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What will happen if voluntarily let car be repossessed if finaced through a dealer that deals in bad credit loans and not actually a bank?
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.
What else can I help you with?
Can the your income tax refund be garnished?
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?
If you filed for bankruptcy and then changed your mind and never went through with it and it is showing up on your credit report how do you get it removed?
A dismissed bankruptcy whether voluntarily or done by the bankruptcy court will remain on a CR for the required 7 years.
How can you get a loan if your car was repossessed due to late payments and debt and the finance company says you can't recover it unless paid in full?
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.
What is the meaning of cooperative 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.
If your car is repossessed do you have to pay the balance?
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.
Would you be able to go through a debt consolidator to pay off what you owe on a voluntarily repossessed car?
IF the Lender agrees to it, yes. IF it gets the lender money, they will likely agree.
If you cosigned for a car and it got repossessed voluntarily what will it do to your credit and will you owe?
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.
What does repossession of car mean?
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.
I failed to pay the pick up payment can the dealer repo my car even if its financed through a bank?
Your car can definitely be repossessed because of nonpayment. The bank can actually send a company to repossess your car.
Can the your income tax refund be garnished?
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?
If you buy a motorcycle that has a lien on it from the Royal Bank of Canada through the previous owner can the bike be repossessed from you?
yes,
Where can you buy repossessed automobiles in the US?
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.
What is true about the way that alcohol moves through the body?
The primary means of transportation is through the blood stream.
What if brother voluntarily gives temporary custody to sister through court order Can he get his child back?
If the court approves.
What is repossessed goods?
Repossessed goods are items that have been taken back by a lender or creditor after a borrower has defaulted on a loan or failed to meet payment obligations. This process typically occurs in cases of secured loans, where the goods serve as collateral, such as cars, furniture, or real estate. Once repossessed, the lender may sell the items to recover the outstanding debt. These goods can often be sold at auctions or through retail outlets specializing in repossessed or distressed merchandise.
Do you have to pay on a repossessed car if not sold?
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.
How can a citizen lose his or her citizenship?
A citizen can lose their citizenship through actions such as renouncing it voluntarily, committing treason, or fraudulently obtaining citizenship.
