Its a GAMBLE to see how long you can wait to pay. If the lender sends the repo order out on Thursday, you pay after businnes hours on Friday, you will likely lose the car and the money before Monday morning. Then you have repo charges to pay to get the car back. Dont Gamble.
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Related Questions
Can a car get reposessed if the previous owner owes finance on it?
Yes. Prior liens must be paid off before you take title to the vehicle.
Should you apply for a credit increase before or after applying for a vehicle loan?
For a better chance at getting the vehicle loan, increase your credit after the vehicle loan. Increasing your credit before may reduce the your vehicle loan amount.
You should stop before crossing a railroad grade if your vehicle is carrying of chlorine?
any amount
What are the remedies when a lender agreed to accept payment in full the following day but reposessed the night before anyway?
Lesson learned: Lenders LIE !!!!!!!!!!!!!!!!!!!!!!!!!!
Can debt collectors make a beneficiary pay the decedents debts?
The creditors can file a claim against the estate and the debts of the decedent must be paid by the estate before any assets can be paid over to the beneficiaries of the estate. If there are no assets in the estate the creditors are out of luck. You should consult with an attorney or other advocate before you pay any debts of the decedent.The creditors can file a claim against the estate and the debts of the decedent must be paid by the estate before any assets can be paid over to the beneficiaries of the estate. If there are no assets in the estate the creditors are out of luck. You should consult with an attorney or other advocate before you pay any debts of the decedent.The creditors can file a claim against the estate and the debts of the decedent must be paid by the estate before any assets can be paid over to the beneficiaries of the estate. If there are no assets in the estate the creditors are out of luck. You should consult with an attorney or other advocate before you pay any debts of the decedent.The creditors can file a claim against the estate and the debts of the decedent must be paid by the estate before any assets can be paid over to the beneficiaries of the estate. If there are no assets in the estate the creditors are out of luck. You should consult with an attorney or other advocate before you pay any debts of the decedent.
Do creditors have to serve you before getting a judgment?
Creditors are required by law to serve you with a summons to appear in court before getting a judgment. You can be served at your home, your place of employment or anywhere else the process server is able to locate you.
My car was damaged after the repo man picked it up property was stolen as well what are my rights?
It's difficult to prove that a vehicle was damaged during towing unless the damage is directly related to the way the vehicle was towed. Some examples would be AWD (All Wheel Drive) vehicles being towed on 2 wheels destroying the drive train components, damaged bumpers, or bent control arms from tow hooks. As well, personal property is the owners responsibility to keep out of the vehicle at all times. Your best bet is going to be filing a claim with your auto insurance agent (given you had insurance at this point in time.) If you are unable to do so due to being under, or uninsured - contact the bank that owns the vehicle and find out who the tow company that reposessed the vehicle. You may be able to take them to small claims court, and if not get money back on the deal - have the bank reduce the amount you owe if they are found at fault for the damage. If you own the vehicle, and you have taken delivery of it back from the impound, an insurance claim, or small claims court are your best options. If you have photographs of the vehicle taken just before it was reposessed, they will be your best tools in either case to prove the condition of the vehicle was changed during the process.
Why creditors use accounting information?
Creditors want to evaluate before granting credit to company that will company be able to return back credit when maturity time arrives.
What is the expansion of PBDIT?
PBDIT stands for "Profit Before Depreciation Interest and Taxes" How to abbreviate "Profit Before Depreciation Interest and Taxes"? "Profit Before Depreciation Interest and Taxes" can be abbreviated as PBDIT.
Can the deceased be billed?
The decedent's estate must be probated if they owned any property. Creditors can make claims against the estate. The creditors must be paid before any of the assets can be distributed.
Is it a criminal offense to strip and sell parts off a vehicle before letting it be repossessed?
Yes. The charge might be grand larceny depending upon the value of the vehicle, amount received for the parts and other extenuating circumstances.
What are the legal hours in new york that creditors to call?
Not before eight in the morning and not after nine at night.
How long before creditors do a charge off?
usually a chare off happens after 7 years
When a recipe calls for an amount of noodles is that amount before or after cooking?
before
If your checking account is frozen because of a judgment do you have to pay the entire amount or can you settle?
