Yes a lender can garnish your wages after a repossession. If the resell value of the item does not cover the cost needed to repay the lender, you are still responsible for paying the balance.
No. Once your car has been taken away, that is the payment. The bank will have to resell the car and get what they can out of it. It depends on the state. Some (like mine) do not require the remaining balance after a resell. But your credit does get ruined for 7 years. The above answer is incorrect. Once they repossess your car, they will sell it. You are responsible for the difference in what the car sells for and the balance on the loan. You may also be responsible for the repo fees, depending on the state you live in. You credit will also be ruined for 7 years.
a lender can do as he/she pleases with the vehicle after 31 days...in the state of Alabama
In a word yes.Just because you voluntary returned the car doesn't mean anything to the lender they still want the balance of their loan.You need to find a few things out to help yourself.First find out what the dealer did with the car did he auction it or resell it?Most importantly how much did they get for your former car?The difference between your original loan amount(including all the interest)less your total payments and less what the dealer got for your former car should equal the remaining balance BUT CHECK The NUMBERS !!!!!!!!!!!!!!!!!!! IT is a good idea to conduct all correspondence with the lender/collector in writing only and read what they you send very carefully!!!!!!!!!!!!!!! GOOD LUCK
You may get by the code, your lender will not like to hold paper on a floorplan which does not resell...
No one can answer this question. It depends on many factors. Here is a thought. Call the lender and ask them.
I resell my car
Resell is correct
Yes. You signed a contract for a loan amount. That is the principle. The car only secured the loan. The loan is the only real value to the lender. They do not want the car. They only take the car to resell it to apply that payment to the loan. Any outstanding balance plus accured fees are yours to pay.
CONTACT the lender for available options in this matter. NO! Try to get a quit clain deed for her interests.
No you can not resell digital books that you purchased.
Ingvald K. Resell has written: 'Slektsbok familien Resell, Hosethaug i Rennebu m/flere' -- subject(s): Genealogy
Do I need a license or permission to resell items online that I have purchased elsewhere?
You have to get a contract.
"I Sold the baseball at the yard sale, But it didn't sell, So I Had to Resell it at the pawn shop."
Yes, it is legal to resell a reborn doll. In fact it is routinely done. Once you buy the doll it is yours to do with whatever you would like. Some resell them them before they even receive them.
To resell your objects there should be a button under where the objects are being sold that says resell your objects.
Gold buyers buy gold from the public and resell it to refineries. Additionally, they can resell nice items back to the public.
No they don't. They need to resell the item, and why would they buy something broken to resell? Hope that helped.