0
If creditor has threatened to repossess if a certain amount is not paid and you have paid partial can the vehicle still be repossessed?
Wiki User
∙ 8y ago
As long as the contract is in DEFAULT, the collateral CAN be repossessed. One dollar or one day. Its a GAMBLE you take when you are in default.
Wiki User
∙ 8y ago
Add your answer:
Earn +20 pts
What are threatened habitats?
a threatened habitat is an area which a certain type of animal lives in which is threatened or harmed.
Can your car be repossessed while you are active duty?
Technically no. They still can but they may not know your on active duty.Servicemembers Civil Relief Act Installment Contracts. The SCRA gives certain protections against repossessions for installment contracts (including automobile leases). If the contract was entered into before going on active duty and at least one payment was made before that time, the creditor cannot repossess the property, while the member is on active duty, nor can they terminate the contract for breach, without a court order.
If your car is repossessed do you have to pay the balance?
you'll owe what's left on the contract after the vehicle is sold (probably through auction). Example: you owe $2500, the car sells at auction for $500, you owe $2000 because you signed a contract stating you'd pay a certain amount, that's what the creditor is after.
Don't you have to be delinquent by a certain amount on car payments before your car can be repossessed and what rights do you have to prevent a repossession?
If you have made no effort to contact any institution you owe money to and you have been missing payments several times, yes, they can repossess your car. That's why we sign contracts. I would meet with the Manager of the company and try to come to some agreement and then stick to your promise. Most companies don't want to repossess so you might get lucky. However, be warned, if the Manager gives you another chance you stick to it! Good luck Marcy
Do moths excrete liquid when threatened?
Certain moths have the ability to excrete stinky liquid when threatened. This is used as a defense mechanism for the animal.
What is does it mean for an original creditor to recall their collection?
Recall of a debt by a creditor is when the original creditor asks for the debt to be returned to them after they have sold it, often to a collection agency. This may occur if the debt has not been collected for a certain amount of time, and the debt will be sold to another agency to collect, or if the debtor offers the original creditor a settlement.
Obligation to pay to another a certain amount of money which has collateral that the creditor may seize?
secured debt
What is repossession laws in Utah?
People can repossess in certain circumstances. Those circumstances depend on other circumstances. If you have a legal problem consult a lawyer
Can a repossession agent come on private property to repossess a vehicle?
I am not 100% on this but I am almost certain that they can as if an item is inside the home they can come in to take those
Can wages be garnished by more than one judgment creditor at a time in North Carolina?
When a creditor garnishes your wages they can only take a certain percent. Then when another creditor comes along they cant garnish your wages to because the first one is already taking the maximum allowed.
Does a creditor have to have a court order for garnish a bank account?
In most cases, yes, a creditor needs a court order to garnish a bank account. The court order allows them to collect part of the debtor's wages or funds in a bank account to satisfy a debt. However, specific laws and regulations can vary by jurisdiction, so it's best to consult with a legal professional for advice tailored to your situation.
Can you find my car by the VIN if it was stolen or repossessed?
There are certain strict procedures that an automobile repossessor must follow when he is repossessing your car. The repossessor must notify the police that such vehicle is being repossessed, you did before or after the repossession has occurred. In either case, the police should know right away that the vehicle was repossessed. If this is not the case, then the vehicles like to have been stolen.
