Now this is kind of a tricky question because if your talking about buy here pay here most don't report to the credit co. trans union,equifax etc.so chances are good it wont hurt your credit but at the same rate it wouldn't help your credit either.But beware if you screwed one bad he has every right to sue the rest of what pants you have off so be fair with whoever your dealing with and always remember to treat others as you would want to be treated.
I had a car that was financed through HSBC repossessed last year. It was repossessed. Can HSBC take my federal income tax refund for this repossession?
A dismissed bankruptcy whether voluntarily or done by the bankruptcy court will remain on a CR for the required 7 years.
Just go get another car. Do not worry about that, lots of places do there own loans and you do not have to go through a bank.
Co-operative bank is an autonomous association of persons united voluntarily to meet their member's financial (loans, deposits, other services), economic, social, and cultural needs and aspirations through a democratically controlled way.
you'll owe what's left on the contract after the vehicle is sold (probably through auction). Example: you owe $2500, the car sells at auction for $500, you owe $2000 because you signed a contract stating you'd pay a certain amount, that's what the creditor is after.
IF the Lender agrees to it, yes. IF it gets the lender money, they will likely agree.
Whether a repossession is done "voluntarily" by the primary or through the action of the lender, the primary borrower and the cosigner are still legally responsible for all the terms of the lending agreement. The affect the repossession has on the cosigner's credit history will depend upon the actions of the lender to recover the debt owed.
When a car is repossessed it usually means the owner is no longer able to make the payments. It is repossessed by the dealer or the bank in which to owner has the loan through.
Your car can definitely be repossessed because of nonpayment. The bank can actually send a company to repossess your car.
I had a car that was financed through HSBC repossessed last year. It was repossessed. Can HSBC take my federal income tax refund for this repossession?
yes,
You can buy repossessed automobiles in the U.S. through many county auto auctions or police auto auctions. Check with your local courthouse or police department to find the next auction.
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If the court approves.
If it has been repossessed the lender will usually stop all collection activities until the vehicle is disposed of through sale. It is unusual but the lender could decide to keep the vehicle but should they do that than they waive their right to a deficiency.
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True. Consent involves willingly agreeing to an action, either through actions, words, or both, with full understanding of the nature of the act and the ability to freely decide to participate.