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YES, read your contract again to see what you agreed to. Tx is still part of the United States so the laws are still (mostly)uniform across the land.

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βˆ™ 2015-07-15 18:46:23
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Q: Can the finance company or bank take you to court in Texas for a balance remaining on a voluntary repo that has already been resold?
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Related questions

What if the company that repoed your vehicle sells it for less than you owe?

They will look to you for the remaining balance


If you voluntarily return a vehicle to the finance company are you responsible for the balance after the sale of the vehicle?

Yes, a voluntary repossession does not mean the buyer is not responsible for any of the remaining loan debt according to the original contract terms or for any additional fees.


What happens if you can't pay any remaining balance on a repossessed car and do not have a job?

The car will be sold at auction. Whatever it sells for at auction will be deducted from the balance remaining. The credit company may initially offer to accept a reduced amount on the balance, but, if you're unable to pay that, they will turn it over to collections for the full amount of the balance remaining.


Is commission a balance sheet or income statement account?

If commission is received or paid and benefit of which has already taken by company then it is an expense or income of company and will come in income statement but if the benefits are already not taken then it will be asset or liability and will be shown in balance sheet.


What happens to a vehicle if the financial company says they don't want it and they sue the owner for remaining balance after repossession and sale?

If the finance company has sold it, you have you answer. How can you be so stupid?


If I foreclose on my house can the attorney come after me for attorney fees?

What I know about this is that a mortgage company that forecloses your house has no right to get the remaining balance to you.


Where do you find positive and negative numbers in finance?

In a company balance sheet.In a company balance sheet.In a company balance sheet.In a company balance sheet.


What do I do with a car that was voluntarily repossessed and the finance company won't come and get it?

While most creditors will allow you to have your vehicle voluntarily repossessed, some lenders will not accept them. Your best resolution in this case is to contact the finance company and determine why they will not collect the vehicle. Ensure that they are indeed accepting the voluntary repossession. You will still be required to pay the remaining balance unless you are told otherwise.


How do you use voluntary in sentence?

The company sponsors the charity drive, but participation by employees is voluntary. Some staff meetings are mandatory and others are voluntary.


Why creditors would be interested in the balance sheet of a business?

Creditors are interested in balance sheet to check that how much money company has already taken as a loan from other creditors and how much assets are pledged and will company be able to return credit or not.


What happens when your car is repossed?

The company physically takes possession of the car. They sell the car, and apply the sale price to the outstanding loan. You are then responsible for the remaining balance.


If a company has overdrawn its bank balance then what is the answer?

if the company has overdrawn it balance that means the company ow the bank' in other words the company had made an overdraft, it is the liability to the company..

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