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It depends on the repossession laws of the state where the car was purchased. In some states the lender is required to send the borrower a notice of "cure and remand" before repossession can occur but not before a lawsuit can be initiated. Generally a lender will send such a letter in the hopes of avoiding litigation which is time consuming and often expensive for everyone involved.
What else can I help you with?
How do you get a duplicate of your matric cetificate?
By applying at DOE with an affidavit stating that you have lost your and your certified copy of your Identity Document
What does GECRB stand for on your credit report?
GE Capital Retail Bank: received Experian credit report with an entry from Walmart stating I am $92. past due. I do not have an WM card; I placed an order in July, which was returned and I have the documentation stating that my account had been adjusted leaving a $0.00 balance. How do I get my credit report free of this charge? Walmart.com Order - 26577833914094
Can you repossess a car which you sold to a friend with a written contract stating that if payments are not made as agreed car will be repossessed?
YES.
My car was repo. and what happens when i can't pay the difference. can i make payments instead paying it all back at once?
You can negotiate payments, but I always recommend saving at least 30% percent of the remaining balance and negitiating a settlement. Get everything in writing before making your negotiated final payment. Then request a letter stating that the account is now "Paid in Full", instead of "Settled for less". Very important that you request this, so that they do not sell the remaining balance to a third party collection agency.
How do I write a certified letter explaining the removal of pets by the landlord?
I don't understand this question except to say: "How do I write a certified letter stating that I removed all (or a specific number or type) of my pets?' To that question you write a letter explaining such and submit it certified to the landlord.
Can a debt be classified as a judgment if you made a payment and the collection agency contacted you and you showed proof of payment and are paying the remaining balance?
if collection agency is not from your lender, but third party, then you need to fax them proof of your payments to your lender or financial insitution and have them send you a letter stating that they will not report you to credit bureau. and also have them contact the collection agency you are making payments. asian623 http://www.myspace.com/scionturboracing
What is a compliance certificate?
A compliance certificate is a document stating that the goods and services provided met the specified requirements. It is usually certified by an authority.
What is a retail indicator on chex systems?
Merchants can submit notification stating that at least one check presented to them as payment has been presented twice and returned unpaid both times, or that the check was returned as closed account.
Massachusetts car reposession laws?
I did not recieve a letter stating they were going to repo my jeep they said it was sent more than once but it was not sent certified
Will you lose your car if you are late on a car loan by two or three payments and a letter was sent stating you are in breech of contract but you are going to make the payments up to date?
Until you get paid up to date, your car can and probably will be picked up.
What tire centers sell Firestone tires?
Only certified Firestone centers sell car and or truck tires. Those centers may have the word Firestone in in the name or have documentation stating that they are contracted by Firestone to sell certified Firestone products.
What do you do if you sold a vehicle to someone with a promissory note stating they will make payments and signed the title over if they do pay?
If they signed the promissory note, then it is legal, and binding.