That's at the discretion of the party who won the lawsuit and had the judgment enforced. In general creditors are only open to a settlement/payment agreement before a lawsuit is undertaken.
How many times can you be late for a car payment before it is reposessed?
Answering "How many times can you be late for a car payment before it is reposessed?" by law they can repossess your car when your 1 day late- there is no law against that! However, your best option, would be to contact CAR HELP USA. They stop repossession, get your payments up to date, lower interest rates, lower your monthly auto bill, help with repossession, and so on. They helped me get a car back from repossession in the past! Do something before the problem just gets worse.
Is it legal for the finance company to refuse to allow payments or payoff on a repossessed vehicle in the state of Ohio?
Payments??YES. PAYOFF???NO My husband lost his job and had to take a different job making less money so our payments were late and the several were not made at all. At the time of the repossession I was in the process of trying to get a personal loan from a family member to just pay off what we owed. The vehicle was reposessed before I could get the money. The day after they took it, I called and asked what it was going to take to get my vehicle back. The woman was extremely nasty to me and informed me that with our payment history she was not going to give it back to me. She did not offer me a pay off amount or even let me get a word in. She had me in tears before she hung up on me. I could not afford an attorney so we just did nothing. The van has now been sold at auction. It sold for $1200 at auction. Now we are getting letters demanding the amount we owed plus $200 more even though they sold the van for $1200. I know they can legally expect us to pay for the amount of the outstanding debt, but I don't understand how they can refuse to let me pay before they auction it, then come up with a higher amount we owe than what was left on the loan AFTER they sell it. We couldn't afford to make the payments before and now I have used the personal loan from the family member to purchase a different vehicle. We have no money to pay for a vehicle we no longer have.......plus $200 more than we owed to pay it off. Is there nothing I can do?
What is it called Total amount of pay before deductions?
The total amount of pay before deductions is the amount before taxes are taking out. This is the gross income.
Do you have to pay the creditors attorney fees and assorted fees tacked on to the original debt if sued or can you still settle for less at that point?
Possibly, but only if the creditor suing is willing to do so. A settlement is purely voluntary. If the creditor believes it has an open and shut case against a debtor for both the debt and fees, the creditor might have no reason to accept less than it would get in a judgment. It is always worth it to try to settle for less than the total amount sued. There are several reasons that motivate creditors to take less. Creditors almost always will take something less than the full amount if the case can be closed. If a creditor gets a judgment and has to garnish wages, it will take some time before the amount is paid, there will be lots of bookkeeping involved and the judgment amount will earn a low rate of interest. It is better for the creditor to take even 70% or less of the debt just to close the file and move on. Also, keep in mind that sometimes, creditors throw in those extras like interest and attorney fees to inflate the amount sued for just to scare the debtor into "settling" for the full amount of the original debt. Some creditors know they will not be awarded these extras but they sue for them anyway hoping the debtors do not know this.
When you file bankruptcy how long before creditors stop calling?
within a few days (as it takes time for the BK crt. to mail notice of filing to creditors). If calls continue then its a violation of the automatic stay.
Can a creditor ask for purchased product as collateral in chapter 7 bankruptcy?
Yes. I foreclosed on a home and bought another one cash before being discharged from bankruptcy. I was told by the attorney that creditors can ask the courts and the court will confiscate your purchased product and sell for whatever amount and that amount will be given to the creditor(s).
Can you add a creditor to bankruptcy after you have filed your papers in court?
You can add creditors anytime before the discharge is entered.
In winding up a general partnership creditors are paid before partners receive their capital contribution?
True
How far behind in my car payments can I be, before I have to worry about repossession?
You can start to worry about repossession of your vehicle as soon as you miss your payment. Depending on the loan amount and the type of vehicle you have you may have up to 30 days from your last missed payment to risk loosing your vehicle. If you keep in touch with the lender of your car, you have a better chance of not loosing your vehicle right away.
Is life insurance exempt from creditors in state of Iowa?
Yes, with a but. As long a a beneficiary is named for the policy and that beneficiary is alive then creditors cannot touch the proceeds. If a beneficiary is NOT named or has died, then the benefits are paid to the INSURED persons estate. A persons estate will go to their next of kin, but NOT before creditors take what is owed to them.
