I am assuming that the repossession happened 6 1/2 yrs ago. If that is the case then more than likely a third party collection agency is trying to collect the remaining balance after the vehicle was sold at auction. You need to check the statute of limitations in your state. Example in Texas it is 7 yrs , if you made a payment of 1 cent the debt would be valid and the statute would be reset.
A repossession is a repossession, no matter if it is voluntary or not. Your credit will be ruined for 7 years.
The repossession stays on your credit report for 7 years.
Of course it is. You voluntarily turn the car in for repossession. It will stay on your credit report for 7 years.
Il a seize ans means he is sixteen years old
The statute of limitations for a repossession falls under the category of debt collection. The statute of limitations in the state of North Carolina for a repossession is 4 years.
It stays on your credit report 7 years from the date of settlement not the date of repossession.
A repossession will significantly lower your credit score, regardless of the balance. It will take around 7 years before the repossession is removed from the credit report.
Same as a regular repo. The creditor may still put the repossession on your credit report and it would stay there for up to seven years. Notice the word "may", because it is at the creditor's discretion...
By federal law, 7 years from the date of repossession or sale or last payment. The state is irrelevant.
depreciation fixed assets means to allocate the cost of fixed assets to all those fiscal years in which assets is used for revenue generation.
Yes, There is no statute of limitations on financial matters. You can probably challenge it being on your credit report. But you still owe the money.
Depreciation is charged to fixed assets so that cost of fixed assets can be allocate to all those fiscal years in which that fixed assets is used.
For Experian, a voluntary repossession will remain on your credit report for seven years from the original delinquency date of the debt.
"Il a seize ans."
a seize ans
J'ai soixante seize ans literally means "I have seventy-six years" Which is like saying, "I am seventy-six years old"
Yes. If the borrower is employed the lender can file a lawsuit and be awarded a judgment which can be executed as a wage garnishment. Even if the borrower does not have seizable income, assets or property at the time the judgment is awarded the lender can hold the judgment. Judgments can be from 5-20 years duration and most are renewable. That means it is highly likely that at some future time the debtor will be employed or have assets or property that can be attached.
What makes you think you can just return it. You can't. You bought it, you own it. Now if you are talking about doing a voluntary repossession, of course it will ruin your credit for 7 years. A repossession is a repossession, voluntary or not.
When my car was rep'd, The finance company went to court and garnished my pay check for what I still owed on the car after they sold it at auction. This was in Kansas 10 years ago.
10 years, a repossession will stay on your credit for 10 years.
"J'ai seize ans"