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1. They hold the car at some repo lot or other storage lot until they hold a car auction to sell it off.
2. Once the car is sold, the proceeds from the sale are applied to the balance of the car loan. Most of the time, they will not be enough to pay off the car loan, and you will then legally owe a deficiency balance. Oftentimes storage fees and auction fees are also tacked on to the deficiency balance.
3. The auto lender can now go after you for the deficiency balance, initiating any and all collection activities all the way up to a lawsuit. Once they start a lawsuit, they can get a judgment a few months later and start attaching your bank accounts, garnish your wages, etc.
What else can I help you with?
What is the process of making new products from reprocessed used products?
The process of making new products from reprocessed used products is called recycling. This is a process that is widely encouraged.
What is the process of of making new products from reprocessed used products?
The process of making new products from reprocessed used products is called recycling. This is a process that is widely encouraged.
What is difference between virgin plastic granules and reprocessed plastic granules?
how to know Plastic granules are reprocessed or virigin. what is a test for the same.
The process of making new products from reprocessed used products?
Recycling reprocesses used or waste material to make new products and materials. It is a method of reducing consumption and pollution.
Why is gangue rock reprocessed?
because it can be used in industrial ways
What is dead organic material on the sea bottom reprocessed by?
Bacteria.
Is saturated resin materil can reprocess?
Yes, saturated resin material can be reprocessed through a regeneration process. This involves removing the contaminants absorbed by the resin and restoring its capacity to adsorb additional materials. The regenerated resin can then be used again in the applicable process.
How do you spell recyceable?
The adjective is recyclable (able to be reused or reprocessed).
What is the process of collecting protecting and reusing waste materials called?
Recycling Recycling is the process through which waste materials are recovered and reprocessed for use in new products. Recycling not only helps reduce quantities of solid waste deposited in landfills but it also reduces the creation of new non-biodegradable materials
Is import of reprocessed plastic granules allowed into India from Korea?
Yes Of Course
What is slop in a oil refinery?
this is off spec fuel product which is normally reprocessed
What is the process of collecting processing and reusing waste material...?
Recycling Recycling is the process through which waste materials are recovered and reprocessed for use in new products. Recycling not only helps reduce quantities of solid waste deposited in landfills but it also reduces the creation of new non-biodegradable materials
