The borrower is responsible for any deficiency in the balance of the loan and applicable fees that remain after the sale of the repossessed vehicle. If the borrower cannot reach an equitable repayment agreement with the lender, the lender may decide to file a lawsuit against the debtor to recover the monies owed.
That is called voluntary repossession. You will be required to pay the difference in what the lender sells the vehicle for and the balance on the note after that amount is applied to the loan. You did avoid repossession fees by voluntarily turning the car in. Your credit will also show this repossession for 7 years.
Yes. I would say because it just should. Who r u? LOSER bye...
Same as a regular repo. The creditor may still put the repossession on your credit report and it would stay there for up to seven years. Notice the word "may", because it is at the creditor's discretion...
It is voluntary because your voluntary muscells in the arm are preforming this action.
voluntary because you can control writing
voluntary because you have to force them to do it
voluntary because you can control it
to live because without them you would die because your heart is a voluntary muscle
yes because they could be a professional of singing or tying laces and they could be unemployed
The correct spelling is voluntary instead of voluntary. Voluntary is an adjective that means giving something freely. Doing something because you want to is doing something voluntary.
The "voluntary repossession" allows the purchaser who has defaulted the loan to avoid having to pay a repossession fee of a few to several hundred dollars. That is the ONLY advantage to the purchaser.The dealership has the vehicle back in it's possession and can unload it at an auction without having to pay a repossession fee to a repossession agent (because the purchaser "voluntarily" surrendered the vehicle).Once a car is repossessed, voluntary or not, it is (at least in most states) sent to an auction to be sold and the proceeds applied to the outstanding debt of the borrower.Usually, there are specialized auction houses dealing solely, or nearly solely with repossessed vehicles and the vehicles NEVER (that I'm aware of) bring anywhere close to the amount of the loan.This is true because first, it is (1) a dealer only wholesale auction, (2) the vehicle is a "repo" and (3) the "retail" price previously paid by the purchaser/borrower is an amount greatly inflated over and above the actual "wholesale value" of the vehicle.
Climbing is a voluntary action because you are controlling your body when you are climbing.
voluntary because u can move it whenever you want
Its voluntary because you choose whether you can move it
It is voluntary because you can move it up, down, and side to side. Pay better attention in class, kid.
Because you can control them and they don't move on their own, it's voluntary.
It's basically a fancy term for "lazy". "Voluntarily unemployed" means you don't have a job because you don't want to work.
No, lungs are involuntary because voluntary means you control & involuntary means that you don't control
The somatic nervous system is voluntary because one can consciously control the responses.
Voluntary muscle also called skeletal muscle because it is partly under conscious control.It is supplied with nerves from the central nervous system.
The thigh muscle is voluntary because you can move it up and down, and side to side.
That is not likely because you wouldn't be a good credit risk.
because the government in mostly democratics
No, because you don't have money to pay the mortgage.
While the people who work for the lender who gave you the loan on your vehicle may empathize with your unemplyment situation, the lender does not. They want the money you contracted to pay them for the vehicle. Failing to pay them, they want the car so they can have it sold and pay off part of the loan you owe. When we borrow money, we are gambling that we will be able to pay it back. Sometimes we win, sometimes we lose. It is what it is. There is no law prohibiting repossession because you are unemployed. Unemployment is the primary reason for repossession.