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I paid cash for my vehicle and it was repossessed without any attempt to contact me am I entitled money back?
No, your down payment and any other payment you have made will be put to your subtotal for the car.
What is the DA Payment against acceptance?
WHat is the DA = Payment against acceptance
What does da and d P payment means?
In finance, "DA" typically stands for "Documents Against" payment, a method of trade financing where shipping documents are released to the buyer only upon payment. "D/P," or "Documents Against Payment," is similar, where the seller retains control of the documents until the buyer makes the payment. Both terms are used to protect the seller's interests in international trade transactions.
What does a payment note mean?
A payment note is a written document that accompanies a payment, detailing the purpose or specifics of the transaction. It often includes information such as the invoice number, payment amount, and any relevant dates or references. Payment notes help both the payer and the recipient maintain clear records and ensure accurate tracking of payments. They can be used in various contexts, including business transactions and personal payments.
What is the time line in repo a car?
The timeline for repossessing a car typically begins when a borrower misses a payment, leading the lender to send reminders and notices. After a grace period, usually 30-90 days, the lender may initiate the repossession process if the debt remains unpaid. The actual repossession can happen quickly, often within days of the decision to proceed, and can take place without prior notice. Once repossessed, the lender may auction the vehicle to recover the outstanding loan balance.
Can a car be repossessed the day a payment was made?
YES.
What will happen if your car down payment bounced and you made a particial payment?
The car will probably be repossessed.
Can they repossessed the car if you just owe the last payment?
The lienholder has an option to repossess when you become deficient on your payments for as long as you owe money on that vehicle. If you skip your last payment, that car can be repossessed.
What is the time limit to recover a repossessed vehicle in Texas?
Under Texas law, a vehicle may be repossessed even if payment was only late for 10 days. This means that is payment was due on the first day of the month, and payment has not been settled on the tenth, then, vehicle will be repossessed on the eleventh.
Can your vehicle be repossessed if you are awaiting to be paid by the federal government?
It depends on you locatily, but in general, yes, if you are behind on your payment, your vehicle can be repossessed.
Can a vehicle be repossessed if the payment is 21 days late in New York State?
READ your CONTRACT. IF the contract is in DEFAULT, the collateral CAN be repossessed.
Can your car still be repossessed if the payment is 30 days late?
Absolutely.
Can you get your car back if its repossessed?
Yes. If the payment is made to the finnance company.
In Kentucky how many car payments behind do you have to be before your car is repossessed?
Your car can be repossessed if you miss one payment. Not likely they would do that but it is possible.
Can a car be repossessed when 1 payment is left?
As long as you owe them money they can take it.
Can a car be repossessed if the owner dies before the first payment is due?
The car can be repossessed. The estate is responsible to return the vehicle and resolve the lease or loan.
Can a car be repossessed if you are late making the remainder of the down payment but have been on time making the car payment?
YES, making the down payment is part of the contract and you are in default on it.
