card.
