Not if you are on the title to the vehicle and own it. Whoever holds the loan on the vehicle can repossess the car however if you are late with payments. Contact the lender and work something out. You do not want your car repossess. Credit will be ruined for 7 years, and you will still have to pay the repo fees plus the difference in the balance on the note and what the car brings when they sell it.
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.
The state doesn't repossess your car - private companies do that on behalf of the lienholder. They don't charge you for private property left in your car when they repossess it - that would be illegal. They charge a "storage fee" for the items they remove from your car. Underhanded, yes, but they can legally do it.
It will depend on a number of things you did not mention 1) the state 2) the type of loan ( is the vechile used as the collateral on the credit line) If you are uo to date contact the bank. Let them know what is going on and they may ( again, depending on the state) pick up the vehicle for you, at a nominal charge.
If the lein holder didn't authorize a repossession can the person of ownership take charge and collect the vehicle, even if it's paid on time but both parties on reistration are no longer in agreement?
typically it is depending on how much the bank or lien holder is willing to pay...usually though....$200.00...to whatever amount they are willing to pay for premium vehicles and trucks
No. Most (99.9%) of the lenders require you to maintain Comp.& collision Ins. on the vehicle the money was loaned for and secured by. If you fail to do this the lender can, and in most cases, will put this Ins. on the vehicle and you will be charged. The charge for Ins. placed on the vehicle by the lender will be quite high, and it is then added to your payment. If you get your own Ins., the lender will cancel the ins. they placed on the vehicle.
Yes, along with all other costs of the repo.
They don't charge you for your personal belongings.. they charge you a storage fee. Yep, it's 100% legal.
The annual fee of a credit card is a charge applied once yearly. This charge is the cost of having the credit card. There are many credit cards available that do not charge a fee. The credit cards that do charge a fee often offer rewards, like travel.
I will charge the clothes to my credit card.
Yes. What happens is that they auction the vehicle. They can auction a vehicle 10 days after they repossess it, not before. They take that money, apply it to the loan. Whatever balance is left is what you are responsible for. One thing you can question, is what the vehicle is auctioned for. They have to make every reasonable effort to sell it for book, they just can't sell it for $10 if it is a $10K vehicle, if you know what I mean. There are guidelines that they have to adhere to.
Yes, a creditor can remove a charge off from your account and your credit reports. Credit bureaus can also delete charge offs from your credit report if they are disputed and not verified.
If you don't have a credit card you'll be required to pay a deposit. If you use a credit card they may charge your credit card for a deposit. Typically this is the estimated rental costs plus 15 %. Once the car is returned in proper condition the charge is removed from your credit card. Like most all other rental agencies, yes they do. The benefit to this is that Thrifty will not charge your credit card the deposit, they simple have the deposit amount on file, and your credit information if they have reason to charge the deposit they will other wise when you return the vehicle in the condition it was rented out in you will not even be charged the deposit.
You can have itunes charge to your credit card or buy a prepaid card either a itunes card or a prepaid credit card ...
your credit limit
Contact your bank or credit card company.
Charge offs will drastically lower your credit score, just like any negative item similar to collections, judgments, and liens. They will stay on your credit report for 7 years unless removed. The more money owed and the more recent the charge off the more it will lower your credit score. You can remove charge offs by disputing them to the credit bureaus. The credit bureaus have 30 days to verify the charge off or it must be removed from your credit report.
first it depends what kind of charge off it is. and your credit score is all up to which credit company your checking your credit on .. there is no real answer to that question.
Charge offs will stay on your credit report for 3 to 7 years
No, a company can not charge a credit card without permission. This violation should be reported immediately to your credit card company.
Dispute them with the credit bureaus.