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If the original borrower was the only account holder and was not married living in a CP state, the debt would become part of the deceased's estate and would be paid if there were funds belonging to the deceased available. If another family member voluntarily assumes the debt, then it will more than likely be deemed legitimate by the court unless said person can prove they were coerced, intimidated or otherwise fraudulent deceived as to their legal responsibility regarding said debt(s). It might be prudent to obtain the advice of an attorney who specializes in creditor and debtor issues. Most attorneys wiil offer a free or minimal fee consultation.

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โˆ™ 2005-11-15 03:48:43
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Q: If a mother made a finance agreement and then died who takes over the payment and if you were pushed into signing to take over the payments can anything be done?
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Is it better to finance an auto purchase with a small down payment and high monthly payments or high down payment and small monthly payments?

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In the State of Arizona can a dealership repo a car if you are current on your payments but they made mistakes and never got your down payment?

Need more info how did they make the mistakes and not get the down payment? Well, technically yes. If you signed a finance agreement that stated a down payment and you didn't give a down payment, you breached the agreement. Whether it be by their mistake or yours. Now, is it right? No.


How late on payments do you have to be before your car can be repoed in Arizona?

Depends on your finance agreement. Most say that after you miss a payment it can be repo'd. There really is no state mandated time limit before repossession can occur. Best thing to do is make your payments and that way you don't have to worry about it.


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If you are in default and the company has agreed to a monthly payment but won't submit it in writing can they still repossess the car?

If you do not make the payments agreed to in the contract, on time, the answer is yes. if they agree to accepting a payment get it in writing ,then you have them.otherwise your screwed they will lie and tell you anything to get the car If it ain't in writing it ain't no agreement.


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What is repossesion?

A car repossession happens when a person falls behind on their car payments and the finance company reclaims the car. The goods they are paying for on a recurring basis are not legally theirs until payment has been paid in full. Until this happens, They will not be classed as the 100% rightful owner of the goods until the lien is removed. When the payments as stated in the agreement are not paid accordingly the repossession of the goods can be taken into effect. When this happens, then a lender can take legal action against you for the money owed to them. Some agreements allow you to miss one or two payments which can be added on at the end of the term. Please be aware that, your finance company can take your car back after missing one payment. http://www.carrepossed.com


What can happen if you hide a vehicle from the bank for non payment?

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