You "face" the unpaid balance due on the loan. PLUS repo fees, attorney fees, auction fees, fees fees, ect. TRY your best to sell the car even if you have to borrow some money to complete the payoff. It will be MUCH cheaper than any repo.
You also face the long-term consequences of a voluntary repo showing as an unpaid charge off on your credit report. This can make it difficult, expensive and inconvenient for you to get housing, employment, utilities, insurance and credit.
When you finance a vehicle, you are not "buying a car". You are borrowing money that is "secured" by that car. When the creditor takes the car back, they still want the total sum of the money you borrowed. With any secured debt, there exists the possibly of the security being sold to recoup some of their loss. But if they sell the car for less than you owe, you are still liable for the deficiency balance (the difference between your loan balance and the amount they got for selling the now-used car).
Many Americans can and do live without credit, or with bad credit. But you do not ever truly escape your debts. You end up paying in one way or another.
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.
like a dollar or something
If your car is repossessed you are responsible for the difference in what it brought when sold by the loan company and what you owed, plus the repossession charges. That is more than likely where the $9,000 comes from. Rarely does the car bring even close to retail, and most often is sold at wholesale price. This leaves you in the hole for the balance which you will have to pay. This is repossession is such a bad idea. You need to seek legal advice from a lawyer.
Today - 18 July 2009 - 1 Canadian Dollar will get you 1.12 Australian Dollars.... but remember to allow for bank/currency conversion charges.
The bail amount doesn't equate to charges. Bail is determined by the judge based on factors such as flight risk, net worth of the accused, danger to the public if released on bail, etc.
1.30 Euro = 1 American dollar The currency conversion changes a lot. Attached is a link for a reputable currency converter. It does not however tack on the charges that you would incur with banks etc
they get paid 1 dollar
Gamestop charges 6 cents in tax every dollar for each game It depends on how much the game costs.
No he is not in jail he had to pay a 50,000 dollar fine because even though Rihanna didn't press charges it is still illegal. He went to rehab for anger management.
it depends on your county in Australia it is a 15 000 dollar fine and a ten year prison sentence and the same in the usa
I would suggest using one of the Indian banks located in Singapore rather than Western Union.