Im going through the same situation. The credit company called me and said I owed a certain amount in order to get this off my credit. The problem I have is I dont have the pink slip and they think they repossessed my car when acctually I still have it.
Not just in Pennsylvania, but in all states, the lienholder or lender can sue for the unpaid balance under the Fair Debts Collections Practices Act. This will cause the unpaid balance to grow as court costs and legal fees can and are often added.
Yes, usually at an auction.
Yes - if the car loan was with the dealer, the dealer can sue the debtor for the balance of the car loan after the car is sold to someone else.
Yes, they can and often they do to cover the unpaid balance of impound fees.
Is a credit balance in a vendor subsidiary account an unpaid balance owed?
Is a credit balance in a vendor subsidiary account an unpaid balance owed?
Is a credit balance in a vendor subsidiary account an unpaid balance owed?
Is a credit balance in a vendor subsidiary account an unpaid balance owed?
They can choose to if they first obtain a judgment for the unpaid balance.
Not in Texas. If the unpaid balance is related to your Mortgage then the answer is yes. In this case your home will be foreclosed. an unpaid balance will eventually be reported to the credit bureau.
Any credit balance in a vendor subsidiary account ia an unpaid balance owed?
Any credit balance in a vendor subsidiary account ia an unpaid balance owed?