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What else can I help you with?
Can a lender garnish wages after repossession in North Carolina?
Yes a lender can garnish your wages after a repossession. If the resell value of the item does not cover the cost needed to repay the lender, you are still responsible for paying the balance.
If you are threatened with a repossession can you pay the balance before they repossess the car?
IF the lender accepts it you can.
Are the Lender of a repossession allowed to charge a storage fee and a repossession fee in the state of California?
In the state of California, the lender of a repossession may only charge fees that it incurs and that are in the contract. If the lender pays for the storage or houses the repossession, then yes, the lender is allowed to charge both a repossession and a storage fee.
Can a lender garnish your wages and income taxes after repossession?
IF they have a JUDGEMENT for the balance due, they can garnishee your wages. Income taxes?? NO
Does it help your credit if the lender agrees to accept a lesser amount than owed on a repossession balance?
It helps your pocket but NOT your CR. The repo is still there unless you negotiate with the lender to remove it also.
How far behind on payments can you be before a company's reposes your car?
Typically, a lender can repossess your car after you are 30 days behind on payments, though this can vary by state and lender policies. Some companies may offer a grace period or try to contact you before initiating repossession. It's essential to review your loan agreement for specific terms regarding delinquency and repossession. If you're struggling to make payments, contacting your lender may provide options to avoid repossession.
Liability of debtor after vehicle repossession in state of Texas?
The debtor is liable for the payout balance of the vehicle less resale amount. Additionally, he must pay any repossession fees, storage fees, transportations fees, interest from the lender, and penalties. In the evnet these are not paid, the lender will have no other recourse but to sue for the balance along with court costs, and legal and collection costs and fees.
Can a repossession agent take a vehicle without waiting for the borrower to show proof that payments have been made?
Yes. It is perfectly legal for a repossession agent to take possession of a vehicle when they are acting on behalf of the lender. The repossession agency does not have the option of allowing the borrower to retain the vehicle even though proof is presented that payments have been rendered. Such issues are strictly between the borrower and the lender. The lender and/or court being the only parties that can rescind the repossession action.
In Nevada How do i find out if my car has been repossessed?
To find out if your car has been repossessed in Nevada, you can start by contacting your lender directly, as they will have the most up-to-date information on the status of your vehicle. You can also check with local towing companies and repossession agencies, as they may have records of repossessed vehicles. Additionally, you can look for a notice or letter from your lender regarding the repossession. If you are still uncertain, you may want to review your credit report, which might reflect the repossession.
If you return a car to the dealership which financed it will it still be considered a repossession even if you have to pay off the balance?
YES, unless the LENDER decides not to report a repo to the CA.
You returned a car you purchased because you could not pay for it?
That is called voluntary repossession. You will be required to pay the difference in what the lender sells the vehicle for and the balance on the note after that amount is applied to the loan. You did avoid repossession fees by voluntarily turning the car in. Your credit will also show this repossession for 7 years.
What are your rights if a collection agent has recently began calling about the balance due on a 13-14 year old repossession?
DID the lender get a judgment for the balance due? Demand verification of the debt from CA. NO verification, NO PAY...
