0
Depends. Usually the item is sold and the balance owed will be paid by the proceeds of that sale. You may also have monies coming to you.
Example. you buy car for 25000
you paid 15000 (at time of repo) still owed 10000
Sale of vehicle was 8000
you still owe 2000
or
Sale of vehicle was 11000
THEY owe YOU 1000
Hope this helps....
What else can I help you with?
Is it wiser to repay smaller debt of same interest rate first?
Yes, it would be wiser to repay smaller debt of same interest rate first.
What was hamiltons plan to repay debt?
Youmad bro?
What is Fiscal Crisis?
unable to repay ones debt
What term describes the ability to repay debt?
Creditworthiness
How do the Cunningham's repay their debt?
they give people their harvest
Does credit card debt expire?
Credit card debt does not expire. If collection for the debt becomes a liability, then the creditor can write off the debt as a total loss or warrant a reposession of property, but the debt itself will never expire on its own.
What happens if I don't repay an auto title loan?
You will lose the car if the Auto title loan is not paid. The lapse in repayment can result in reposession of the car.
What percentage of the debt should repay collection agency?
50%
What plan could you use to repay the debt?
use swag
Farmers thought that the quickest way to repay debt was to grow?
the quickest way to for farmers to repay that dept: cash crops
What is a judgment for debt?
A judgement for debt - is a ruling by a court - detailing what and how much the debtor must pay (and any time-limit to repay the debt).
If a credit card has charged-off balance it means that you don't have to repay the debt?
You don't have to repay the debt but u are required to report the amount of the "charge off" to the IRS and pay taxes on it when you file your tax return
