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Answered 2011-09-13 12:32:09

ONLY after getting a judgment for the balance due can the lender persue any other legal options.

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When you give a car back to the bank will you still be held responsible for the balance of the loan?


What happens when lease cannot be paid back?

The vehicle will be repossessed and the leasor will be held responsible for the unpaid balance of the lease.

If a car is repossessed from someone at a buy-here-pay-here lot then you take the car and it is given back who is responsible for the balance remaining?

Usually when your vehicle is repossessed it is auctioned off and the proceeds are applied to the balance of the loan after any commissions, fees or other charges are deducted. You are then responsible for the remaining balance.

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To tare the balance is when, for example, you place a beaker on the balance and then click on the tear button which puts the balance back to zero. This putting the balance back to zero is called "tareing the balance".

What happens if you car is repossessed and you don't work or have any property?

If you don't work, you have no money. If you have no money, you can't get your car back. It will be sold at auction and you will be responsible for paying the difference of what it sells for and what you owe. If it sells for MORE than what you owe, you should get a check for the difference.

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Decomposers take care of this part of the cycle.

How many payments do you have to catch up on to get your car back?

You have to get current on your payment, plus the repo fees, plus the repo agency storage fees. And you have to do it before the lienholder gets impatient and auctions off the car - once that's done, you're still responsible for the remaining balance.

What happens to your credit when you give a car back to the bank?

You are not giving it back to the bank, you are having your car voluntarily repossessed. It ruins your credit for 7 years. Which may sound like a bad thing, but in reality will keep you from buying more car than you can afford for the next 7 years, which is a good thing. Remember if you do this, you will still be responsible for the difference in what the bank sells the car for, and the balance on the loan.

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The dollar tree sells gimp in the back of the store

You want to give back your truck to GMAC but it has a bent fender What would you do?

You need to specify if this is a lease or voluntary repo. You are going to ruin your credit for 7 years, and you are worried about a bent fender? It doesn't matter, they will sell the car anyway. After that you will still be responsible for the difference in what the car sells for and the balance on the note. Voluntary repossession is a stupid idea. Work something out with GMAC.

Who is responsible to pay back all debts?

The government is responsible to pay all back debts.

You just filed chapter 7 bankruptcy you told them you did not want to keep your car so after you give it back will you be responsible for the remaining balance if it doesnt sell for how much you owe o?

If it was a part of the bankruptcy process, no, you aren't responsible. But it has to be specifically spelled out in the petition.

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Sears sells a variety of Back to Basics products. However, you might be better off shopping online for back to basics products.

Can you sell a car your making payments on?

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What if you have a negative balance in your bank account for 6 months?

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Once you have a signed contract from a dealer can the dealer go back on his word?

Once you and the dealer have signed the contract, it is a binding contract agreement and it responsible by law. You can take him to court if he doesn't keep his part of the agreement.

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No, you are not responsible for their back child support.

Would you still see the patient if they owed a back balance?

If the patient was trustworthy and I knew the patient would pay the back balance.

Can you get your car back if its been reposessed by filing for chapter 7?

No. Once they have it the only way to get it back is to either pay it off or catch up to the lienholder's satisfaction. Chapter 7, after the repo, will prevent them from collecting the balance.

What happens to my credit if I voluntarily give my car back to the bank?

Even if surrendering a vehicle is voluntary, you will still be responsible for the amount owed on the loan after the sale of the vehicle. Most lenders report to the credit bureaus and any unpaid balance will be reported, as will payments made or missed on this balance.

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The cerebellum is located near the back of the brain and his cupped around the brainstem. This portion of the brain is responsible for muscle coordination, balance, involuntary movements.

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To provide more balance for the back of the airplane

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Black Death brought back the balance. It killed 75 to 200 million people to bring back the balance.