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Can the finance company file criminal charges on a charged off car loan if the car is not turned in?
Wiki User
∙ 12y ago
Yes. They can file criminal charges since they are the direct owner of the vehicle since you have defaulted on the loan. When you are in repossession status, you really need to not run from them because they have the power to add your VIN number to the police and report as stolen. You do not want to runaway from the lien holder if you are in default. This can lead to Auto Theft or Grand Theft Auto depending on how much the car is worth
Both are at least Class C and B Offenses in most states. So I suggest you return the car ASAP to avoid of getting charged.
Wiki User
∙ 12y ago
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Can a interest be charged on a late fee?
No. But what will be charged on a late fee, will be reflected on something known as your your finance charges. Finance charges will go up if you are late making a payment on your credit card.
Can a company that is not a finance company charge interest and finance charges to someone it has lent money?
Yes.
Your vehicle was repossessed and the finance company charged you ''storage'' fee on the invoice to get your vehicle back can the repo agent still charge for storage?
no because the storage fee that the finance company charged you was what the repo company charged on the invoice. the finance company had no other reason to charge storage fee's they did not store it
Is there a legal limit to late fees in Michigan?
Is there a legal limit to finance charges that can be charged in the state of Michigan?
What is the meaning of finance charges IPP?
Finance charges-ipp
Will a finance company settle a charged off auto loan since they didn't repo it?
A finance company could settle the auto loan. You simply need to get in touch with the company and make an offer. Be sure to get any agreement in writing.
What is finance cost?
Finance cost is the interest charges paid by company to borrow money from open market or debt collected from external sources and also any money spent to get finance for company is also included in finance cost.
Monique's previous credit card balance is 199.26 and she has a monthly finance charge of 1.5 How much will the credit card company assess in finance charges on this balance?
$2.99
What is the maximum interest rate taken by a finance company on unsecqured loan?
in my point of view they can charged 36% yearly
How long after a missed car payment does the finance company repossess the vehicle?
The question is, "Why would you worry about a missed payment when you have interest in the vehicle?" The money that you used as your down payment and any payments you have made total your interest in the vehicle. Why are people running from the repo man when in fact you can place the finance company on notice that, if your interest is repossessed, you will file criminal charges in federal court against the finance company and get triple what the car is worth. I guarantee you they won't take it. You can also put a mechanics lien on the vehicle to protect your interest in it.
Where are the headquarters of the company Finance Credit?
Finance Credit is a company that no longer operates, having gone bankrupt in 2002. There was much scandal over their closure, due to a criminal investigation into siphoning funds. The founders of the company are currently serving prison time, in Norway, where the company originated.
Can a repo agent be charged with grand larceny?
Only if they do not have the correct paperwork from the finance company whom has the right to repo the vehicle.
