What can be done ? Or is there a policy I heard some time ago part of the amount will be accepted bt the lender with the vehicle age. SInce the Collection customer has probably written the Title off. I would say just take the vehicle to a used car dealer and tell him you want to trade, usually he has the answer and what can be done . You will be glad to know it probably was written off. Good luck post your response
No they can't. It is strictly a service to recover vehicles that have been reported stolen.
A credit report is a record of all transations on a reported account. In the life of a vehicle loan, many things can happen. Over the typical four to five years, the vehicle may have been repossessed and then redeemed and paid off. In these cases, yes, repossession and settlement can show on the same vehicle, on the same credit report.
Thousands of reported sightings over hundreds of years.
The lender has the option of foregoing repossession and filing a suit against the borrower for the amount owed plus interest, applicable fees and legal costs.
sue the seller in small claims court to recover your losses. be able to prove you didn't know it was stolen
You can't do either. The judgment will remain until the expiration date. The judgment even if paid will remain for seven (7) years.
You will receive notices that your payments have not been received, making your auto subject to repossession, but you will not receive a date and time of the repossession.
Claimed werewolf sightings have been reported for hundreds of years. Although none has been verified scientifically.
Rare. They have been reported but usually in extreme El Nino years.
all of these
all of these
A repossession will be reported by your bank to the credit bureaus after your car has been repossessed. Obviously this will drastically lower your credit score if you owed a lot of money and if it was recent. The best thing you can do is contact your bank, especially if you have a good relationship with them and try to work out a deal. If any amount is owed you can use that as a bargaining chip to have them remove the negative listing upon payment. If nothing is owed, they just took your car you don't have much to negotiate with. You can also dispute the repossession to the credit bureaus. You send a dispute letter to them asking for verification on the repossession. They must investigate the item with your bank. If it isn't verified with in 30 days it must be removed from your credit reports. The older the item the better chance of it coming off.