0
If you only owe late fees will the finance company charge off the debt and repossess the car?
Wiki User
∙ 15y ago
It would probably be a better thing to try to figure out how to pay the late fees instead of how to get around them. That is because the entire issue of repossession goes away.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
Can your car loan increase if sold to another finance company?
Absolutely ! The new company can pretty much charge what they like in interest on the outstanding balance - meaning your debt will be more..
Can a loan company apply for an order to repossess property it is not secured on?
No they can not, it does have to be a secured ( that's the key word ) debt
What are the statute of limitations of debt in India?
what are the statute of limitation of debt in india gujarat for NBFC housing finance company
What is the difference between debt and common stock?
Companies need to finance their business plans. In order to finance them, the company can either go for debt or issue shares or issue bonds to get the required investment. Debt can be in the form of loans where as common stock is issued to give share in the company to the stockholders.
What kinds of loans are available from Close Finance?
Close Finance is a UK based finance company. This finance company offer many different loans for consumers, such as personal loans, debt consolidation, holiday loans, university fees and more.
How do banks get their money back when they repossess an auto?
They sell the vehicle for what they can, then charge the remainder to you. They usually sell that debt to a collection agency, and the agency starts calling you for that money.
Where can you find a company in the UK for debt consolidation?
Some good companies in the United Kingdom for debt consolidation include Blemain Finance, Spring Finance and Equifinance. You can learn more about these companies from their official websites.
In Texas can Ford Motor Credit repossess a vehicle if it has been designated a charge off?
Yes. A charge off does not mean that the debt is not still valid and subject to collection by any means available to the lender.
Do debt settlement companies usually charge a fee?
Yes, debt settlement companies usually charge a fee. Nothing in this world is free so a debt settlement company does charge. Even though it is ironic it is true.
Compare and contrast debt finance and equity finance?
similarities between equity n debt finance
What type of loans does the United Finance Company offer?
The United Finance Company offers its consumers a wide selection of loan options and opportunities. Debt consolidation, business, personal, and auto loans, are just a few categories of loans offered by the United Finance Company.
If there is an attempt to repossess and you decide to keep the vehicle can they legally charge the customer for the repossession fee?
In most states, yes. Provided the repossession company made a good faith effort to secure the unit, especially if their efforts motivated the borrower to make good on the bad debt.
