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A finance company has contacted you to say the motorcycle you bought 2 years ago has outstanding finance can they make you pay or could they take your bike?
FIRST OFF,ALWAYS CHECK FOR LEINS OUTSTANDING ON ANY MOTOR VEHICLE.YES THE COMPANY CAN MAKE YOU PAY THE OUTSTANDING LOAN,IF IT IS WITHIN THE STATUE OF LIMITATIONS.THEY CAN ALSO REPO THE BIKE.THEY MUST HAVE THE DOCUMENTATION AND IT MUST HAVE BEEN REGISTERED.THE SOLUTION?PAY SMALL TOKEN PAYMENTS ON THE LOAN.IF A PAYMENT OF SAY,$15.00 IS RECIEVED AND THE COMPANY CANNOT REPO.MAKE SHURE THAT A PAYMENT IS MADE AT LEAST EVERY 90 DAYS.THE FINANCE COMPANY CAN THREATEN YOU WITH EVERYTHING SHORT OF DEATH.DON'T BELEIVE EVERYTHING THEY SAY.JUST MAKE SURE THAT TOKEN PAYMENTS GETS POSTED EVERY 90 DAYS.DO NOT PAY CASH,YOU WANT A RECORD THAT A PAYMENT HAS BEEN MADE.THE FINANCE COMPANY'S WILL HATE ME FOR THIS. ROCKIN ROD.
What else can I help you with?
In a bankruptcy do you lose your motorcycle?
If you owe a finance company for it, they may reposess the motorcycle.
What is outstanding liabilities?
The outstanding liabilities are which are not paid yet. These outstanding liabilities are due on company's balance sheet and we have to pay them. Muhammad Asif MBA (Finance)
What happens if you buy a car with outstanding finance?
Before that, you have to know what is outstanding finance. It does not belong to you. It belongs to the owner of the vehicle. So, buying or selling a car having outstanding finance is unlawful anywhere.
How can I determine the number of shares for a specific company on Yahoo Finance?
To determine the number of shares for a specific company on Yahoo Finance, you can search for the company's stock symbol on the Yahoo Finance website or app. Once you find the company, look for the "Shares Outstanding" or "Share Statistics" section on the company's profile page. This section will provide you with the total number of shares issued by the company.
Can your car loan increase if sold to another finance company?
Absolutely ! The new company can pretty much charge what they like in interest on the outstanding balance - meaning your debt will be more..
What do you do if the finance company has put repossession on your car due to non-payment and you wrecked your car and you had no insurance coverage?
The finance company will sell the wrecked car and you will be liable for the balance on yourloan less whatever the car sells for which in your case will be almost the total of your outstanding loan.Then they will come after you for the money.
Outstanding finance check?
An outstanding finance check verifies if there are any existing finance agreements or loans tied to a vehicle. It ensures that the vehicle's ownership is free from outstanding debt or financial obligations. Conducting this check is crucial when buying a used vehicle to avoid potential legal and financial complications.
How do you see if a motorcycle is stolen?
Contact your local police to see if they have it reported, alternatively obtain the Vehicle Identification Number (VIN) from the Motorcycle and have a VIN check report run on it. It should only cost a few dollars but will give you some peace of mind. It will also check for other things such as outstanding finance or accidents.
Can you finance a motorcycle if you don't have a motorcycle license?
Yes. But some shop doesn't sell their motorcycle to those buyers who don't have license yet.
What does SME Invoice Finance specialize in?
SME Invoice Finance specializes in invoice discounting and invoice factoring. SME Invoice Finance is based in the UK and can be contacted at 0800-083-8835.
Bank letter of credit?
A Bad Debt Collection letter is written by the collection or finance company that wishes to receive an outstanding amount from its clients. This letter requests the client to settle the amount quickly. There are a few stages of bad debt collection letter which serve as reminders until harsher actions are taken by the finance company.
When was Home Finance Company created?
Home Finance Company was created in 1990.
