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If a car is sold after repossession does law state that it must be reported to the bureau as zero balance?
Wiki User
∙ 15y ago
If a car is sold after repossession does the law states that it must be reported to the credit bureau as zero balance?
Wiki User
∙ 15y ago
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What is a deficiency balance for repossession Louisiana?
The deficiency balance in every state as relates to repossession is the outstanding balance of the original principle plus fees accrued by the repossession process that remain after the resale of the repossessed vehicle.
Can wages be garnished after a repossession to collect the balance?
Can wages be garnished for the balance of an auto loan in the state of Delaware
Is a person owing child support reported to the credit bureau?
The State may do so after notice to the obligor, yes.
How many people is there in Montana the state?
The U.S. Census Bureau reported that the estimated population in Montana was 1,042,520 as of July 1, 2016.
Does the repossession company have to report the repossession to the police after the repossession?
I only know about the state of Massachusetts. And yes in our state they have one hour to report the repossession to the police department in the town of which the car was taken.
How many babies were born yesterday?
I don't have real-time information on the number of babies born yesterday. Typically, the daily number of newborns varies depending on location and time of year.
Can you include the remaining balance of a repossession on a Chapter 7 bankruptcy?
Most folks do so. Ask your B/K attorney for state/case specific advice. Yes
A sample letter of vehicle repossession for the state of Texas Where can you find one?
Sample letter of vehicle repossession for the state of texas
What are the names of repossession companies in Washington state?
Five Star Process Service and Repossession
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.
Will gap insurance covers repossession in the state of FL?
Gap insurance will not cover repossession in any state or territory of the US. Repossession is not a valid claim for insurance. In fact, it is possible your insurance could be cancelled as a result of the repossession, making you high risk.
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.
