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What does Florida law allow for collection of monies owed on a car repossession?
Wiki User
∙ 16y ago
this question can form a wide range of answers it depends on if you are willing to pay on the repo car how ever the most they can do is put it on your credit and it can stay on there for 7 years it will show on your credit report as repo ..a large number of people never pay off a repo car even if you do pay on it to try and save your credit the fact still remain it was repo and it will show repo settlement
Wiki User
∙ 16y ago
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Where do you get car repossossion permit?
who is allow to do Vehichle/car repossession? when is a vehichle/car repossession not allowed? whats the minimum insurance needed for car repossession?
What is replevlin?
The judicial method of repossession - in other words most states allow for self-help repossession but when a repossession can not be accomplished using self-help the lender will file an action in court to recover the property
What do you do if you have asked the lender to allow you to make partial payments but they refused and are threatening repossession?
You can expect repossession. As for advice: don't keep anything in your car that you don't want to haul out in a garbage bag at 2 AM.
Does Florida allow drug tests in divorce proceeding?
Yes Florida, and any state, do allow all these tests.
Which repossession laws apply when a car is purchased and registered in Nevada but the finance company is based in Arizona?
It isn't relevant as both states allow repossession of a vehicle under UCC laws (without a breach of peace).
Can a car go through repossession without sending a right to cure-default notice?
The majority of states allow for a repossession as long as there is no "breach of the peace." There are a few states that require a Right to Cure letter being sent out roughly 20 days prior to a repossession. You need to check your state law.
How can you supplement your 401k contribution with personal savings if you did not reach the contribution limit?
Most 401ks do not allow you to use your personal savings to contribute to the account. The only acceptable form of monies either come directly from your payroll or as a rollover into the account. Typically, companies do not allow this simply because they don't accept "After Tax" monies. The monies that come directly from your paycheck are taken out on a "Before Tax" basis however, the funds in your personal savings you have already paid taxes on.
What does a car repossession do to your credit How can you delete it from your record?
It hurts you credit tremondously. It will stay on your credit report for 7 years, and there is nothing you can do about it. Do not allow your car to be repossed. Voluntary repossession on not any better. Contact the lender and work something out.
If your car is repossessed are you entitled to the right to bring your past due current?
Most lienholders will allow you to bring your account current and get your vehicle back - but only after you pay the fee for the repossession and you may also have to pay the repossession company for storage.
If I missed five payments on a motorcycle can I pay them late and avoid repossession?
Up until the time that your motorcycle is actually repossessed, the dealer will be happy to receive your payments, even if they are late, and will allow you to keep the motorcycle. But if you wait too long the repossession will happen.
What is the function of a water shed?
To allow water to drain to one collection area.
What is the collection of rights that allow people to make free choices?
bill of rights
