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A repossession is a repossession, no matter if it is voluntary or not. Your credit will be ruined for 7 years.

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โˆ™ 2005-09-29 18:08:16
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Q: How will a voluntary repossession affect your purchasing a car within a year from the voluntary repossession?
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Related Questions

Define Voluntary ownership?

Summit About Voluntary Work Within a Business Diffrent Types Ownerships Init =)

Can a repossession agent call the police?

Thay can, and in many jurisdictions it is required before repossession is performed. In others it is only necessary to notify police within 24 hours of recovery.

Is it better to have a repossession or a bankruptcy on your record in regards to credit recovery?

Neither is good. However, a repossession does less damage and is removed from your credit report within less time than a bankruptcy.

What happens if a buyer takes a car back to the loan company?

Buyer's remorse. Seriously, if the car is returned within three days (as is permissible in some states), it is a simple annulment of the contract. If the three days grace period has passed, this would be a voluntary repossession, or lease laydown (depending on the specifics of the contract).

If your car is repossessed but you get current within say two weeks of repossession does the repossession appear on your credit report?

If your power gets shut off and you go in and pay the bill current, did your power get shut off?

Is there a time period in which they have to grant you access to your possessions when your car has been repossessed?

Usually has to be claimed within 30 days of repossession.

What is a procurement officer?

A person within an organisation whom has accountibility for purchasing commodities

Are cardiac muscles voluntary muscles?

No, your heart muscles contract without voluntary input. Therefore they are involuntary muscles. The regular heart beat is stimulated within the SA node of the heart, this is known as autorhythmicity.

Where can you find the repo laws for NYC?

Repossession laws are enacted by states and are applicable to all the municipalities within that state. Please see link.

How long does alcohol take to affect the body?

Generally, there is some affect within the hour.

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Interactions within the ecosystem.

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If lender listed car as a repossession within last 24 hours is it too late to avoid having it on credit report if it has not been picked up yet?

First of all, a lender does not report a vehicle as a repossession until they actually have possession of the vehicle. Then immediately via computer the code is entered and authorities notified. The credit reporting company may be a little slow getting the repo on your report however, but any new lender is going to check your report before giving you a new loan. After a vehicle is repo'd you usually have a few days prior to sale of that vehicle, to get the vehicle back if you pay the account current plus any repo expenses if it was a voluntary repo. If it was not voluntary, and the lender had to take the vehicle, they probably will not redeem the vehicle back to you, but it never hurts to ask.

What is the time limit for filing form INC-6?

Form INC-6 shall be filed within 30 days in case of voluntary conversion and within six months of mandatory conversion.

Alcohol begins to affect you after it enters your body?

Within minutes

Which activity would be within the field of biology?

Figuring out how pesticides affect plant growth is within the field of biology.

What are the repossession laws in Arizona?

I can tell you the repossession laws in Arizona, if you need a town or county in general i recommend trying the sheriff's office b/c they are the ones that usually deal with civil maters.ARIZONA: sELF HELP REPOSSESSION PERMITTED AS LONG AS THERE IS NO BREACH OF THE PEACE.redemption : within ten days after retaking, if the customer has paid 50% of purchase price or $500 , a public sale is required. If less than 50% or $500 a private sale is permitted.No license needed for repossession.License plates remain with the vehicle.I cover more topics about repossession at my website good Luck!

Which of the following real estate investments involves purchasing real estate and selling it for profit within a short period of time?


Can you return a car in Illinois within 24 hours of purchase?

You cannot return a car in Illinois within 24 hours of purchasing it as many have believed in the past. You can however contact the dealer to report safety issues that you have noticed within this time for warranty work.

How does proton density within the tissues affect signal intensity in MRI?

Proton density within the tissue will affect the signal intensity on an MRI. The thicker the tissue, the more intense the return signal will be upon detection.

What is the difference between extrinsic and intrinsic eye muscles?

Extrinsic muscles are voluntary muscles,external to the eye, that control the direction the eye moves in e.g looking left or right. Intrinsic muscles are within the eye, such as those that control the size of the pupil. Intrinsic muscle is not under voluntary control.

Alcohol begins to affect you how long after it enters your body?

Within a few minutes.

How does altitude affect temperature?

Within the troposphere temperature decreases with increasing altitude.

How likely is it for American Honda to file a judgment for a voluntary repossession if all your other bills loans and whatnot are in good standings?

Virtually 100%. When/how long? That's the question. Usually within 2-3 months, but not always. The state in which you reside has laws (statute of limitation) dictating how long the term can be, and whether or not you make efforts toward repayment. I live in NC an my debt is in the amount of 12000 and MRS Associates is trying to settle for 6900. Should i settle? Not sure what to do.

Do Pennsylvania repossession agents have to notify you that they have your vehicle?

Those who have had a vehicle must be notified, typically within 24 hours, but that may be done by the repossesion company, the actual agents, or the original lender. All are acceptable.