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They will look to you for the remaining balance

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โˆ™ 2007-06-18 16:33:25
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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: What if the company that repoed your vehicle sells it for less than you owe?
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You are responsible for the remaining balance of what the vehicle sells for and what you owed when it was repo'd.


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Truthfully a repossessed vehicle sells for what the bank is trying to get out of it and that is usually what is owed on the original loan and sometimes they will accept less for a number of reasons just to get rid of it and that would be damage to the vehicle, age and mileage.


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