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If the lender says they will re-assign your account if you pay back payments and fees can they take your money and not return the truck in Texas?
Wiki User
∙ 8y ago
NOT if you dont give it to them. The usual procedure on the 1st repo is pay all the back notes,fees,ect. and get the car/truck back.
Wiki User
∙ 8y ago
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Return a finance car to the lender?
My car was crashed and I lost my job. How do I return the finance car to the lender?
When the lender applies a write off to your account and the monthly statements show that same account with a zero balance can they still collect on it?
If the lender designates the account as a charge off, the account is still valid and will be referred to inside collections department or an outside collector for further action. If the lender cancels the debt, the debt is no longer valid and the debtor will receive a 1099-C showing the amount that the borrower must claim on his or her tax return as taxable income.
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