Yes, if the lending agreement was in default and the lender found it necessary to implement collection or repossession action at their expense. The majority of financial contracts contain clauses allowing the lender to charge the borrower additional fees and penalties for, late or missed payments, collection or repossession costs, and so forth.
You present proof that the repossession never occured. You can dispute it with the credit reporting agency.
It is an outstanding unpaid bill that a company has claimed a lien on your account to pay for. It may be a car repossession that has never been paid off and all other contact has been ignored and/or the payment criteria has not been met.
collection i believe is a company that sets you on a payment plan to make it easier for you to pay. charge off you will never beable to get credit it is paid off but you will never be able to get a loan To my knowledge, charge off means the business charged it off as a loss and collection means they are pursuing the person for the money or paying an agency to pursue the person for the money.
If you go over your credit limit, you credit company will charge a fee and report your overage to the major companies that track your credit score. It is wise to watch spending the and never go over your limit.
This company is a scam. They ask for money as collateral for a loan but you never receive the loan. Do not deal with this company!
In multiple years working in the industry, there has never been a never. The repossession company will eventually find your car, even if you chop it up and sell it for parts. I done found them this way myself.
If not recovered within first three weeks after loss, chances are it will never be recovered. Only about 30% of cars are recovered
Titanic herself will never be recovered but she was discovered on Sept. 1st, 1985.
The second to last sentence should read - Never will a voluntary repossession cost you MORE than a forced repossession. A repo is a repo. Voluntary Repos will, in most cases, save you money due to the cut in fees associated with the repossession. In some cases these fees will not be any less and the cost of a voluntary repo and the cost of a forced repo are the same. Never will a voluntary repossession cost you less than a forced repossession. Either way, voluntary repossession is the decision I would make, due to the possibility of a lesser cost.
contact the lending institution and offer to make partial payment in exchange for the title.
You present proof that the repossession never occured. You can dispute it with the credit reporting agency.
NOOO! and they never will
the battle of Gettysburg
A Vermeer painting called, Concert, 17 years ago from the Gardner museum, in Boston. It has never been recovered. Source: NPR, All Things Considered, 5/31/07.
Most attorneys love 'wrongful repossession" cases. Call one in your area.
His mummy has never been recovered.
No, Michel Trudeau's body was never recovered after he was swept away by an avalanche in British Columbia in 1998.