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READ your contract. Likely the answer is YES.

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โˆ™ 2015-07-16 19:20:17
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What is forfeiture

Which of these is the best description of delinquency

Which term is defined as property that is pledged as security on a loan

This is Paula's monthly budget What percent of her expenses is spent on insurance

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Q: If your truck is going to be repossessed will you have to repay the outstanding debt?
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Related questions

If your workers truck was repossessed and he had your tools inside how do you get your tools back?

ask the guy that repossessed your workers truck for the tools that were in that truckask the guy that repossessed your workers truck for the tools that were in that truck


How can you buy a repossessed truck?

Go to bank or other place that repossessed the truck. Pay cash for it etc


What do you do once your car has been repossessed?

I have a welding machine on the truck they repossessed can they keep that?


They repossessed my truck but are now saying they didn't what can I do to prevent myself from going to jail for hiding a truck I know they repoed?

If you aren't hiding it and they didn't repossess it then it has been stolen. Call the police and report that your truck has been stolen.


Are you still liable for the payments if your truck is repossessed in Alberta?

Yes you are


How can I get my repossessed truck back in Indiana?

The only way to get a repossessed truck back in the state of Indiana is to pay the balance owed. Sometimes, you can contact the lender and make arrangements to get the truck back without paying the whole amount.


Does having the title to a repossessed truck give you any legal rights?

NO, the truck probably has been sold already and the lender got a repossessed title to sell it with. Of course they do make mistakes. LOL


Can you get your engine back out of a truck after it has been repossessed?

NOT. Good try though. LOL


Can your federal tax refund be taken if you cosigned for a truck that was repossessed?

Legally, YES.


Can your truck be repossessed if you are using it for income?

Yes, your truck can be repossessed even if you are using it to earn an income, however, you can tell your creditor that you are earning money with your truck, and that if the creditor does not repossess the truck you will use that income to make payments on your loan. Of course, if you are not making payments, and spending all of your income on other things, then the creditor has no motive to let you keep the truck.


Can a backhoe and trailer be taken with repossessed truck?

If they only have an order of repossession of the truck, then no. Otherwise, the trailer and backhoe would be considered stolen.


If your truck was repossessed and damaged and you were going to file bankruptcy do the reposessors have to return it to you and then you can file and stop the repossession?

no no, it's up to the company if they want to let you keep it or not, some of them think that if your'e filing BK then your'e not going to pay them.

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