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How long before repo or finance company gives up and just writes it off?
Wiki User
∙ 14y ago
If you don't pay for the car it has a lien on it, and can never be sold. You may not be able to get new tags for it if it is flagged.
Wiki User
∙ 14y ago
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Information about Park Motor Finance and Gateway Credit can be found from its website as well as Alacra Store which gives details regarding the Dun & Bradstreet reports on the company.
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Where can one find information about the company Park Finance?
Information about Park Motor Finance and Gateway Credit can be found from its website as well as Alacra Store which gives details regarding the Dun & Bradstreet reports on the company.
How many month late before they can repo?
When a finance company stops receiving payments from a car owner, they will initially send out a default notice in order to state that the repayments have not been made. This will give you the opportunity to clear arrears and usually gives a time frame of 7 - 14 days to put things right. If payments are still not made, the finance company will then apply for a repossession order from the courts so they can send bailiffs to repossess the car. The time frame for this process usually varies depending on the finance company, some will act quicker than others. You can expect the bailiffs to arrive at your door within a month from the expiry date of the default notice. The car will often be sold at auction at a knockdown price and the finance company will then pursue you in order to recover the difference. It is always recommended to contact the finance company and not avoid them. They will often try to come to a resolution and repossessing the car is usually the last resort.
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Do you have a right to know what your vehicle was sold for after repossession?
by law in the state of Texas,a repo cannot sell for anymore than what is owed.The finance company has to tell you what the ballance on it is after it sells,add around $600 for legal fees to what was owed before the repossesion and subtract the ballance owed now which gives you what the repo sold for
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UK Bonds Security company which gives it's address as Canada Square, Canary Wharf and writes to people saying they have won the Euromillion lottery has been revealed as a con and scam and is being investigated by trading standards officers.
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Which finance company offers statistics on corporate sales in the US?
The SBA or Small busines association offers information about corporate sales in the United states. Other places like the US census also gives data on these statistics.
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