answersLogoWhite

0

What is a contingency repossession?

Updated: 8/17/2019
User Avatar

Wiki User

12y ago

Best Answer

One where the repossession agency receives no fees to cover the expenses incurred in the efforts expended during the recovery process unless the unit is actually recovered. No repo, no money.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is a contingency repossession?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How do you find a lawyer on contingency in regards to repossession and contract fraud?

That would be pretty difficult to do. Because the action is a repossession, it indicates that the person has a poor record of making payments and an attorney is too smart to take the risk of not getting paid. They will want their money up front.


Is contingency theory and contingency leadership the same if not can I get the meaning of contingency leadership please Thank you?

What is the meaning of contingency leadership in relation to Human Resource Management


Use contingency in a sentence?

use contingency in a sentence?


Project on disaster contingency plan. where can i get it from?

Disaster contingency plan


What should your COOP contain?

Desktop Computer and Portable System Contingency Strategy, Server Contingency Strategy, Website Contingency Strategy


What BEST describes contingency approaches?

BEST describe contingency approaches


What is the correct spelling of non contingency?

The correct spelling isnon-contingency.


What is the weakness of contingency theory of management?

weakness of contingency and system theory


How do you prepare a contingency plan for terrorist attack?

Contingency plan for terrorist attack


Why are contingency strategies important?

Contingency strategies are important because sometimes, plans fail. If you have a contingency strategy for your business, then you won't have to start over completely.


What are the accounting journal entries to accrue a contingency payable?

Contingency transations have no entry until contingency not clear and only shown in notes to financial statements.


What is the contrast between gain contingency and loss contingency?

A gain contingency is where a gain will incur if certain future events incur or not occur while loss contingency is the posting of a future loss that may result from some event or happening