You can but it will still negatively effect your credit score. It is better to voluntarily turn it over then have it repossesed.
Interest
the amount of money you have borrowed from the bank which you must pay back over 25+ years.
Since private student loans are given by various private companies, the time available to pay them back is going to vary by the company holding the loan as well as the amount borrowed and other terms within the contract of the loan.
Credit card companies can charge what they like in fees. It's up to the user to make sure they use the card responsibly - and not default n payments. However - doubling the amount owed on the card is rare !
The interest rate is the annual charge levied on you loan. If you borrowed 100 units of local currency and the interest rate was 10% then you would have to pay 10 units of local currency each year while you owed the 100. The monthly payment amount is the amount you pay back each month to pay back the money you have borrowed. Thus if you borrowed 100 at 10% interest and were to pay this back over a year your month payment amount would be (100+10)/12 = 9.166666666666667 a month for a year.
Yes - unfortunately you didnt borrow a car, you borrowed money. Your car has depreciated faster than you have paid off your loan it is your responsibility to pay the rest not the finance companies.
Interest
call the finance company and tell them that you want to do a voluntary repossession and they will take it from there.
Then the car was never yours - it 'belonged' to the finance company until you have paid the full amount. When a person buys something they pay the seller the purchase price - you didn't pay that money, the finance company did, so they were the buyer and you were using it with their permission until you paid the price to them. The finance company will benefit from any transactions concerning it.
It depends on the amount borrowed, the term it is borrowed over and the interest rate charged. Generally you will be charged around £30 per £100 borrowed over a 30 day term.
YES.
If the driver was uninsured or only had liability insurance, they would be liable to still pay the finance company back or face a lawsuit.
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
You still have rights to recover the vehicle. The finance company may help you look for it if they're desperate enough to get it back. Even if your car was insured, you would legally have to payback the finance company for the car since you broke a binding finance contract.
the amount of money you have borrowed from the bank which you must pay back over 25+ years.
They can keep the money you already paid.
You are in trouble only if you borrowed a large amount of money to buy the stock, then you are obliged to pay it back. If it was all your money, that's all you lose no more.