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YES, make a serious offer. You do have leverage you can threaten them with Bankruptcy which means they get nothing, zero.Do not be afraid to use this or do it.. recovering from chapter 7 or 11 is much easier than it used to be.

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โˆ™ 2005-05-04 12:19:32
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Q: Do lenders ever accept settlement offers on the deficiency owed after a car is repossessed?
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Related Questions

Is there anyway to reduce the deficiency one your car has been repossessed?

You would have to negotiate that with the creditor. Many are willing to accept settlement agreements to have the deficiency paid off.

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It has a deficiency of electrons, it is willing to accept electrons.

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Lenders actually require a checking account and routing number. Storefront lenders will accept starter checks as well. David Schmidt, PLDR

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.

Can you get a cash advance if you owe another lender?

Yes. You will have to request a higher loan amount. However some lenders do not accept new loan requests from other payday lenders.

If you accept a workers compensation settlement can you still sue company?

Hi~ Usually a settlement will include that there is no other recourse for matter; so no, I do not believe you can - if you have such agreement with your settlement.

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What to do when your dealer don't accept your payments after your car has been repossessed?

you take your payments to pay them and say im here to pay them kthxbye

How much is the cash settlement amount from an insurance company for an auto accident?

As little as they can get you to accept.

How much does a repossessed vehicle sale at action?

Truthfully a repossessed vehicle sells for what the bank is trying to get out of it and that is usually what is owed on the original loan and sometimes they will accept less for a number of reasons just to get rid of it and that would be damage to the vehicle, age and mileage.

Can people with Glucose-6-phosphate dehydrogenase deficiency give blood?

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Can your car get repossessed if you are not 30 days late with payment?

Yes. Most lenders give customers 10 to 15 days grace to make a payment or for a payment made to post. However, by the language of most car notes, anything past a certain period of time (usually two weeks) is considered delinquent, and the balance of the loan is owed. The lender at this point is not required to accept anything less than payment of the remaining balance. And, the vehicle can be repossessed at any time to secure payment of the remaining balance.

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Yes but the majority of lenders don't accept them. We have lenders that will accept them for mortgage loans in Orlando or any other city in Florida. Call or email us for details.Jose MoralesInnovative Mortgage

Can a motorcycle be repossessed if you haven't made payments in 6 months and then started making payments again?

Technically you breached the contract with the lender if you did not make payments in 6 months. They actually have the right to NOT accept further payments from you. So yes, it can still be repossessed.

If you accept a workman's comp settlement offer how long will it be before you get the check?

it should be about 2 weeks.

Will a cash advance company accept settlement for debt?

They usually will. they will give a minimum amount they will settle for.

If you try to accept a settlement offer from a creditor after the expiration date can they deny you the settlement amount and garnish your wages?

Yes, they can. Hoever, they can only garnish 25% of your pay after taxes.

Is it true that a settlement cannot be done on medical or utility bills?

This is not true. You can offer anyone a settlement on anything at anytime. They can choose to accept or deny the terms, or continue to negotiate.

How long does it take to receive workers comp settlement check?

In the state of Illinios once you accept an settlement offer how long does it take before you should receive a check?

What are the remedies when a lender agreed to accept payment in full the following day but reposessed the night before anyway?

Lesson learned: Lenders LIE !!!!!!!!!!!!!!!!!!!!!!!!!!

Your car was repossessed. you have to make an offer of payment. if they do not accept the offer can they force bankruptcy?

They can't force you into bankruptcy, that is a choice you have to make based on your ability to pay your debtors. When a car is repossessed it is sold and you have to pay the difference between what you owe and the cars sale price.

If you have two credit cards in good standing with only four months of credit report are there any lenders that accept limited history?

Yes, many do.

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That depends on the lending institution, but most lenders will accept an out of state cosigner as long as the person qualifies.

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Through debt settlement programme people can save their lots of money. Getting the debt details of customers debt settlement agents starts their work. fast they contact the creditors and make them accept a 40 to 50 percent settlement rate. The companies finally accept that condition because otherwise they could get nothing. Some times people spend much money in credit but atlast they don't paid off the full. But their creditors will take all money from them, in that case debt settlement is very essential for the debtors. Debt settlement companies can manage this problem and clear the debt after a settlement process.

What a credit score of 650 mean?

It means you have a score a little below average and in the "fair" to "less than fair" range. Obtaining some types of credit may be difficult. Traditional lenders may not accept that score and alternative or specialty lenders may be required.